Daily Chemical Reactions

Staring At The Sun – Firm (High-Capacity Factor) Power Sources Need More Attention To Reach Net Zero!
March 9, 2023
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Invista, Enterprise Products, Dow, LyondellBasell, ExxonMobil, Arlanxeo, Covestro, Nova Chemicals, Baker Hughes, Constellation Energy Co., EverWind, Aker Carbon Capture, Palantir, Plug Power, Evonik, Sabic, Coolbrook, Sempra, Technip, Zachry, Shell, BASF, Berry Plastics, Sulzer, HIF, Eni, Marathon Petroleum, 1PointFive, Repsol, LSI Industries, Eastman, Element Solutions, Silfab Solar, Strategic Biofuels, Pemex, Issaquena Green Power, Tesla

Daily Chemical Reaction

Staring At The Sun – Firm (High-Capacity Factor) Power Sources Need More Attention To Reach Net Zero!

Key Points:

  • Most views call for intermittent CO2-free energy sources, such as solar and wind, to lead the charge to net zero. Firm CO2-free power sources are not getting as much focus – this is an issue.
  • We discuss US refinery operating rates and domestic gasoline price trends. We also illustrate domestic refinery profitability in 1Q23 reflects levels well above the five-year range before 2022.
  • We highlight the notable weakness in North American chemical rail traffic YTD, led by declines in the US, and discuss polymer-grade relative to refinery-grade propylene price trends.
  • We discuss numerous corporate announcements in the renewables/clean energy sector alongside CERAWeek and display growth views in China Wind power and other related areas.
  • We show the ifo Institute’s view of German auto manufacturers and small-business operator sentiment. We highlight economic data and indicator postings from around the global mid-week.

See PDF below for all charts, tables and diagrams

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