Americas top stories: weekly summary
ICIS Editorial
25-Oct-2021
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 22 October.
AFPM
’21: Supply chain strains, logistics woes to
persist into 2022
The coronavirus pandemic disrupted every aspect
of life, including the supply chains that have
been built up over time to consistently deliver
goods and raw materials to various parts of the
world.
INSIGHT: Rising
feedstocks, falling prices to squeeze US
polyolefin margins
The rise in oil and natural gas prices in the
US has caused feedstock costs to increase for
the nation’s petrochemical industry. That could
squeeze margins, since prices for key olefins
and polyolefins are expected to fall in the
face of rising inventories and capacity.
AFPM
’21: Chevron Phillips Chemical US cracker
project with QP still on table –
president
Chevron Phillips Chemical’s joint venture (JV)
cracker project with Qatar Petroleum on the US
Gulf Coast is still on the table with a
potential final investment decision next year,
executives said on Monday.
AFPM
’21: Consumer push, sorting, regulation needed
to boost chemical recycling
A push from consumers and resin buyers, along
with more sophisticated sorting of waste and a
supportive regulatory framework will be needed
to scale up chemical recycling of plastics,
industry executives said on Monday.
AFPM
’21: Logistics constraints hitting niche
products
Logistical constraints are causing delays in
obtaining some niche chemicals that are used in
very specialised products, the CEO of Huntsman
said on Tuesday.
Backlog of polyols orders
will persist into H1 2022 –
Stepan
A backlog of polyols orders will remain in
place into H1 2022, US-based Stepan said during
the company’s Q3
earnings call.
Former ACC chief
economist Kevin Swift joins
ICIS
Kevin Swift, former chief economist and
managing director at the American Chemistry
Council (ACC), will join ICIS on 1 November
as senior economist, global chemicals.
China
loses cost advantage for new plants –
Celanese
China has lost much of its previous cost
advantage that attracted companies to build new
chemical plants in the country, the CEO of
US-based acetyls producer Celanese said on
Friday.
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