"A Further 7 million Tonnes of PE Planned for USA...."
HOUSTON - 05/12/2019 - As many new downstream plants reach the end of their construction projects, a further 7 million tonnes of PE are planned in the USA, or under construction, of which at least 30% of that new capacity is marked for export.
Focusing on this Petrochemical Update would like to share the first chapter of our complimentary report NORTH AMERICA & BEYOND 2020 Downstream Market Outlook Report to help you size up North American and International Markets. Chapter 1 includes the most complete information on current and future petrochemical projects, including exclusive insight from the ACC, Mike Coyle, President of Manufacturing, Chevron and Stuart Bradie, CEO KBR.
Below is just a taster of what Chapter 1 has install. Download you free full copy here!
"..... Since 2010, the downstream industry has announced signi?cant capacity expansion in the U.S., and the momentum is not yet over with additional project announcements revealed.
Many of the latest announcements are in the plastics sector.
Another wave of multibillion-dollar plastics projects announcements that will take advantage of the cheap feedstock from the Permian Basin demonstrate that the region remains an attractive destination for downstream investment.
To date, 334 chemical and plastics projects cumulatively valued at $204 billion have been announced, with 53% of the investment completed or underway and 40% in the planning phase in 2019, according to the ACC.
America’s plentiful and a?ordable supplies of natural gas and natural gas liquids (NGLs) are driving investment.
Further gains in capital spending are anticipated, increasing by 5.4% this year and 4.9% in 2020. Capital spending will reach $43 billion by 2024, according to the ACC. Nearly half of these expansions are in Texas.
The abundant shale resources of North America along with e?cient supply chain dynamics, steady and growing world demand, and a favorable policy environment continue to make the region a good place for investment...."
Access the full free whitepaper here!
For any questions about above please contact Bridget Robinson at [email protected]