SUPPLY-CHAIN problems continue to disrupt the global chemicals and polymer industries more than two years since the pandemic began.
Right now, the centre of attention of supply-chain anxiety is China.
Lower refinery operating rates on a lack of Russian oil and naphtha -– and reduced electricity supply to refineries and petrochemicals plants -– may be more than offset by weaker European petrochemicals demand.
”. Manufacturing cost pressures and the climate change and plastic -waste clean-up imperatives have created a new chemicals business model. No longer is financial success driven by sales-volume growth in chemicals.
How on earth does one respond to the daily news flow? The answer must be headline scenarios – best, – medium and worst-case scenarios
I hope what follows helps as a first pass at describing the new environment in which our industry is operating as a result of the Ukraine-Russia conflict.
By John Richardson WE NOW HAVE an agreement amongst 175 countries, reached in Nairobi in Kenya last week, to develop a legally binding treaty to deal with plastic waste. This was something I called for last year. At the time I said we needed global limits on plastic waste that would be as important for […]
By John Richardson IF WE ARE involved in a new protracted Cold War, this will change just about everything for the petrochemicals industry. Or, of course, we could go back to the Old Normal. Corporate planners must therefore press on with drawing up short, medium and long-term scenarios and then apply these scenarios to tactics […]
To follow all the breaking news on the crisis and the implications for petrochemicals and energy markets, please click here for the ICIS subscription topic page. If you need a trial of ICIS news, please let me know. By John Richardson WHETHER OIL PRICES will rise to a high of $135/bbl – the worst-case warning highlighted in […]
To follow all the breaking news on the crisis and the implications for petrochemicals and energy markets, please click here for the ICIS subscription topic page. If you need a trial of ICIS news, please let me know. By John Richardson NOW THAT an invasion has started, the critical issue for petrochemicals companies is whether they can […]
The petrochemicals or chemicals (depending what you prefer) transition to Net Zero is both connected and different from the energy transition for reasons I’ll detail in a series of blog posts, starting today with a few headline thoughts on how global margin and cost curve positions my change over the next few years – and […]