Insight
Innova places bet on styrenics chain in Brazil
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The announcement of a styrene capacity expansion by Innova was the first in quite a while in the Western Hemisphere, and has caught the attention of the industry as a result. Taken in isolation, this investment might cause concern for its backers, given cost disadvantages in Brazil and lengthening balances globally; however, in the wider context of Innova's portfolio, this fits well in a broader corporate strategy. This insight covers background around the Brazilian styrene industry and Innova's place within it, both before and after this investment.
Table of contents
- Videolar-Innova rebrands itself and announces a styrene plant expansion in Brazil
- Background on the Brazilian styrene industry
- US a key source of styrene supply for Brazil
- Rather than balance their portfolio, Innova is likely building for more derivatives in Triunfo
- Site will not necessarily play well on a standalone basis relative to global peers
- Integrated economics will help Innova secure and support derivative expansions
- Conclusions
Tables and charts
This report includes the following images and tables:
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Share of 2016 Global Styrene Demand, by RegionBrazilian Styrene Market OverviewBrazilian Styrene Imports, by Source
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Impacts on Brazilian Styrene Production / ConsumptionBrazilian Styrene Production / Consumption by Innova and UnigelBenzene Costs into Styrene Production, US Gulf Coast vs. BrazilRegional Ethylene and Utility Costs into Styrene Production, US Gulf Coast vs. BrazilEB/SM Styrene Production Costs, FOB US Gulf Coast vs. FOB BrazilEB/SM Styrene Production Costs, DDP Brazil (delivered from US Gulf Coast) vs. FOB BrazilUS Styrene Prices, Spot vs. Formula
What's included
This report contains:
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