December 2003

Trends and Resources

HP Impact: Production activity rising in many global chemical regions

In August, global activity chemicalbusinesses rose 1.4%, says a report from the American ChemistryCouncil. During August, the latest month for which statistics havebeen analyzed, activity rose in most..

Weirauch, Wendy, Hydrocarbon Processing Staff

In August, global activity chemical businesses rose 1.4%, says a report from the American Chemistry Council. During August, the latest month for which statistics have been analyzed, activity rose in most nations and regions. “An improving global economy and end-use markets initiated a positive impulse. Inventory restocking was an additional factor in some areas. For example, production rose in the United States,” according to ACC. The data suggest that the downturn in global activity from higher oil prices and the subsequent downdraft in global economic activity, as well as downstream customer industry de-stocking, has largely played itself out (Fig. 3). “A bo

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