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US policies may have lasting effects in sectors such as energy, that rely on predictable rules and long-term planning
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A petchems facility in Louisiana
Markets US EU Canada Russia
Lee Nichols,
Vice-president, content,
Gulf Energy Information
20 November 2023
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Petchems Report: US a petchems hotbed while Europe struggles

Low-cost ethane has made the US a premier destination for petchems investments, while in Europe the industry faces economic headwinds

The US has added a significant amount of new petrochemical production capacity since the shale gas boom. Cheap, abundant ethane has enabled producers to increase margins versus other naphtha-based crackers. This has turned the US into a hotbed destination for new petrochemical plant investments. However, the days of large-scale ethane cracker investments are nearing their end. The only two major ethylene and derivative complexes under development in the US are the 2mt/yr petrochemical complex project being developed by Golden Triangle—a joint venture between Chevron Phillips Chemical and QatarEnergy—and PTTGC’s Ohio cracker project. PTTGC announced in September 2023 that it still supported t

Also in this section
Trump creates new risk dynamic
13 June 2025
US policies may have lasting effects in sectors such as energy, that rely on predictable rules and long-term planning
Saudi Arabia and Russia pull OPEC+ in different directions
13 June 2025
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
Energy NL upbeat on Newfoundland despite industry doubts
13 June 2025
CEO argues the upstream potential remains huge as analysts question future oil production for Canadian province’s offshore industry
Iraq seeks alternatives to Iranian gas
13 June 2025
The country is facing energy shortfalls this summer amid reduced Iranian gas imports and difficulties leasing an FSRU

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