Asian Chemical Connections
At the APLA annual meeting in Rio, the buzz was on how to compete in a new world with cheap US shale gas
US shale gas is causing a major shift in Latin America's petrochemical sector as it re-evaluates its competitiveness. Large-scale projects in the region will be gas-based, while others will be scaled back or cancelled.
Petrochemical chiefs at the APLA forum called for greater efficiency
INSIGHT: Crude fall moves olefins margins, hits ethane advantage
"Prices tend to fall faster than they can be recovered so this is a difficult and uncertain time."
VIDEO: ICIS special report - impact of lower crude oil prices