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Since the beginning of 90s of last century both the petroleum industry and   petrochemical industry have operated in difficult circumstances. In   particularly, margins of petroleum and petrochemical industry were   exacerbated during global economic crisis in 2008-2009 years. At that time,   as one option that could be the solution, the global analysts had started to   more intense investigate the benefits of Refining-Petrochemical Integration.   Shortly afterwards, more and more petroleum refineries and petrochemical   manufacturers began to see the future in this kind of operational,   managerial, marketing and commercial connection. This paper evaluates, in   particular, the achieved level of integration of refinery and petrochemical   businesses in Central and South-Eastern Europe. And specifically, the paper   identifies current capabilities and future chances of linking this kind of   integration between Serbian refining and petrochemical players. The viability   of integration between possible actors and benefits of every single   refining-petrochemical interface in Serbia depend on many factors, and   therefore each integrated system is unique and requires prior serious Cost   Benefit Analysis

Whether integrating refining and petrochemical business can provide opportunities for development of petrochemical industry in Serbia