A recent report from Shell Polymers takes a look at how recent market trends will affect production of polyethylene resin.
Highlights from the report include:
• Compounded annual growth (CAGR) of more than 4 percent for high density PE between 2020 and 2025.
• A 40 percent increase in sales of home care products and related goods, as consumer stockpiled those products because of pandemic-related stay-at-home orders.
• A Center for Disease Control and Prevention (CDC) statement that the risk of infection through food packaging or bags is thought to be very low. As a result, packaged food items are considered the most hygienic way of getting food during the pandemic.
The full report is available at https://us.polymers.shell.com/polymers-trends-industry-shifts-affecting-polyethylene-production
Shell Polymers is a unit of Royal Dutch Shell plc. The firm is building a major petrochemicals site near Pittsburgh that's expected to open in 2022.
The complex in Monaca, Pa., will use ethane from shale gas produced in the Marcellus and Utica basins to make around 3.5 billion pounds of PE per year on three production lines. Most of the resin made in Monaca is expected to be sold to customers in North America.