Coronavirus and the petrochemicals industry

April 2, 2020

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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.

Spotlight

Air Liquide USA

Air Liquide – present in 80 countries with approximately 68,000 employees – is the world leader in gases, technologies and services for Industry and Health. Air Liquide’s presence in the U.S. dates back to 1916. Today, Air Liquide companies in the U.S. employ more than 20,000 people in over 1,300 locations nationwide, including more than 140 industrial gas plants and multiple regional offices. Additionally, Air Liquide owns and operates a state-of-the-art R&D center, the Delaware Research & Technology Center (DRTC), in Newark. The DRTC is one of Air Liquide’s 9 major R&D centers worldwide.

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Spotlight

Air Liquide USA

Air Liquide – present in 80 countries with approximately 68,000 employees – is the world leader in gases, technologies and services for Industry and Health. Air Liquide’s presence in the U.S. dates back to 1916. Today, Air Liquide companies in the U.S. employ more than 20,000 people in over 1,300 locations nationwide, including more than 140 industrial gas plants and multiple regional offices. Additionally, Air Liquide owns and operates a state-of-the-art R&D center, the Delaware Research & Technology Center (DRTC), in Newark. The DRTC is one of Air Liquide’s 9 major R&D centers worldwide.

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