Chemicals could face L-shaped recovery, rapid shift from oil to renewables
ICIS - chemical podcasts
English - June 22, 2020 00:00 - 33 minutes - 22.7 MBBusiness chemicals prices business polymer trade Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The chemical sector faces the possibility of an L-shaped recovery as depression-like conditions persist for several years, with a rapid shift from oil to renewable energy also impacting the industry dynamics.
- Quick shift to electric vehicles
- Can expect a shift back towards long-term oil price of $24/bbl
- Energy mix will move quickly to renewables
- L-shaped recovery a possibility
- Rapid shift from oil to renewable energy has implications for chemicals
- China’s shift to paraxylene (PX) self-sufficiency affects projects elsewhere
- Chemical companies hit by rise of cyber-crime during pandemic