U.S. exports of ethane and associated petrochemicals grow, reach new markets (6/16/2021)

By January 1, 1970Market

We forecast U.S. ethane exports to reach record highs in 2021, extending the trend of consistently rising exports of ethane and associated ethylene and ethylene derivatives since 2014. As one of only two countries with substantial ethane production capacity and export capability, the United States is positioned as both the largest global ethane consumer and exporter. The ability to produce ethane at low cost relative to other feedstocks used in the petrochemical industry has provided U.S. petrochemical manufacturers with a competitive advantage on the international market, allowing exports of products derived from ethane to grow. International chemical manufacturers are increasing their imports of ethane from the United States to take advantage of this low-cost feedstock. …We forecast U.S. ethane exports to reach record highs in 2021, extending the trend of consistently rising exports of ethane and associated ethylene and ethylene derivatives since 2014. As one of only two countries with substantial ethane production capacity and export capability, the United States is positioned as both the largest global ethane consumer and exporter. The ability to produce ethane at low cost relative to other feedstocks used in the petrochemical industry has provided U.S. petrochemical manufacturers with a competitive advantage on the international market, allowing exports of products derived from ethane to grow. International chemical manufacturers are increasing their imports of ethane from the United States to take advantage of this low-cost feedstock. …EIA: This Week in Petroleum

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