SUGAR LAND, TEXAS--May 22, 2018--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Oil & Gas producers continue to be vexed by low prices for natural gas and natural gas liquids (NGLs), but chemical processors are welcoming the abundance of low-cost feedstocks for their products. Flat and stable prices for natural gas and NGLs are giving U.S. and Canadian chemical processors a competitive advantage over rivals who use naphtha for their feedstock. At current prices of about $70 per barrel, crude oil is about 24 times the price of natural gas on a BTU-equivalent basis.
Within this article: Overview of the Chemical Processing Industry in the U.S. and Canada.
(All Fields Required)
Site-wide Scheduled Maintenance for September 27, 2025 from 12 P.M. to 6 P.M. CDT. Expect intermittent web site availability during this time period.
×