Olefins & Derivatives

Pricing and market forecasts for olefins products

Keep Pace with the Rapidly Changing Global Olefins Market

We are the global chemical industry’s premier source for historical and forecast pricing. We facilitate strategic investment decisions by providing near and long-term olefins market forecasts for Asia, Europe, and North America. The olefins consulting expertise at Chemical Market Analytics provides decades of experience working in these markets and an understanding of the challenges and opportunities within the olefins market, enabling efficient and invaluable interactions with clients.

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Olefins & Derivatives Strategic Insights

 

Plastics Circularity

Chemical recycling is challenged by the high carbon footprint of producing pyrolytic oils and naphtha from plastics, low carbon power will be needed to make this process environmentally credible.

EU Green Deal and Fit for 55

The short-term impact of dual control policy targets for energy consumption by provinces results in plant outages, and longer-term plans include the rationalization of inefficient CDUs and steam crackers.

Mainland China’s action plan for peaking carbon emissions by 2030

The short-term impact of dual control policy targets for energy consumption by provinces results in plant outages, and longer-term plans include the rationalization of inefficient CDUs and steam crackers.

Crude Oil-to-Chemicals (COTC)

Increasing the degree of conversion of a refined oil barrel to chemicals to produce higher yields of propylene, aromatics, and other feedstocks, ultimately elevating petrochemical production to refinery scale.

Cracker Feedslates

The ongoing shift to lighter feedslates in steam crackers reduces the output of coproducts (CC4, propylene, aromatics) and supports investments in on-purpose production capacities.

Gasoline Demand and Mobility

Refinery operations and chemical feedstock production are linked to gasoline demand with future growth driven by changing fuel-efficiency standards, increasing autonomous transportation, electrifying vehicles, and competing with other transportation fuels.

Cost Competitiveness

Regional cost competitiveness and global trade flow are affected by the location of demand centers and low-cost producers with access to advantaged feedstock pricing.

Changing Trade Flows

The drive to more self-sufficiency combined with the impact of supply chain disruptions and trade wars is resulting in more production capacities to be built near demand centers, which is diverting trade flows and ultimately lowering the total traded volumes.

 

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Market Advisory Service (Near-Term Outlook) 

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Chemical Market Analytics delves deep into the olefins market value chain to provide our clients with comprehensive solutions, offering the necessary information and consulting services required at each stage.

PetroChem Wire Reports

PetroChem Wire reports provide daily prices for NGLs, monomers, polymers and covers the entire petrochemical market, including NGLs, ethylene and propylene, olefin and polymers and prime grade and recycled plastics.

Market Advisory Services

Short-term outlook - provide accurate current and near-term market data and analysis for plastic chemicals as well as the raw materials, energy and feedstock.

World Analysis

Long-term outlook - provides long-term chemical market trends and supports strategic planning and business reviews by adding robust operations support with current actionable data and expert analysis.

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Olefins and Derivatives Global Team

Matthew Thoelke

Matthew Thoelke Vice President, EMEA Olefins Chemical Market Analytics by OPIS

Matthew Thoelke is the Vice President for Olefins and Derivatives in Europe, the Middle East, and Africa at Chemical Market Analytics.

Matthew Thoelke is the vice president of the olefins and derivatives team in Europe, the Middle East, and Africa at Chemical Market Analytics. During his time with the company, he has taken a wide variety of roles across a broad range of product areas. With over 25 years of experience, Matthew is a key resource within the business for understanding and insight into the olefins sector of the petrochemical industry.

Within the EMEA region, he works closely with the petrochemical, oil and financial industries, bringing support and guidance throughout the petrochemical chain. His current area of focus includes oversight of the ‘Europe and the Middle East Olefins Report’ and primary input and insight for the ‘World Ethylene and Propylene Analyses.’

His prior experience includes coverage of butadiene and elastomers, for which he remains a globally recognized industry speaker and expert. Whilst in this role, Mathew was responsible for the ‘Global Outlook — Feedstocks, Elastomers Report’ and the ‘World Butadiene Analysis’ and took the lead role in analyzing olefin and derivative markets in support of the long-term planning outlooks in the World Analysis.

Mr. Thoelke has both a Bachelor of Arts and a Master of Arts in Materials Science from Cambridge University, as well as a Diploma in Manufacturing Engineering (ACDMM).

Martin Staley

Martin Staley Executive Director, Global Acrylates & OXO Alcohols Chemical Market Analytics by OPIS

Martin Staley is the Executive Director for the Acrylic Acid and OXO Alcohol value chains at Chemical Market Analytics.

