Abstract
The chemical industry is booming, and little in the forecast indicates that the good times will let up anytime soon. That was the key message from the consultants and executives who presented at the IHS Markit World Petrochemical Conference 2018 in Houston last month. Chemical makers are wrapping up tens of billions of dollars of investment in new petrochemical facilities meant to take advantage of cheap feedstocks derived from shale. Normally, such a swell in supply pours cold water on prices and hits the industry’s bottom line. But this time around, the thinking goes, demand is so strong that the world will devour every kilogram of product that firms can crank out. Dave Witte, who heads energy and chemicals consulting at IHS Markit, began his presentation by noting that the chemical industry has enjoyed five years of strong profits and that it was natural for the 1,300 attendees to wonder
Published Version
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