Daily Chemical Reactions

The Way Of Water: Avatars May Not Drink, But The Rest Of Us Do – Good for PVC Despite Weak Housing
May 12, 2023
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Westlake, Oxy, Shin-Etsu, Formosa Plastics, Olin, Orbia, Ineos, Shell, Petronas, Borealis, OMV, ADNOC, Nova Chemicals, Braskem, SABIC, ExxonMobil, Chevron Phillips Chemical, Motiva, Aramco, BP, Lonza, Kuraray, Symrise, HIF Global, Johnson Matthey, Honeywell, Nippon Shokubai, Mitsui Chemicals, Mitsubishi Gas Chemical, Kureha, ABC Technologies, Bloom Energy, Toray Industries, CuRE Technology, Aker Carbon Capture, DRAX, Hy Stor Energy

Daily Chemical Reaction

The Way Of Water: Avatars May Not Drink, But The Rest Of Us Do – Good for PVC Despite Weak Housing

Key Points:

  • The housing and construction market is negatively impacting some building materials, and while this may linger through 2023, PVC likely has upside from infrastructure, especially in India.
  • The G7 meeting may get testy over German support for natural gas use, but Germany is dealing with pragmatic analysis rather than idealism – CCS is key to finding a compromise.
  • Abu Dhabi’s interest in chemicals in North America is just one of many examples of offshore companies looking at cheap hydrocarbons. Integrating the potential portfolio would make sense.
  • We note the haves and have-nots in raising capital for energy transition, noting Bloom’s debt deal versus the struggles in the EV space. We also again question the logic of hydrogen hubs.
  • Calls for more local production in Europe (and the US) make some sense, but costs will matter, and reducing import dependence should be secondary to building something economical.

See PDF below for all charts, tables and diagrams

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