The American Gas Association (AGA) and the Massachusetts Institute of Technology (MIT) this month issued contrasting pictures of the future of natural gas as a major U.S. fuel source.
Articles from Feedstock
Mexico’s energy reforms, in combination with the expansion of the Panama Canal, have reconfigured the fortunes for liquefied petroleum gas (LPG), according to an analysis by IHS Markit.
Global ethylene demand will grow by about 90 million tons (60%) over the next 15 years, and “the U.S. Gulf Coast is in pole position for this feedstock-driven capacity growth,” the CEO of a logistics provider to the chemical industry told a Houston audience Wednesday.
The U.S. plastics industry is expected to grow rapidly over the next decade, fueled by cheap and abundant shale natural gas that’s made it more competitive with overseas markets, according to a report by economists at the American Chemistry Council (ACC).
In an industry in which low-cost feedstock is key, North Dakota’s wealth of natural gas liquids (NGL) makes the state a natural candidate for the development of downstream opportunities in the chemicals industry and all of its offshoots, a researcher/consultant said Wednesday at the Williston Basin Petroleum Conference in Bismarck, ND. Ultimately, the model is to do what Alberta, Canada did two decades ago and bring in global partners already in the chemical business.
U.S. manufacturers of ammonia-based nitrogen fertilizer made with low cost natural gas feedstock are raking in profits and moving ahead with plans to expand domestic operations.
Stagnant natural gas production levels, which could fall into a decline before the year’s out, and an increase in gas demand for power generation and as a feedstock could spark a price rebound in 2013 as the supply-demand balance returns to equilibrium, according to Stephen Smith of Stephen Smith Energy Associates.
A Rockies producer had a pithy description of the current gas market: “It stinks!” Industrial firms that use gas as a feedstock and almost everyone enjoying lower gas bills might disagree, but it’s likely that many others in the gas industry also would prefer a sweeter-smelling market.
Just one day after Dow Chemical Corp. reported product price hikes due to higher commodity, feedstock and transportation costs, Huntsman Corp. followed suit on Thursday announcing it will raise prices for all products, some by as much as 25%, and also impose an energy surcharge across a wide range of products.