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The oil industry is turning to petrochemicals for long term growth but what impact will environmental strategies to reduce or ban plastic consumption have on long-term oil demand growth?
The olefins analysts at Wood Mackenzie Chemicals tell us about the upcoming trends in the industry. Learn about changing technologies and the impacts they will have, the 3 key trends for olefins in Europe and the impact of ethane export terminals.
There's currently a lot of talk about plastic and the use of plastic, particularly in food and drinks packaging. Helen discusses the challenge of re-educating consumers about the value of plastic.
China’s waste bans will have an impact on the polyolefins markets. Our analyst Ashish Chitalia goes into more detail.
Since the start of the decade when crude oil/gas prices ratios were higher and global ethylene demand was lower, the global ethylene industry has rebalanced and has even entered periods of tightness over the past few years, prompting fresh investment in new ethylene capacity. What can we expect from this current investment cycle?
As global ethylene consumption continues to grow, petrochemical companies will need to invest in new ethylene facilities to meet demand.
Lift the lid on ethylene supply forecasts and cost data and reveal the numbers behind each asset.
The global styrene market is facing a sizeable change in the status quo. Our new Insight gives our initial thoughts on the state of the market before and after tariff announcements...
What should the global polyethylene industry brace themselves for in 2018?.
With the new Corpus Christi plant coming online, organisations in the PTA and PET markets are aware that change is expected. However, the impact of these changes and the realisation that they will span the entire polyester chain is less understood.
Following the recent news about the acquisition of Jurong Aromatics Corporation, Steve Jenkins looks at how things will play out in the aromatics sector going forward.
Are PET bottles the world’s most sustainable packaging solution? Read more.
Steve Jenkins reviews how Thai conglomerate PTT is changing its strategy in response to the government’s recent environmental and economic policymaking.
US flex packaging majors losing market share
A number of petrochemical product markets have seen substantial price and margin volatility over recent months, including styrene monomer. Ryan Macaluso, Senior Research Analyst at PCI Wood Mackenzie tells us more…
The Chinese government plans to ban waste imports — including plastics — by the end of this year. While this could have positive repercussions in the long term, like exporting countries being forced to re-evaluate their approach to waste and improve their systems, we could see negative impacts appear quickly. Without China and its fibre industry serving as an end market, some countries may forego plastics collection efforts, leaving plastics to be littered or disposed of in landfills, waterways or the ocean.
Proposed closure of Jiangsu ports unnerves chemical markets in China. Learn why.
Kelly Cui, Olefins Senior Consultant, discusses China’s aspiration to switch gears from being the world’s leading importer of olefins to becoming self-sufficient via CTO/MTO.
Kelly Cui, Olefins Senior Consultant, explains China’s abundant coal reserves and how it’s being used to meet domestic olefins demand.
Even after growing by 3 million tons since 2012, the North American ethylene industry has 10 firm cracker projects currently underway – adding another 10 million tons by 2020. Where will all the extra polyethylene go? Surely it won’t stay in the North American markets, and it seems that this expansion is just the beginning.
With the world in need of ever more chemicals, demand is set to continue expanding. The companies that recognise this fact today and build strategies to take advantage will benefit long term. So why are many chemical producers slow in making investment decisions?
The recent PET 2020 conference in Brussels brought the industry together to reflect on how Europe's PET recycling model has become a benchmark in the wider market.
ExxonMobil acquired Jurong Aromatics in May 2017, strengthen its aromatics supply position in south east Asia.
Does the recent sale of its BOPP and BOPET assets to Jindal Poly Films mean Dupont has left these markets for good? Simon King considers the deal.
Steve Zinger discusses the five market changes which are set to make waves in the global petchems markets.
Paul Gaster reviews the reasons why US flexible packaging companies are losing market share to emerging suppliers.
Ryan Macaluso discusses the reasons why styrene production shortfalls have led to volatile prices across this important market segment.
As the first Southeast Asian nation to adopt a tax on carbon, Singapore could encourage other countries to follow suit
Fibres markets have been hit hard by coronavirus, and the apparel sector – where 55% of total fibre volume was consumed in 2019 – is where the value chain has been most exposed.
While most oil majors and NOCs are focusing on strengthening their petrochemical integration, BP is divesting petrochemical assets to INEOS in a US$5 billion deal.
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