HP Impact: Polyethylene market recovering from glut
According to Jeff Lipton, CEO of Nova Chemicals, the industry has been under siege over the past decade. During the 1990s, the petrochemical industry constructed more capacity than needed. Unfortunate..
According to Jeff Lipton, CEO of Nova Chemicals, the industry has been under siege over the past decade.
During the 1990s, the petrochemical industry constructed more capacity than needed. Unfortunately, the poor global economy slowed product demand in North America. Higher feedstock costs were layered on top of slow demand for goods, thus exacerbating the entire economic situation.
The Middle East continues its capacity expansion, with all products gated for export markets. So, what is the outlook for this industry? The ailments of the petrochemical industry are not high feedstock prices, excess capacity and energy problems. These conditions can be overcome by skillfully balancing suppl
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