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

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