Daily Chemical Reactions

It Sounds Corny: Energy & Materials Could Support The Crop Markets Long-term, For Better Or Worse.
April 25, 2023
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Dow, Ineos, Reliance, Evonik, AkzoNobel, Sherwin-Williams, Petronas, ADM, Bunge, Adama, Neo Performance Materials, NextChem, OQ Chemicals, Chemours, KBR, Syngenta, Biotalys, Vopak, Perstorp, Indorama, Nan Ya, Posco, Lynas, Mitsui, TotalEnergies, Covestro, RadiciGroup, CF Industries, NextEra, Stepan, Hexcel, Sipchem, Braskem, Gurit, Cleveland-Cliffs, Halliburton

Daily Chemical Reaction

It Sounds Corny: Energy & Materials Could Support The Crop Markets Long-term, For Better Or Worse.

Key Points:

  • Using bio-based inputs, such as corn, in fuels and materials can cost more than conventional methods, lack scalability, and not be inherently green considering the entire production chain.
  • Some LNG projects struggle with financing as borrowing rates rise, and buyers would rather not commit to 15-year offtakes – majors with deeper pockets should dominate from here.
  • Dow and other quarterly releases show the benefit of lower feedstocks in the US, the headwinds of demand in Europe, and uncertainty and not much enthusiasm for the near term.
  • We note another significant energy transition win for Linde, with Dow, and Dow’s support for Mura Technologies in recycling. Also, the Supreme Court raises litigation costs for oil companies.
  • Supply chains have eased based on data and company reports – does this mean increased exports from China? Is there enough consumer demand in the West to take more?

See PDF below for all charts, tables and diagrams


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