Daily Chemical Reactions

How Much Is That Doggie In The Window? More Than a Land Cruiser If You Are Counting Carbon
May 24, 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, Dow, Borealis, Enterprise Products, PPG, Avent, Grupa Azoty, Indian Oil, Nippon Shokubai, Sudarshan Chemical, TotalEnergies, Trinseo, SSE, Shell, ConocoPhillips, Ecovyst, Fortune Minerals, Lummus Technology, Siemens Energy, Li-Cycle, NuScale Power, Bloom Energy, Sulzer, Kohl’s, Lenovo, Micron, Ignis, Thyssenkrupp, Oxy, Braskem, Adnoc, Mitsubishi Chemical, Samsung, Hilton, Deepak Nitrite, Tokuyama, OCI

Daily Chemical Reaction

How Much Is That Doggie In The Window? More Than a Land Cruiser If You Are Counting Carbon

Key Points:

  • Some European chemical producers have seen costs decline YTD relative to others. However, our global market study shows Europe overall in a more difficult spot than the US and Asia.
  • The energy industry desperately needs to put carbon emissions into perspective. We note that a medium-sized pet dog has a larger annual carbon footprint than a typical Toyota Landcruiser.
  • We highlight evidence that Asia, notably China, petrochemical production is increasing, while rail data in North America suggests that most domestic producers are running below nameplate.
  • We discuss the push to blend hydrogen with natural gas, highlight developments at Li-Cycle, and flag multiple items worth considering from the Navigator Holdings 1Q results presentation.
  • German business expectations are falling, China consumer demand is not meeting with most estimates, and headwinds facing US consumers are stiff, suggesting a still rocky economic setting.

See PDF below for all charts, tables and diagrams

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