Latin American petrochemical industry has been impacted by the global economic recession, with some countries facing a deeper crisis and a slower recovery. Though the lowest point of the global recession has been passed, recovery seems to be a long drawn process. For many years the potential of Latin America's petrochemical players to rank among the world's leading players has been thwarted by seemingly complex and impenetrable rules and political uncertainty. However, in recent years political and economic stability has come to many of the regions' countries, and with that a desire to develop industries and generate wealth. Read more in Latin American petrochemical industry faces recovery challenges out of the economic crisis