Canada Petrochemicals 2019
North America's unconventional gas resources will be the key driver for growth in the Canadian petrochemicals industry, which isseeing some revival although not nearly as big as neighbouring US. However, domestic petrochemicals consumption is set to seeonly moderate growth over the next five years while there are concerns over competitiveness and access to the US market, amidPresident Trump's threats to NAFTA. This factor has prompted delays in final investment decisions in the polypropylene sector. In thelong term, the availability of ethane derived from unconventional resources should drive petrochemicals investment. We expectethylene capacity of just under 6mn tpa by 2023 with PE at 4.5mn tpa and propylene at 2.2mn tpa.
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