Daily Chemical Reactions

Teeing Up A Winner – Linde To Notably Benefit From IRA Funding, Issaquena Green Power Will As Well
October 27, 2022
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Linde, Issaquena Green Power, Olin, Shin-Etsu, Orbia, Archaea Energy, Dow, BP, Element Solutions, KBR, Woodside Energy, Unilever, Methanex, Tronox, Sabic, Shell, Lithium Americas, Celanese, Syngenta, BASF, S-Oil, Sekisui Chemical, Adama, SCG Chemicals, Fortescue, TotalEnergies, Murphy USA, Xcel Energy, TechnipFMC, Braskem, Core Lithium, Lummus, Nucor, OQ Chemicals, Whirlpool, Tooka Chemical, Chemours

Daily Chemical Reaction

Teeing Up A Winner – Linde To Notably Benefit From IRA Funding, Issaquena Green Power Will As Well

Key Points:

  • We view industrial gas companies as major beneficiaries of the energy transition and related government funding, and we discuss other compelling global opportunities.
  • The US natural gas export market should remain robust in 2023/24 if not disrupted by a collapse in economic and political incentives, and we maintain a positive outlook.
  • The North American Chlor-alkali market has seen a profit drop in 2H22 relative to 1H22 levels, but its comparative cost advantage to other regions, especially Europe, is high.
  • Despite the significant funding from the IRA and other programs, most private funders want “oven-ready” projects, which limits the path to markets for many new entrants.
  • We discuss Unilever, Whirlpool, and other chemical end-market business updates that support our cautious demand view and show a food and energy inflation scatter chart.

See PDF below for all charts, tables and diagrams

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