Dow sees US petchem cycle peak in 2015-2016 – CEO Liveris

Source: ICIS News


NEW YORK (ICIS)--US-based Dow Chemical chief executive Andrew Liveris expects the US petrochemical cycle to peak in 2015-2016, before most US cracker expansions come on line, he said on Monday.

“We see the cycle peaking in 2015-2016, before the logjam of crackers that come on line in 2017-2018,” said Dow CEO Andrew Liveris at a media event at Dow’s annual investor meeting.

“The permitting process will dictate the timing,” he added.

There are six cracker projects moving forward in the US, he noted.

Liveris said there could be “some consolidation” among the cracker operators, as the projects move forward.