IHS Chemical Week

Chemical Week Magazine :: Viewpoint

Shale Advantage

10:24 AM MDT | April 1, 2011

Chevron Phillips Chemical (CP Chem) is first to throw its U.S. cracker feasibility study in the ring ( p. 9). The surge in U.S. gas production has increased supply and reduced the cost of natural gas liquids (NGLs) feedstock, restoring the competitive position of U.S. petrochemical producers. There are, however, limits to how much ethylene and derivatives can be absorbed in a mature market such as the U.S. Several producers have restarted idled production or are evaluating lower-cost debottlenecks to stretch capacity. Those investments will be more than enough to...

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