if its bad for soros....it wont fly..
if its good for soros...its a done deal.
This is the company that makes JM Eagle PVC pipe.
They are crooks.
Petro Ping.
This will bring the Green Mafia out of there squalid holes.
Lots of expansion in the petrochem side around the Gulf Coast, particularly ethane cracker related.
Related:
Moody’s: North American ethylene producers to retain edge through 2016 despite low oil prices
https://www.moodys.com/research/Moodys-North-American-ethylene-producers-to-retain-edge-through-2016—PR_333704
01 Sep 2015
Despite falling oil prices, North American ethylene producers that use natural gas liquids will hold the advantage of cheaper feedstock over producers in Europe, Asia and South America that use naphtha through at least the end of 2016, says Moody’s Investors Service.
“Although low oil prices are reducing naphtha costs for producers in Europe, Asia and South America and are creating competitive pressures for North American peers, North American exports of downstream plastics and chemicals remain profitable and operating rates will stay high,” says John Rogers, a Moody’s Senior Vice President.
The report, “North American Chemicals: Ethylene Producers Keep Competitive Advantage in 2016 Despite Lower Oil Prices,” notes that outages at several ethylene and polyethylene plants in North America kept supply tighter than anticipated in the first half of 2015, limiting margin declines. Moody’s expects that margins for North American ethylene producers will remain stronger than historical averages.
However, seven major petrochemical plants under construction today will likely come on stream by 2018, despite an implied reduction in investment returns. Projects include Chevron Phililips’ new Cedar Bayou, Texas facility and a new ExxonMobil Chemical facility.
“Whether North American producers’ price advantage will be good enough to justify the second wave of ethylene projects now in planning is uncertain,” adds Ben Nelson, a Moody’s Vice President - Senior Analyst.
People of Formosa Unite! Jobs are being exported from your country to the U.S.
You should put tariffs on all American imports and feel good about sending those tax dollars from your pockets to those great Formosan politicians. I’m sure they will spend it wisely.
Flooding the market almost already saturated with ethylene is going to help matters? Especially a foreign one, with past questionable business practices? I hope it gets shot down.