Daily Chemical Reactions

CERA-Nara – Energy & Chemical Value Chain Benefits On Display, Strategic Integration Inevitable Over Time
March 10, 2023
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Navigator Holdings, Enterprise Products, Ineos, LyondellBasell, Grenergy, Eastman, Dow, X-Energy, Covestro, ExxonMobil, Tree Energy, HIF Global, Eni, Oriental Energy, SK Materials, 8 Rivers, S-Oil, NuScale, Scale Microgrid, Sorcia Minerals, Freeport LNG, Shell, SSE Thermal, TotalEnergies, Chevron, JERA, CNOOC, BP, Cargill, Kronos, Superior Drilling, Bechtel, GAF Energy, Nabaltec, Trinity Industries

Daily Chemical Reaction

CERA-Nara – Energy & Chemical Value Chain Benefits On Display, Strategic Integration Inevitable Over Time

Key Points:

  • We depart from our CERAWeek meetings with greater confidence that energy and chemical sector strategic ties will strengthen as value-chain integration benefits increase this decade.
  • Navigator Holdings and Enterprise Products will expand their US ethylene export capabilities – though this is not a “new” development, we discuss why market fundamentals support it.
  • US spot polymer-grade propylene prices have surged in 1Q23 amid production issues, spurring derivative price hikes – a plus for integrated producers, but negative for non-integrated buyers.
  • We discuss the BP view of emission reductions coming from ICE fuel efficiency relative to EVs, and we highlight why Western critical mineral product security remains an important issue.
  • Global housing market demand headwinds remain stiff among those needing a mortgage, and we show the impact of higher mortgage rates on affordability and impacts to luxury markets.

See PDF below for all charts, tables and diagrams


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