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

Asia to remain chemical giant but US shale will bring competition

July 23, 2014 1:00 pm ET

A new IHS Chemical report on global spending for chemical production predicts capacity additions will peak in 2014 at $120 billion and then will...    More

Image

DuPont quarterly sales drop, income rises

July 23, 2014 12:46 pm ET

DuPont Co.'s sales and net income experienced slight changes for the second quarter 2014, as operating earnings dropped to $1.17 per share in the...    More

Image

Celanese to expand production in Brazil

July 23, 2014 11:15 am ET

Celanese Corp., the Irving, Texas-based chemicals and specialty materials company, has announced that it will expand its manufacturing capabilities...    More

Image

Plastics help designers bring home the gold

July 22, 2014 2:15 pm ET

Products with polymer content received multiple gold recognitions in the 2014 International Design Excellence Awards.    More

Image

Munson Machinery expanding assembly, testing operations

July 22, 2014 2:02 pm ET

Munson Machinery Co. Inc. is expanding its headquarters factory by about one-third in Utica, N.Y., where the company makes mixing, blending and size-r...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

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

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

More Events