More than $200 billion is expected to be invested in the U.S. petrochemical sector as the region becomes an energy exporter, and nearly half of the new projects announced since 2010 are in Texas, an industry trade association told Petrochemical Update.
More than $200 billion is expected to be invested in U.S. petrochemicals as the region becomes an energy exporter, and this unprecedented growth has created a new set of core challenges for the industry to contend with.
Plastics and petrochemicals will take on a more important role than ever in the global economy, and plastic consumption will have a bigger impact on the price of a barrel of oil, according to consultant and guest columnist Harrison Carroll.
A flood of polyethylene is expected to come online as mega projects start up during the second half of 2019 and demands for creative supply chain solutions have never been so important, an industry executive told Petrochemical Update.
As the U.S. becomes the largest energy producer in the world with Texas leading production, it has created the biggest challenge the energy industry has seen in a generation and demands for creative solutions for the supply chain have never been so high, a...