Tag Archives | US petrochemicals

Why The China “Higher Base” Argument Doesn’t Stand Up

By John Richardson

WHAT an amazing success story. The above chart shows that:…

China’s high-density polyethylene demand rose by 151% between 2000 and 2014 to end up at around 10 million tonnes.
Low-density PE consumption surged by 72% to approximately

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US Petchems: Last Piece Of Expansion Logic Fades On Falling Crude

By John Richardson

THE demand was simply never going to be there to support anywhere close to the number of US cracker and derivatives projects listed in the table above. There long been two reasons for this:…

The US is

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Burying Your Head In The Sand Is Not The Answer

By John Richardson

YOU are a US polyethylene (PE) producer or any other chemicals producer in a country that remains on the wrong side of the new consensus about climate change. Sure, you can choose to bury your head in …

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US Needs A New Normal “Permanent Study Group”

By John Richardson

A LOT of the discussions taking place in and around last week’s American Fuel & Petrochemical Manufacturers International Petrochemical Conference (IPC) in San Antonio, Texas, was, of course, around oil prices.

Lower crude prices means less of …

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US Petchems: Victim Of A Black Swan? What Black Swan?

 

By John Richardson

JIM Gallogly, the former CEO of LyondellBasell, has advised US petrochemicals companies to “think very, very hard” about new investments.

“Some of you simply are going to be too late. And you need to recognise where …

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2014: The Rear View Mirror

By John Richardson

MOST of my forecasts for 2014, which I made in this post on 30 December last year, look good in the rear view mirror.

I was right about credit availability being the single biggest issue for the …

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Global Polyethylene: A Painful Balancing Act

By John Richardson

HERE are a few important facts about polyethylene (PE):…

China accounted for 30%, or 2.35m tonnes , of global imports of linear low-density PE (LLDPE) in 2013 (see the above chart).
It accounted for 43% of high-density

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US Petrochemicals: The Way Forward

By John Richardson

ANYBODY out there prepared to make a guess? How long are these fantastic earnings for US petrochemicals companies in the key polyolefins space going to last? Six months, 12 months, 18 months or perhaps even longer?

The …

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Ten Reasons Why US Petrochemicals Should Think Again

By John Richardson

IT is incredibly hard to “stare a gift horse in the mouth” when your share options have soared in value and you annual bonuses, based on your company’s record-breaking profitability, have been nothing short of fantastic for …

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China: How Conventional Wisdom Becomes Conventional Wisdom

By John Richardson

HOW does  conventional wisdom – i.e. the opinion of the majority – become conventional wisdom?

This is a subject that the blog pondered over the last few days as it wandered around Euro Disney. Unfortunately, Mickey, Donald …

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