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Preparing for a Changing Petrochemical Supply Landscape

October 10, 2017

With the rapid increase in unconventional hydrocarbons production (e.g., shale oil and gas), North America has a surplus of natural gas, giving the region a significant cost advantage in ethylene production (steam cracking). There are at least four new crackers in the advanced stages of planning in the region. Another 11 or so are under evaluation, and at least nine are under study for, or in the process of, being expanded. If all the new capacity comes online, that would bring a 64 percent increase in North American capacity by 2023.

Spotlight

SONGWON Industrial Group

SONGWON, which was founded in 1965 and is headquartered in Ulsan, South Korea, is a leader in the development, production and supply of additives and specialty chemicals. The second largest manufacturer of polymer stabilizers worldwide, SONGWON Industrial Group operates companies all over the world, offering the combined benefits of a global framework and readily accessible local organizations.

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Preparing for a Changing Petrochemical Supply Landscape