Name: INEOS Styrolution investment announcement
Brand: Wood Mackenzie
SKU: 85833
Price: 900 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 09 April 2018

Get this report*

$900

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

INEOS Styrolution has announced that it is investing in a new styrene unit along the Gulf Coast. This would be the first new construction of a styrene unit in the region in 25 years were it to go forward. There are many factors to consider with the announcement, which we will go into in this deep-dive insight: why our prior view was that a unit like this was not likely to get built; why this announcement could be an attempt to gain leverage over counterparties or block others from entering the market; and why, were INEOS Styrolution to go forward with the investment, it would likely do well as a stand-alone investment and as a compliment to their corporate strategy.

Introduction
Analysis of the announcement
- INEOS Styrolution to build a world-scale styrene monomer plant in the US Gulf Coast
Why was our view that this didn’t make sense?
- Feedstock availability
- Destination of styrene produced
- New world-scale complexes
- Trade barriers and protectionism
- Review of Concerns
Why might this make sense for INEOS Styrolution?
- Why would INEOS Styrolution announce an investment without actually intendingto build anything?
- Why would an investment by INEOS Styrolution here actually make sense?
What happens to markets if INEOS Styrolution goes ahead with investment?
Conclusions

Tables and charts

This report includes the following images and tables:

Nameplate Styrene Capacity, by CompanyUnited States Benzene Imports, by SourceStyrene Producers and Major Consumers, North America

United States Styrene Exports, by DestinationINEOS Styrolution, Styrene Monomer Balance, North AmericaINEOS Styrolution, Styrene Monomer Balance, EuropeINEOS Styrolution, Styrene Monomer Balance, AsiaINEOS Styrolution, Styrene Monomer Balance, Regional