10182017Wed
Last updateTue, 17 Oct 2017 3pm

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End-User News

Visibility Clears on 2nd Wave of U.S Petrochemical Projects

The visibility into the second leg of U.S. petrochemical expansions is getting clearer, according to ICIS Chemical Business. 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.

A robust oil price is beneficial to US producers who use cheap natural gas liquids (NGLs) feedstock to make products whose price largely tracks oil. And, of course, companies must believe there will still be plenty of ethane feedstock to go around to make these billion-dollar bets. 

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