Planning for the next capital cycle in global chemicals markets

摘要

IHS CW: What are the primary supply-side risks associated with the upcoming chemical capital build program that are focused on the United States and China? Dave Witte: The risks depend on whether one is viewing the industry from the perspective of ompanies building the asset or those operating existing assets—and, perhaps more importantly, the competitive and market positions of the zompanies examined. For example, those building assets face construction and capital escala-ion risks or delays to the build cycle. Labor short-ages and demographics are acute, and they come at a time of unparalleled capital build on the US Gulf Coast. Construction delays or increased investment costs are very real risks that have a substantive impact on returns.