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Kelly Cui, Olefins Senior Consultant, discusses China’s aspiration to switch gears from being the world’s leading importer of olefins to becoming self-sufficient via CTO/MTO.
Following the recent news about the acquisition of Jurong Aromatics Corporation, Steve Jenkins looks at how things will play out in the aromatics sector going forward.
After our 4th Americas Chemical Conference in Houston, Steve Zinger shares his thoughts on the conference and discusses some of the hot topics in the chemicals industry.
ExxonMobil acquired Jurong Aromatics in May 2017, strengthen its aromatics supply position in south east Asia.
Steve Zinger discusses the five market changes which are set to make waves in the global petchems markets.
PETRONAS operates the Block 1 offshore PSC in the Turkmen sector of the Caspian Sea. The contract includes five oil and gas-condensate fields. Block 1 reserves and resources are mainly gas, centred on the Magtymguly field. In 2025, average sales production is approximately 90,000 boe/d. About 80% is gas and the remainder liquids (oil and condensate). First oil and gas were respectively in 2006 and…
The Wood Mackenzie team attended the Asia Petrochemical Industry Conference in Bangkok from 15-16 May 2025. In this insight, we've highlighted key takeaways identified through discussions with various stakeholders in the chemicals industry. Wood Mackenzie analysts Arthur Luo, Su Jie and Chris Liu presented at the Synthetic fiber raw materials, Styrenics and Polyolefins Committee Meetings on Day 2…
Principal Economist Peter Martin’s 2000-word report “Global spread of Covid-19 derailing the world economy” examines the impact of coronavirus on the world economy. Get the highlights of Peter’s research here or purchase the full report for a more in-depth discussion.
Wood Mackenzie recently contributed to a landmark study by the Minderoo Foundation, The Plastic Waste Makers Index: Revealing the source of the single-use plastics crisis. By following the materials and the money involved, we wanted to track the production of the polymers destined for single-use plastics, assess how much ends up as waste and explore the future of the industry.
The invasion of Ukraine has had an immediate effect on the global economy and markets. What are the lasting implications for commodities?
In 2021 our global analysts created an outstanding body of research, putting a unique angle on everything from Covid-19 and COP26 through the recovery of commodity markets and rising geopolitical risk.
How can the industry prepare for the cycle, and which polypropylene producers are best placed to withstand the market’s peaks and troughs?
We are at an unprecedented point in time where the entire commodity petrochemicals industry is in a downturn. Where do we expect chemical margins to end up this year and what can producers do to tide through the downturn?
With ethylene producers facing multiple headwinds, we benchmark facilities to see which plants are under threat
Major players are best placed to form partnerships across industries and bridge the yawning supply gap.
Our view of the year ahead, including the impact of Trump's re-election on our oil price forecast, a look at refining margins, ethylene capacity and China's overcapacity affects downstream chemicals markets.
While most oil majors and NOCs are focusing on strengthening their petrochemical integration, BP is divesting petrochemical assets to INEOS in a US$5 billion deal.
In 2019, the total ethylene capacity from CTO/MTO units reached 5.21 million tonnes per annum (Mtpa), accounting for 21% of China’s total ethylene capacity. However, CTO and MTO development has slowed due to high methanol prices and environmental controls, as well as the threat from a new wave of steam cracker investment in China.
Are outdated regulations holding back CCUS? Hear top legal and economic experts break down the barriers to scaling carbon capture in the US.
Philadelphia Energy Solutions has announced its intention to shut down refinery operations permanently following a fire at the facility on June 21, 2019. Understand the impact of the closure of the 600,000-tonnes-per-year cumene unit at the site on global and US cumene markets.
Following a major fire at Alpek's Altamira Mexico PTA plant, which broke out on Sunday 15th July, PCI Wood Mackenzie Head of PET, Phil Marshall, said:
The global pandemic sent a shockwave through the plastic recycling industry. The impact of lockdown, industry closures and sudden shifts in product demand can be felt in every part of the recycling chain. What will the picture look like as the clouds begin to lift?
A solar slowdown, relief for OPEC+, the rise of blue hydrogen, and other trends to watch out for in the year ahead
The EU Commission proposed a carbon border adjustment mechanism (CBAM) as part of today’s “Fit for 55” package. James Whiteside, global head of multi-commodity research at Wood Mackenzie, said: “As the first mechanism of its kind, the CBAM is being designed in consultation with industry to avoid unintended consequences. “A CBAM that does not cover a substantial portion of the production chain will encourage carbon leakage - pushing emissions beyond the borders of the EU or shifting competition between EU and non-EU producers to the next stage of the value chain.”
The recent PET 2020 conference in Brussels brought the industry together to reflect on how Europe's PET recycling model has become a benchmark in the wider market.
Steve Jenkins, vice president of Wood Mackenzie’s petrochemicals team, comments on this morning’s announcement from BP that it is selling its petrochemicals business to INEOS in a US$5 billion deal.
What's in store for global polyolefins and olefins markets in 2019?
Australia’s upstream sector was set for a bumper year in 2020. We expected a ramp-up of LNG supply, billions of dollars of new upstream investment, and plentiful growth opportunities via exploration and M&A. But everything changed. The double impact of the coronavirus and the oil price crash has swept through the industry. Upstream operators are in a fight for survival. Join Wood Mackenzie's Australasian team for a live webinar discussing what happens next and why, including: • How the investment outlook has changed • The big reset of pre-FID project timelines, and what it all means • Do low prices present an M&A opportunity? Presenters: Adele Long – Senior Research Manager Daniel Toleman – Senior Research Analyst David Low – Senior Research Analyst
The AI revolution is changing the US power landscape
Understand the commercial and strategic drivers of polyamide supply/demand, price & volume forecasts, and leading market trends for both intermediates, polymers, and its applications.
Understand the landscape for manmade and natural fibres and explore how different fibre types can be used to meet global needs.
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