petrochemicals

Growth of 3.6 Percent in 2015 Leads to Chemical Industry 'Renaissance'

December 29, 2015

The business of American chemistry expanded 3.6 percent in 2015 despite global headwinds that included a strong appreciation of the U.S. dollar and a weakness in several key global markets.

Rated Chemicals Companies in Latin America Expected to Stay Stable Even With Oil Prices Tumbling

December 28, 2015

Fitch Ratings

The credit profiles of rated Latin American chemicals companies are expected to remain stable during 2016 despite low petrochemical prices.

North American Chemical Industry Experiencing Once-in-a-Generation Renaissance

July 15, 2015

BCG

The growth rate of the large and diverse chemical industry in North America tends to track GDP, but a confluence of factors is expected to accelerate the industry's growth relative to the overall economy during the next five to ten years. By the end of this period, the U.S. - representing more than 80 percent of the North American chemical market - will be a larger net exporter of chemicals than it is today.

Bulk Chemical Production Expected to Fuel Industrial Energy Consumption Increases for Next 25 Years

June 4, 2015

Manufacturing.net

The U.S. Energy Information Administration's annual energy outlook - which was released earlier this spring - anticipated that the industrial sector's energy demand would outpace all other sectors through 2040, and a just-released EIA report projected that bulk chemicals would account for a "large portion of both consumption and anticipated growth," with the value of chemical shipments increasing from $288bn in 2013 to $429bn in 2025.

Downward Pressure on Oil Said to Be Likely to Continue

December 9, 2014

MAPI

Following OPEC's decision at the end of November to maintain production at its current level, the Brent spot price of oil closed at $70.02 per barrel, down 39 percent from its closing price of $115.19 on June 19, 2014. Similarly, the WTI spot price fell by 39 percent over the same period, closing at $66.15 at the end of November. What's next? Will the price of oil continue to fall, and if so, how far? Will the price of oil level out? Or will it rebound?

Shale Gas Boom in U.S. Has European Chemical Companies Concerned About Their Costly Processes

October 6, 2014

FuelFix

The U.S. petrochemical resurgence is being closely watched in Europe where companies are wondering whether the deluge of North American shale gas will sap away their competitive advantage.