Climate change and plastics waste are two major forces impacting the energy, natural resources, and chemicals value chains. The COVID-19 pandemic has set back the sustainability agenda but longer term, the chemicals industry is committed to the transition to a circular economy. Join us in Chemical Executive Conversations with business leaders from Indorama and SABIC as they address these critical issues. Register for complimentary access
Global soda ash consumption is forecast to drop in 2020 as demand for flat and container glass applications –the most important end-user segments— remains weak. However, demand from other important end-user sectors such as soap & detergents remains stable, and sodium bicarbonate demand is forecast to grow 2% in 2020.
Demand for polyurethane insulation foams (rigid and spray) in the construction industry is driving up demand for MDI in Europe and North America, says James Elliott, associate director /polyurethanes at IHS Markit.
Leaders from top crop protection companies are meeting at Agrow’s Crop Science Forum on November 4th to discuss market developments and trends. Among the issues they will address are the farming outlook; disruptions caused by Covid-19; industry moves towards sustainability as well as digital farming.
Peter Huntsman, CEO, Huntsman and Lori Ryerkerk, CEO, Celanese will share their insights on how each company is weathering the Covid-19 and economic crisis, and what companies are doing to prepare for recovery that will bring on significant changes in the global economy and consumer behaviour. Register to listen Chemical Executive Conversations by IHS Markit.
Bob Patel, CEO, LyondellBasell will explore strategic issues that leaders will have to navigate as the chemical industry shifts from day-to-day operational and risk management, to planning for market recovery. Join the conversation in the first of the Chemical Executive Conversations by IHS Markit.
A boost in residential demand and lower LPG output from regional refineries is expected to drive up Latin America’s LPG imports this year despite a contraction of the region’s economies, Adrian Calcaneo, Director, midstream, and liquids said at the Latin American Petrochemical Summit session of IHS Markit’s live WPC Online Forum, earlier this year.
The world could retreat into increased isolationism as global solutions and organizations struggle in the battle against global challenges and nations face inwards, says Carlos Pascual, senior vice president/global energy & international affairs at IHS Markit, in his speech at WPC 2020 Online. “We are likely to see in the near-future a retreat to isolationism. That isolationism will have an impact throughout international institutions,” Pascual says.
Global energy markets are on the cusp of change as companies under pressure from diminishing returns, shareholder climate resolutions, and demand destruction is forced to adapt
The para-xylene (p-xylene) business has changed dramatically in the past year, with almost record-high margins turning sharply negative during the period, particularly in Asia. This has been caused by a slowdown in p-xylene demand growth linked to a weaker downstream polyester industry, and large p-xylene capacity additions in China in 2019, according to Duncan Clark, vice president/aromatics and fibers at IHS Markit.
The ability of petrochemical companies to raise funding is increasingly becoming tied to environmental, social, and governance (ESG) frameworks and reporting mechanisms. As these become the norm, companies must work together to develop sector-specific metrics, says Kevin Roy, vice president/research, and analysis at IHS Markit.
The standardization of plant design could deliver projects faster, and therefore at a lower cost, says David Gaertner, vice president/global petrochemical business at Schneider Electric. The adoption of standardization could enhance the positive impact modularization, and digital tools are already having on efficiencies and lowering capital costs.
ldquo;In light of developing circumstances, we regret to announce that it is necessary to cancel The World Petrochemical Conference 2020 scheduled to take place in New Orleans, on 24–27 March,” the company says in a statement on the WPC event website.
As waste management and sustainability issues take center stage in the policy debate, the spotlight is on the petrochemical and plastics industry, and the industry’s social license to operate. Stakeholders are collaborating and stepping up their efforts. They are supporting initiatives that improving waste collection value chains and reduce plastic leaking into the environment, as well as R&D activities developing more scalable recycling routes.
July 15 - 17, 2020
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October 15, 2020
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