Senior Partner & Managing Director
Energy refineries and distributors face some of the biggest challenges they’ve seen in decades.
Headlines may focus on volatile energy prices, but downstream companies face a host of other risks. Topping the list are ongoing developments in industry restructuring, deregulation, and corporate consolidation. What’s needed to stay competitive is a long-term strategy for improving operational efficiency, reducing costs, and protecting revenues and margins.
Surging US supplies of low-cost natural gas and natural gas liquids are transforming the domestic petrochemical industry. Among the biggest changes is an unprecedented wave of investment: companies and investors have already announced planned capital expenditures in excess of $70 billion by 2020 and $100 billion by 2023. But to fully capitalize on these new opportunities in petrochemicals, companies must develop new strategies for the US market.
—Seizing the Opportunity in U.S. Petrochemicals