Chemical prices and chemical industry trends

| December 12, 2017

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Chemicals companies that sell petroleum-based products often fell short of these industry averages because lower oil prices led to sharp top-line declines, sometimes in the range of 30 to 40 percent. Only naphtha-based producers benefited from oil price weakness.

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WFS Technologies Ltd

The Internet of Things (IoT) wave is providing direct integration of the physical world into the digital world on a global scale. This is creating a disruptive step-change in the way mankind is organized, from work practices and leisure activities through to how industry is run. At the same time, we face many challenges relating to our environment and it is accepted that we cannot continue using the planet’s resources in the way we have been doing since the previous industrial revolution.

OTHER ARTICLES

Pandemic’s third wave seems unlikely to damage global petrochemicals demand

Article | July 22, 2021

Petrochemical stocks plunged worldwide on 19 July ahead of the Q2 earnings season. The declines were consistent with those in economically sensitive sectors such as steel, copper, automotive and housing,” wrote my ICIS colleague, Joseph Chang, in this Insight article.

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Euric unveils Waste & chemicals brochure

Article | February 11, 2020

Recyclers have developed state-of-art separation techniques to safely treat a wide diversity of waste streams and recover valuable materials, hence directly contributing to the circular economy. The Brochure published by Euric on ‘Sound Management of Waste & Chemicals Requirements’ highlights the main issues derived from the lack of interface between chemicals, product and waste legislation, and identifies simple solutions to boost the transition towards a more circular economy. Christer Forsgren, Chair of the Euric’s Waste & Chemicals Task Force, Environmental & Technical Director at Stena Metall AB (Sweden), and Adjunct Professor in Industrial Material Recycling at Chalmers Technical University in Gothenburg, emphasized the key role that Europe’s recycling industry plays by reducing Europe’s dependency on primary materials and by saving massive amounts of CO2 and energy.

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More data show how far we still have to go to solve the climate and plastic waste crises

Article | June 27, 2021

SEE THE END section of this blog post for a dystopian version of our environmental future. In a follow-up post – which I will publish on Thursday, 1 July – I will offer some suggestions about how we can avoid an outcome that nobody of course wants.Both posts are meant to be provocative, challenging and controversial because only through debate, and sometimes outright argument, will we get to the answers. If you disagree after either or both posts have been published, great, that would be good. In fact, I would love to hear from you whatever your views at john.richardson@icis.com. The petrochemicals industry can do this; we can fix this if we create the right forums for ideas and then solutions. Let me provide the background first. Let me start by examining developments in the refinery industry and the implications for petrochemicals as important background. Then I will look at a sample of ICIS petrochemicals demand growth forecasts for 2020-2040. I will conclude by providing the bleakest of bleak outcomes for the world in 2025

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Coronavirus and the petrochemicals industry

Article | April 2, 2020

The coronavirus outbreak has touched virtually every aspect of modern life. For the petrochemicals industry, the landscape is shifting at an alarming pace. Only one thing seems certain: the coming decade will be shaped by this crisis. Consumer behaviour, investment decisions, the corporate landscape and even the path of globalisation will be influenced by its effects. Two immediate major shockwaves are linked to economic activity and feedstock pricing. The global economy is heading for recession. Our thinking has moved from an economic slowdown to a deep global recession, with the potential for a slow recovery. This has dramatic implications for the industry.

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Spotlight

WFS Technologies Ltd

The Internet of Things (IoT) wave is providing direct integration of the physical world into the digital world on a global scale. This is creating a disruptive step-change in the way mankind is organized, from work practices and leisure activities through to how industry is run. At the same time, we face many challenges relating to our environment and it is accepted that we cannot continue using the planet’s resources in the way we have been doing since the previous industrial revolution.

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