Daily Chemical Reaction
Hot Patootie – Commodity Chemical Sentiment Turns Positive, Coming Mega-Cycle a Dead Ringer for Love
Key Points:
- US commodity chemical industry profit peaked in 2021, with a YoY drop ahead for the industry in 2022. This view has been a critical negative case against sub-sector investment – we discuss why sentiment is turning positive.
- We highlight pertinent energy, chemical, and other corporate updates (e.g., PPG, LyondellBasell, KPIC, SABIC, ExxonMobil, Ecolab, BASF, & others).
- We note relevant ESG items, ranging from thoughts on Houston CCS to our research titled, Sustainable Fuels – Fields of (Achievable) Dreams. We also highlight our 2H21 Thematic report discussing the Houston CCS project titled Carbon Capture For Houston: ExxonMobil Assembles a Team.
- We discuss numerous other pertinent chemical sector items in this report.
See PDF below for all charts, tables and diagrams