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
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