Innova places bet on styrenics chain in Brazil

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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 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

What's included

This report contains:

  • Document

    Innova places bet on styrenics chain in Brazil

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