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advantaged
But what does it mean to the global landscape?
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Salt
Caustic
OxyChlor
EDC
HCL
Direct
Chlor EDC
VCM
Chlorine
Ethylene
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
PVC
derivatives,
vinyls go
offshore
.Changing
trade
Generating
caustic soda
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
2007
2012
2017
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Salt
Caustic
OxyChlor
EDC
HCL
Direct
Chlor EDC
VCM
Chlorine
Ethylene
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
PVC
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
2012-2014
180
Projects
386
90
521
10
1500
1500
1500
800
107
550*
1400
1000*
310
300
1,894
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Dow, Shell, NOVA, and Oxy capacity additions shown are CMAI estimates
2016-2020
250*
1000
9,500
11,394
10
ADVANTAGE
ADVANTAGE $150
$150 +
+
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
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11
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
and ethylene
Present: Consolidation, Chlor-alkali integration strategies
integration strategy
Large Vinyls producers populate top tier of chlor-alkali
producers
Chain operating rates depend on global picture
Differentiation not chlor-alkali, it is ethylene
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
13
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
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Who Benefits?
Implications along the Value Chain
Ethylene
Chlorine
EDC
VCM
PVC Resin
Compounding
Fabrication
Mexichem
Pemex
Mexichem, CertainTeed
Specialties
Pemex
PolyOne
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
PVC Converters
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North America
Shale Gas Changing the Industry
Asia
Overcapacity Makes the Market
Europe
Challenges of Technology, Demand, Margins
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
16
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
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profile
High cost
structure
Old technology
in chlor-alkali
Lack of
reinvestment
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
(% AAGR = 07-12/12-22)
2012, IHS Inc. No portion of this presentation may be reproduced, reused, or otherwise distributed in any form without prior written consent.
Regional Realities
North America
Able to make money with shale gas advantage
Reinvesting and expanding
Europe
Lights flickeringexpensive energy
Weak economy keeps Europe from growing, reinvesting
Asia/China
Still the growth engine, but severely overbuilt
Demand growing, but at slower pace
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