Walk, Don’t Run – Low Visibility Keeps Sector Growth Capex Constrained, ESG Efforts Mount

Daily Chemical Reaction

Walk, Don’t Run – Low Visibility Keeps Sector Growth Capex Constrained, ESG Efforts Mount

Key Points:

• US petrochemical producers continue to benefit from cost-advantaged feedstock and global product price support. Consumer demand, policy, and cost curve shifts remain wildcards, long-term a mega-cycle is likley.  
• We highlight pertinent energy, chemical, and other corporate updates (e.g., H.B. Fuller, Arlanxeo, Petronas, Schlumberger, BASF, KB Home, & others).
• We discuss relevant ESG items, ranging from WPC presenters preferring carbon markets to a carbon tax, to a few renewable technologies worthy of note. We flag our latest ESG weekly research titled Industry Lobbying Efforts Could Backfire and Feed The Litigators | C-MACC.
• We discuss numerous other pertinent chemical sector items in this report.

See PDF below for all charts, tables and diagrams