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

Nova expanding PE research center

August 26, 2014 1:36 pm ET

Nova Chemicals Corp. has broken ground on an expansion of its polyethylene research center in Calgary, Alberta.    More

Image

Lakeland Mold changes name to Avantech to reflect changing business

August 26, 2014 11:53 am ET

Lakeland Mold Co., which makes cast and machined aluminum tooling for the rotational molding industry, is evolving and has changed its name to...    More

Image

Sinopec licenses PP technology to USA, posts half-year results

August 26, 2014 11:46 am ET

China's state-owned petrochemical giant Sinopec Corp. said it is licensing polypropylene polymerization technology to a U.S. plant for the first time ...    More

Image

Haitian to start assembly of injection presses in India

August 25, 2014 2:59 pm ET

Chinese press maker Haitian International Holdings Ltd. plans to expand its operation in India.    More

Image

Japan's DIC planning PPS compounding plant in China

August 25, 2014 1:28 pm ET

Japanese materials firm DIC Corp. plans to open its first polyphenylene sulfide (PPS) compounding plant in China by the end of 2015.    More

Market Reports

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

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

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

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

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

More Events