AMERICAN PETROCHEMICAL INDUSTRY SPIRALS DOWNWARDS AFTER A GILDED DECADE

Highlights:

• The global market is facing an abundant excess of petrochemicals, causing prices to fall and causing an inventory burdening.
• By the end of 2020, ongoing petrochemical projects will add a total of about 11 million metric tons per year of new ethylene capacity.

The cheap, natural gas–derived ethane came from from hydraulically fractured shale forma....