14 September 2011 17:23 [Source: ICIS news]
Additionally, many petrochemical companies have lightened their feedstocks, which will also bolster US demand for natural gas, Ed Kelly, the vice president of North American gas and power for consulting firm Wood Mackenzie, said during the 9th Annual Methanol Forum in Houston.
Those ammonia and methanol restarts, which he did not specify, along with the growing trend of ethylene capacity conversions suggest a stronger long-term pace of industrial demand growth, he added.
Kelly said there has also been an improved environment for US manufacturing, in general, as the dollar depreciates and massive trade imbalances subside.
The Methanol Forum ends on Thursday.
Paul Hodges studies key factors influencing the chemical industry in his Chemicals and the Economy blog
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections