Aug 24, 2017 13:04

90% of petrochemical players believe a second wave of investment is imminent: Poll

Nine out of 10 petrochemical players believe there will be a second wave of investment in downstream projects, but most believe it will be smaller and slower than the first wave, according to a Petrochemical Update poll.

The poll, given to delegates at Petrochemical Update’s Downstream Engineering, Construction and Maintenance Conference in New Orleans in June, found that 46% of those polled believe the second wave will be less than half the size of the first wave.

But 26% of those respondents believe the second wave will be at least 75% the size of the first wave or bigger, and 22% believe a second wave would be the same magnitude as the first wave.

“We do think a second wave is coming. We don’t think it will be as large as the first one,” Dow’s Commercial Director of U.S. Olefins Manav Lahoti said, while speaking in a panel at the Conference. “We are still optimistic about the U.S. feedstock positio

Source: Petrochemical Update