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A clearer view into the second wave of US petchem projects

Posted on April 14th, 2017 by

The visibility into the second leg of US petrochemical expansions is getting clearer. While many projects were shelved or in doubt amid the crude oil price decline in 2014-2015, the recent relative stability in oil coupled with a renewed sense of optimism on long-term global demand growth is spurring a new round of project announcements and activity. Continue reading “A clearer view into the second wave of US petchem projects” »

Brazil’s recovery to strengthen in second half

Posted on April 13th, 2017 by

Executives and managers from several plastic producers expect Brazil’s economy to start a sustained recovery in the second half of the year, ending the nation’s worst recession since the Great Depression. Continue reading “Brazil’s recovery to strengthen in second half” »

EU chems ask for pragmatic Brexit while bracing for uncertainty

Posted on April 10th, 2017 by

The UK and the remaining 27 countries within the EU should adopt a “pragmatic” approach to Brexit, according to trade group Cefic, but sources within the industry are bracing for more uncertainty as the UK pound sterling is expected to depreciate further while negotiations take place. Continue reading “EU chems ask for pragmatic Brexit while bracing for uncertainty” »

Tempered optimism ahead of wave of US project start-ups

Posted on April 7th, 2017 by

It’s happening. The US cracker project wave is amplifying with Dow Chemical announcing the completion of its 1.5m tonne/year ethylene project in Freeport, Texas – the second new US cracker after the Occidental Chemical/Mexichem start-up in the first quarter of this year. Continue reading “Tempered optimism ahead of wave of US project start-ups” »

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