As the U.S. economic expansion nears the longest in history, other countries' economies are slowing and trade battles are expected to hit the hardest just as major new U.S. capacity is...
Rapidly growing U.S. ethylene production and investment in new derivative capacity has increased the number of ports exporting plastics and opened new markets for U.S. producers, ClipperData told Petrochemical Update.
Port Houston is the first port to participate in a pilot program led by IBM and Danish shipper Maersk which aims to commercialize blockchain technology in the global oil, gas and petrochemical supply chain.
U.S. plastics are largely exported through Texas, but as export capacity is rapidly growing; exporters, processors, warehouse and distribution companies are looking for ways to diversify the supply chain and mitigate risk.
US supply chain groups are planning at least $155 billion in capital investments and nearly 80% of that spending will take place in the US Gulf, where chemical exports have already begun to soar, according to industry trade associations.
Ports must step up to influence supply chain efficiency as the US becomes a top petrochemical exporter in the global markets, a supply chain expert told Petrochemical Update.
Availability of empty containers on the U.S. Gulf Coast is a top concern for petrochemical producers that plan to grow their exports in the next few years and the solution will involve ports, trucking and rail working together, an analyst told Petrochemical...
Growing oil and petrochemical exports from the U.S. Gulf and an intensified shortage of container availability have triggered the use of the first cohesive automated network between port, trucking and cargo shipper in Houston, executives told Petrochemical...