Martin Staley joined Chemical Market Analytics in March 2022 and served as the Research and Analysis Director for the Acrylic Acid and OXO Alcohol value chains, which include Acrylic Acid, the acrylate esters, Butyl acrylate, 2-EH Acrylate, Methyl Acrylate and Ethyl Acrylate and Super Absorbent Polymers (SAP). The closely related chemical, methyl methacrylate (MMA), is also under Martin’s purview, as are the downstream OXO plasticizer derivatives. These chemicals are covered in the Market Advisory Service reports, published monthly, and the World Analysis reports, published annually.

Martin has over 30 years of experience in the chemical industry, including 14 years as Regional Vice President at Third Coast International. Third Coast is a leading chemical service provider with operations in the Houston area and historic joint ventures in Singapore and Qatar. The company is a leading producer of automotive brake fluid, a marketer of propylene glycol, and a leading contract manufacturer.

Before Third Coast, Martin spent 17 years in a variety of roles at LyondellBasell, with a focus on the Propylene Oxide and derivatives business, including PO-based glycol ethers, glycols, 1,4-Butanediol and derivatives, and C4 specialties.

He also held the Chair of the Glycol Ether sector for the Oxygenated Solvent Producers Association (OSPA), an industry trade body under C.E.F.I.C., helping prepare the industry for the introduction of REACH.

Martin started his chemical industry career in the United Kingdom with what is now Univar. Martin holds a BSc. Hons. Degree in Biology with subsidiary subjects of Biochemistry and Biotechnology from Portsmouth University.

Pablo Giorgi

Pablo Giorgi Vice President, North America Light Olefins Chemical Market Analytics by OPIS

Pablo Giorgi is the Vice President of the North American Light Olefins business at Chemical Market Analytics.

Pablo Giorgi is the Vice President for North America Light Olefins at Chemical Market Analytics. With over 25 years of industry expertise, Pablo is a key resource within the business for understanding and insight into the olefins sector of the petrochemical industry.

Within the Americas he works closely with the petrochemical, energy, refining and financial industries, bringing support and guidance throughout the petrochemical chain. His current area of focus includes oversight of the North America Light Olefins Service and primary input and insight for the World Ethylene and Propylene analyses.

Mr. Giorgi’s professional experience includes working in styrenics, aromatics, olefins, and polyolefins businesses. Before his current position at Chemical Market Analytics, he held roles in commercial, purchasing, supply chain, strategy, and market intelligence functions across various organizations in Brazil and the USA.

Mr. Giorgi holds a Bachelor of Science in Chemical Engineering from the Federal University of Rio Grande do Sul (UFRGS), later acquiring an MBA in Logistics from Fundacao Getulio Vargas (FGV) and an MBA in Management from Fundacao Dom Cabral (FDC).

Steve Lewandowski

Steve Lewandowski Vice President, Global Strategic Content and Olefins & Derivatives Team Lead Chemical Market Analytics by OPIS

Mr. Lewandowski is the Vice President of Global Strategic Content and Olefins & Derivatives at Chemical Market Analytics.

Based in Houston, Steve Lewandowski is the Vice President of Strategic Content and Olefins & Derivatives at Chemical Market Analytics (CMA) by OPIS, a Dow Jones Company, a leading global provider of information, insight, and consulting services to the global chemical and petrochemical industry.

During a career spanning 30+ years in the refining and chemical industry, Steve has experience across the full spectrum of refining and petrochemical hydrocarbon value chains, covering various financial, strategic, technical, and commercial roles. Before his move to Chemical Market Analytics, Steve was Senior Manager of Base Chemicals at TOTAL Petrochemicals & Refining, Inc. In that capacity, he managed the P&L of the base chemicals business, including joint venture relationships, strategic guidance to the partnerships, plant operational interfaces, project development, and commercial responsibility for olefin and aromatic monomers, including styrene.

Before the Base Chemical Senior Manager role, Steve held increasing responsibilities within TOTAL’s Petrochemical business. The latest assignment was overseas, in Brussels, Belgium, where he was responsible for Global Aromatics’ long-term commercial business. The assignment included P&L responsibility and strategic project development for TOTAL worldwide. Before the Belgian assignment, he worked as manager of the US aromatics business. Before 2000, Steve was involved in the refining and fuels side of the Hydrocarbon chain, both for what was then FINA Oil and Chemical and for Star Enterprise (a joint venture between Texaco and Saudi Aramco), working as a process engineer, optimization engineer, fuels blending optimizer, branded/unbranded fuels marketing and supply lead, and in a business development role.

