Innova places bet on styrenics chain in Brazil Report

Insight 12 May 2017

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
- Find out more about subscriptions

*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.

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 10 images and tables including:

Share of 2016 Global Styrene Demand, by Region
Brazilian Styrene Market Overview
Brazilian Styrene Imports, by Source

Impacts on Brazilian Styrene Production / Consumption
Brazilian Styrene Production / Consumption by Innova and Unigel
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
US Styrene Prices, Spot vs. Formula