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2018 will see Winners and Losers appear in plastics markets

1 April 2018

Two major challenges face petrochemical and polymer producers and consumers in 2018: The likely disruption created by the arrival of the ethylene/polyethylene expansions in the US The growth of the circular economy and the need to dramatically increase recycling capacity My new interview with Will Beacham, deputy editor of ICIS Chemical Business, focuses on both […]

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European petrochemical output still below 2004 – 2007 levels

4 May 2017

The financial crisis began a decade ago, yet production of the key “building block products” for the European petrochemical industry has still not recovered to its pre-Crisis peak, as the chart shows (based on new APPE data):   Combined production of ethylene, propylene and butadiene (olefins) peaked at 39.7 million tonnes in 2007   A […]

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Industry needs new strategy to spread benefits of globalisation

25 November 2016

The Brexit vote, and Donald Trump’s election, confirm that we are in a New Normal world.  In the interview below with Will Beacham, Deputy editor of ICIS Chemical Business, I highlight some ideas about how industry needs to adapt. BARCELONA (ICIS)–The global chemical sector needs to stimulate demand for innovative products and services in mature […]

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China’s G20 shutdowns will impact global economy

10 June 2016

Imagine your government decided to shutdown most of the industry in two major cities for 2 weeks or more?  Say Detroit and Chicago in the US, or Milan and Turin in Italy, or Leeds and Manchester in the UK.  Now you will have some idea of the scale of the shutdowns being mandated in China […]

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Clouds gather over global polymer markets as China imports drop

1 June 2016

Difficult times lie ahead for global polymer markets.  It would be bad enough that downstream users have been busy building stock in recent weeks as the oil price rose, as Linda Naylor reports on polypropylene (PP) for ICIS: “PP demand is slow, slower than many expected, and the strong growth of recent months is now […]

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Lower oil prices support European cracker operating rates

15 April 2015

Who would have believed, a few years ago, that European cracker operators would see an operating rate of 84% as something to celebrate?  It would have been thought a disaster prior to 2008, when rates typically ranged around 90%. But whilst nobody is flying flags, last year was the best year since 2007.  And as […]

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European ethylene volume at 1998 low

6 September 2012

European olefin markets had a miserable time in Q2. As the chart shows, based on APPE data, ethylene production (red square) was just 4.7MT. This was the lowest Q2 volume since 1998.

Of course, crackers had switched severity to produce more propyl…