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Exxon and Sabic Hit Milestone for Texas Project
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ExxonMobil JV Mechanically Completes 3 New Production Units
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Executives eye complicated post-COVID business world
Shell is installing a 42 silos to a new petrochemical facility in Monaca, Pa.
Executives from several major plastics and petrochemical firms looked back on 2020 and addressed future challenges March 9 during the online World Petrochemical Conference hosted by IHS Markit. COVID highlighted how essential our products are, said Mark Lashier, president and CEO of Chevron Phillips Chemical Co., a polyethylene maker in The Woodlands, Texas. We had record sales but also had to contend with changing demand patterns.
In the near future, said Lashier, who s retiring from the firm on April 1, the world s growing middle class will drive demand for petrochemicals. That growth then will drive the industry s operating rates, margins and overall investment.