Asian Chemical Connections
Many of the planned new US cracker projects are moving forward, and are on track for completion by around 2017, said companies and a major engineering and construction firm.
"We are optimistic that at least six, if not all seven announced new crackers will be built, generally within the 2017 timeframe as a goal," said Richard Meserole, vice president, construction, for Fluor's Energy & Chemicals Group.
INSIGHT: Shell has decisions to make alongside Moerdijk headaches
"Much is being made of Shell's decision to cut capital spending by $15bn over the next 3 years, a greater cut than those announced by other oil & gas
VIDEO: ICIS special report - impact of lower crude oil prices