Exxon Mobil: North American Petrochemical Industry Highlights Advantages of Raw Materials

ExxonMobil Chemical Co., Ltd. recently stated that the availability of unconventional natural gas liquid products as petrochemical raw materials is increasing, which provides US petrochemical producers, which generally use light raw materials as cracking raw materials, with sufficient price-advantageous raw materials.

In 2010, the advantage of ethane prices made the US ethylene industry chain's profitability visible, stimulating petrochemical producers to further increase the investment in raw material lightening and at the same time increase the export competitiveness of petrochemical products. The current strong characteristics of the petrochemical market in the United States are completely different from those of the traditional view a few years ago. At that time, the general view in the industry was that the petrochemical products in the United States would decline, the cracked raw materials would be re-forged, and the United States would become a net importer of petrochemical products.

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