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9 Pages

Innova places bet on styrenics chain in Brazil


Innova places bet on styrenics chain in Brazil

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.


What's included?

This report includes 1 file(s)

  • Innova places bet on styrenics chain in Brazil PDF - 341.79 KB 9 Pages, 0 Tables, 10 Figures

Description

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  • 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

In this report there are 10 tables or charts, including:

  • Videolar-Innova rebrands itself and announces a styrene plant expansion in Brazil
  • Background on the Brazilian styrene industry
    • Share of 2016 Global Styrene Demand, by Region
    • Brazilian Styrene Market Overview
  • US a key source of styrene supply for Brazil
    • Brazilian Styrene Imports, by Source
    • Impacts on Brazilian Styrene Production / Consumption
  • Rather than balance their portfolio, Innova is likely building for more derivatives in Triunfo
    • Brazilian Styrene Production / Consumption by Innova and Unigel
  • Site will not necessarily play well on a standalone basis relative to global peers
    • Benzene Costs into Styrene Production, US Gulf Coast vs. Brazil
    • Regional Ethylene and Utility Costs into Styrene Production, US Gulf Coast vs. Brazil
    • EB/SM Styrene Production Costs, FOB US Gulf Coast vs. FOB Brazil
    • EB/SM Styrene Production Costs, DDP Brazil (delivered from US Gulf Coast) vs. FOB Brazil
  • Integrated economics will help Innova secure and support derivative expansions
    • US Styrene Prices, Spot vs. Formula
  • Conclusions
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