Steve earned a Bachelor of Science in Chemical Engineering from Michigan State University in 1987 and an MBA with a focus on finance and economics from the University of Texas at Dallas in 2000.

Bill Hyde

Bill Hyde Vice President, C4 Olefins and Elastomers Chemical Market Analytics by OPIS

Bill Hyde is the Vice President of Olefins & Elastomers at Chemical Market Analytics.

Mr. Hyde is a member of Chemical Market Analytics by OPIS, A Dow Jones Company. He leads a group that analyzes markets related to C4 Olefins, synthetic and natural rubber, and tire raw materials. He has been consulting in this market since 2002.

Hyde began his career with Union Carbide Corporation in 1990, holding positions in production engineering, optimization, planning, and logistics. In 2000, he joined Texas Petrochemicals as a Business Analyst.

In 2002, Hyde joined CMAI, which was acquired by IHS in 2011, in the Olefins Consulting Practice, focusing on C4 Olefins and rubber, assuming responsibility for that practice in 2006. The Base Chemicals Group of HIS Markit, which includes the C4 Olefins and Elastomers Practice, was divested to News Corp in June 2022 and became Chemical Market Analytics by OPIS, A Dow Jones Company. He has published several papers on the Olefins and Elastomers industries and presented at numerous Olefins and Elastomers Conferences worldwide.

Hyde has a BSc and an MSc in Chemical Engineering from Brigham Young University and an M.B.A. from Tulane University.

William Chen, PhD

William Chen, PhD Vice President, Asia Olefins and Derivatives Chemical Market Analytics by OPIS

William Chen is the Vice President of the Asia Olefins and Derivatives at Chemical Market Analytics by OPIS, a Dow Jones Company.

Dr. William Chen is the Executive Director at Chemical Market Analytics. He leads Asia Olefins’ business and has research responsibilities to provide insight into the dynamics of the ethylene, propylene, C4, and derivatives value chain markets. Provide thought leadership on the markets relating to supply, demand, price and economics, as well as competitive dynamics and changing industry structural elements.

William also leads Asia Olefins’ business for strategic growth and provides ongoing commercial management. Focus on nurturing client relationships and enhancing services to support clients’ commercial and strategic decision-making. Nurture relationships with clients, including SOEs, POEs and MNCs, to deepen services in clients’ commercial and strategic decision-making processes. William has been involved in many petrochemical consulting projects and client studies, including the China Coal Chemical Study, Global Propane Dehydrogenation Research, and Refinery-cracker/aromatic complex feasibility study.

Before Chemical Market Analytics, William worked for ChemChina. William started as a chemical engineer at the company’s Lanzhou fiber plant in Northwest China. Then, he moved back to Beijing to focus on downstream application development. Over the last two years with ChemChina, William took on sales and marketing responsibility in NE Asia.

William earned a Ph.D. from the Chinese Academy of Sciences, specializing in Polymer Chemistry and Physics. William is based in Beijing, China.

Kevin Longworth

Kevin Longworth Executive Director, Global Acrylonitrile Chemical Market Analytics by OPIS

Kevin Longworth is the Executive Director for Global Acrylonitrile at Chemical Market Analytics.

Kevin Longworth is the executive director of the Global Acrylonitrile service and started his career at Chemical Market Analytics in 2009. During his time at the company, he has worked across various chemical value streams, giving him extensive exposure to a broad cross-section of the petrochemical industry. Before joining Chemical Market Analytics, he worked for nearly a decade as a process engineer in the plastics industry in South Africa and the United Kingdom.

Mr. Longworth leads the Global Acrylonitrile service, providing industry players with strategic intelligence and analysis across this highly varied and complex value chain. Through regular engagement with industry stakeholders such as producers, downstream consumers, traders, distributors and investors, he helps them gain a deeper understanding of this volatile industry. The role is global, and he regularly contacts companies in Europe, the Americas, Southeast Asia and Northeast Asia.

Prior to taking on his current role, he held several positions within Chemical Market Analytics, most recently as Director of Polyolefins for the EMEA region. In this role, he was responsible for developing intellectual property for the plastics service in Europe. He was a leading expert in this field, presenting at conferences and serving as the client-facing consultant for the Global Plastics service at Chemical Market Analytics in the EMEA region.

Mr. Longworth has a degree in Plastics Processing Technology from the Cape Peninsula University of Technology in Cape Town, South Africa.

 

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