Name: European olefins production: could 2020 top 2019 despite coronavirus?
Brand: Wood Mackenzie
SKU: 128619
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Author: Wood Mackenzie

Insight 23 April 2020

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Europe saw 20-year lows in olefins production in 2019. Despite potential demand destruction from coronavirus, 2020 could show a recovery in production, as turnaround schedules lighten, and competitive naphtha prices make Europe’s cracker fleet becomes more competitive. This insight will examine four key drivers to understand the direction of 2020 production - outages, cash costs, trade and the coronavirus. Read on to understand the key drivers in more detail.</div>
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<li class="list__item-toggle font-semibold">
        European olefins production in the rear-view mirror
    </li>

<li class="list__item-toggle font-semibold">
        1) Outage activity in 2020 less than half 2019 – boosts production
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<li class="list__item-toggle font-semibold">
        2) Naphtha comes back as a competitive feedstock – boosts production
    </li>

<li class="list__item-toggle font-semibold">
        3) Lower feedstock costs allowing competitive exports and reducing imports – boosts production
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<li class="list__item-toggle font-semibold">
        4) Economic shock and uncertain demand for olefins – lowers production
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        Conclusions
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<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
        <li class="list__item push-quarter--bottom">Year-on-year percentage change in total European olefins production</li><li class="list__item push-quarter--bottom">European ethylene capacity lost from planned and unplanned outage activity</li><li class="list__item push-quarter--bottom">Average European naphtha prices in Euros per ton</li><li class="list__item push-quarter--bottom">Net European olefins (ethylene and propylene) trade</li>
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<p class="font-regular" >European olefins production: could 2020 top 2019 despite coronavirus?</p>
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