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Downstream chemical markets face a downbeat start to 2023 – long on supply, short on demand. But will demand recovery bring some much-needed relief to producer margins?
In the build up to COP27, countries around the world made pledges to reach net zero around the middle of the century. How are they all faring on those pledges and is the world is on track for a 1.5c pathway?
The new Packaging and Packaging Waste Regulation (PPWR) could be a pivotal moment for the packaging sector
Upgraded decarbonisation targets present a huge challenge for marine fuels
Watch our exclusive video to discover how Wood Mackenzie's Long-Term Products Markets Service helps industry leaders stay ahead of unprecedented market disruption.
We are at an unprecedented point in time where the entire commodity petrochemicals industry is in a downturn. Where do we expect chemical margins to end up this year and what can producers do to tide through the downturn?
We analysed a scenario which studied the impact of drivers that could accelerate sustainability initiatives on polymer demand compared to Wood Mackenzie’s base case long-term outlook using our proprietary Materials Application Platform.
The ethylene industry is tackling emissions through a raft of new carbon-cutting measures. These bring promise, but also considerable challenges, as some regions face the fall-out of their carbon pricing policies
With ethylene producers facing multiple headwinds, we benchmark facilities to see which plants are under threat
Major players are best placed to form partnerships across industries and bridge the yawning supply gap.
The future of polyolefin recycling hinges on innovations in waste management systems and a new kind of value chain.
Global maritime trade set to grow by more than 40% by mid-century.
Our view of the year ahead, including the impact of Trump's re-election on our oil price forecast, a look at refining margins, ethylene capacity and China's overcapacity affects downstream chemicals markets.
As ESG legislation evolves, stakeholders across oils and chemicals value chains need to adapt to circular business models.
Steve Jenkins, vice president of Wood Mackenzie’s petrochemicals team, comments on this morning’s announcement from BP that it is selling its petrochemicals business to INEOS in a US$5 billion deal.
Much of China’s polyolefins demand growth in 2020 will depend on global appetite for plastic end-products, says Wood Mackenzie.
Approximately 15% of ethane-based ethylene supply in the Middle East could be lost this year due to oil supply dynamics, according to new analysis from Wood Mackenzie. This equates to around 1.5 million tons of ethylene.
Europe saw a 20-year low in olefins production in 2019. Despite the coronavirus hitting demand, 2020 could show a recovery in production.
Commenting after Shell announced its intention to become net-zero company by 2050, Luke Parker, vice president, corporate analysis, at Wood Mackenzie, said: “This is an evolution of the net carbon footprint ambition that Shell unveiled in November 2017.
The UK currently recovers or recycles just under 50% of plastics packaging, making it a middling performer in European terms
Wood Mackenzie expects the combined capacity expansion of base olefins - ethylene, propylene and butadiene - to hit unprecedented levels of around 20 million tonnes in 2020. This represents an increase of 6% on 2019 levels.
Meeting current US recycled plastics content goals by 2030 would significantly alter the region's PET resin and upstream aromatics markets, according to a recent analysis from Wood Mackenzie.
Motiva, a 100%-owned subsidiary of Saudi Aramco, has signed an agreement to acquire full ownership interest in Flint Hills Resources Port Arthur, LLC.
Sinopec will take over the 800-ktpa coal-to-olefins (CTO) project in Erdos from State Power Investment Mengxi Energy.
Saudi Aramco is to set to take a 20% stake in Reliance Industries' refining and petrochemical businesses.
On 7th August 2019, Huntsman Corporation announced that it has entered into a definitive agreement to sell its chemical intermediates businesses to Indorama Ventures. The total deal is valued at $2.076 billion.
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