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This year, the new crown pneumonia epidemic has caused profound changes in the macro development trend of the world's chemical industry.
Ethylene America
The trend of supply localization is obvious
Under the influence of the epidemic, the large-scale blockade has a major impact on the security of the global supply chain, causing global industries to shift investment to localized supply.
Many companies are implementing this strategy, including American companies.
Of course, this does not mean that the United States and the Middle East will no longer build large-scale cracking plants and other chemical projects.
Investment has been repeatedly postponed and cancelled
In addition to the localization trend, U.
Thailand's PTTGC has not yet made a final investment decision (FID) for its 1.
A Chevron Phillips Chemical Company spokesperson said: "Like other capital-intensive projects, we are closely monitoring economic development trends and adjusting to maintain the progress of the project.
Dow Chemical's previously planned 600,000-ton/year linear low-density polyethylene (LLDPE) expansion project in Freeport has not yet started.
Peak capacity growth
Obviously, due to a variety of factors, the US ethylene capacity growth has reached its peak.
In the future, as domestic and global demand continues to grow in the United States, excess capacity may be digested again, making room for new capacity.
(Keyword: U.
