Daily Chemical Reactions

Firm (High-Capacity Factor) Power Sources Will Gain More Attention as Challenges With Intermittent Ones Rise    
October 17, 2023
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Issaquena Green Power, LyondellBasell, Phillips 66, Albemarle, Liontown, Umicore, Wanhua Chemical, Rock Tech, Adama, BASF, RWE, Statcraft, Aker Horizons, Osaka Soda, Sibur, Syngenta, Lonza, Aramco, Vitol, Chevron, PetroChina, Celanese, Covestro, Evonik, Shell, Heliogen, Greenlines Technology, Svante, TotalEnergies, Rio Tinto, Vertex Energy, Newmont, BYD, Lucid Motors, Citroen, Tesla, Ford, General Mills, Walmart

Daily Chemical Reaction

Firm (High-Capacity Factor) Power Sources Will Gain More Attention as Challenges With Intermittent Ones Rise

Key Points

  • Most long-term clean energy targets overly rely on intermittent power sources relative to firm (high-capacity factor) options and fail to appreciate likely delays with required grid upgrades.
  • Today, we will attend the GridFWD conference, where we plan to meet with grid developers, utilities, and power off-takers, focusing on hydropower and the US build-out of energy resources.
  • Rising financing costs and risks with intermittent power sources relying on overseas supply chains, notably in China, will likely prove positive for some firmer power options and natural gas.
  • We discuss the Albemarle abandonment of the Liontown deal and Wanhua 3Q results, give a view of regional MDI-to-benzene spreads, and flag YTD weakness in Singapore chemical exports.
  • US retail sales and manufacturing metrics improved in September, but housing metrics remain under pressure, and we highlight other downstream demand indicators worth consideration.

See PDF below for all charts, tables and diagrams

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