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Dow hopes to consider large-scale project investment after Sino-US trade situation is clear

 Last Update: 2022-08-23
 Source: Internet
 Author: User

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Dow wants more clarity on how the trade relationship between the U.
S.
and China will develop before pursuing large chemical mega-projects, its chief executive said on Thursday

"We're far from a mega-project

"Before we start thinking about a large export-based project, I want to see how global trade develops and how the trade relationship between the U.
S.
, China and the rest of the world develops," he said

The United States and China have imposed tariffs on their bulk imports, including many products such as chemicals and plastics

Other disputes between the two countries could manifest through more trade restrictions

The trade climate could cause other chemical companies to hesitate before embarking on any major projects, Fitterling said

"If we're going to have a trade dispute with China for an extended period of time, I think anyone who's looking at a big capex project is going to say, 'Wait a minute, we'd better wait and see how we resolve it from trade,

'" Fitterling said
.

He did not specify which type of plant it was, but he made his comments during a broader discussion on polyethylene (PE)

That said, Dow has been thinking about how the next wave of chemical expansion will take shape once demand picks up and the market tightens
.

"Right now, Dow's silicone business is one of the most attractive areas for investment," Fitterling said
.
These materials are available in different grades of quality and can be used in a variety of products
.

Dow also wants to increase its plastics business, he said
.
About 25% of them are functional products, according to Fitterling
.
These include elastomers and high-end materials
.
This makes them less sensitive to fluctuations in oil prices, so their prices are less volatile
.

Anything Dow can do in polyurethanes will benefit the isocyanates and polyols segment, he said
.
Paints, adhesives and sealants are also attractive
.

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