U.S. shale-gas boom offers opportunities for Latin America

By Stephen Downer
Correspondent

Published: October 17, 2012 6:00 am ET

Related to this story

Topics Materials, Suppliers

GUANAJUATO, MEXICO (Oct. 17, 12:20 p.m. ET) — The shale-gas boom in the United States will add enough ethane/propane to expand light olefin and derivative production in the 2014-16 time period by between 6 billion and 10 billion pounds and offer processors from Mexico to Patagonia unrivaled business growth opportunities, according to a leading authority on the subject.

“It’s being forecast that the United States will once again become an important supplier of polyethylene to the rest of the world, especially Mexico,” Rina Quijada, chief executive of Houston-based IntelliChem Inc, which provides market intelligence for the petrochemical and plastics industries in Latin America, told a plastics industry conference in late September.

“Technically,” she said, “shale gas can be developed profitably today. Estimated reserves in the U.S. are 750 trillion cubic feet.”

Latin America’s ongoing economic growth will mean greater demand in the region for finished goods, including containers, film and plastic parts for the automotive industry, she said in a Spanish-language presentation. “This will continue from 2012 through 2017.”

Referring to the Brazilian, Mexican and Argentine automotive industries in particular, she added that the content of plastics in light vehicles will keep increasing while the region will continue to import many of its resins.

“From Mexico to Patagonia, regional producers will be much more proactive in their search for more diverse and competitive supply sources. Commercial business opportunities will increase,” she said.

Quijada was a speaker at the annual convention of the Mexican plastics industry association Anipac (Asociación Nacional de Industrias del Plástico AC), held in Guanajuato.


Comments

U.S. shale-gas boom offers opportunities for Latin America

By Stephen Downer
Correspondent

Published: October 17, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Minnesota receives grant to help develop new bioplastics

September 17, 2014 4:08 pm ET

The University of Minnesota has received a $20 million grant to fund the development of new types of bioplastics.    More

Image

China's Polymax Elastomer launches U.S. production in Illinois

September 17, 2014 3:35 pm ET

Chinese materials maker Polymax Elastomer Technology Co. Ltd. has opened a North American production site and headquarters in Waukegan, Ill.    More

Image

PolyOne helps nonprofit get water purification to more places in need

September 17, 2014 1:59 pm ET

Resin giant PolyOne Corp. is teaming up with WaterStep, a non-profit water purification agency, to help the group assist a greater number of disaster ...    More

Image

ACI expanding in South Carolina

September 17, 2014 12:56 pm ET

Reprocessor and recycler ACI Plastics Inc. is expanding in South Carolina.    More

Image

Symphony Environmental defends biodegradable plastics in recycling stream

September 17, 2014 11:47 am ET

Symphony Environmental Technologies plc, one of the world's largest oxo-biodegradable technology companies, has responded to a leading Mexican recycle...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events