Global Methanol

Listen to Rina Quijada, Senior Director of Latin America for chemical, explain how a petrochemical company expanded its market share through solid, long-term investments in multiple countries using IHS Markit data and forecasting across the entire supply chain. From feedstocks to end-use products, company leaders are making informed business decisions that set the stage for long-term growth.

As a leader in the global specialty chemicals market, this US-based company has compressed business development research efforts from several months to a few weeks − supporting faster time to market -- as well as promoting a broader understanding of customer needs and uncovering fresh ideas from other fields.

For its landmark Etileno XXI project, this company -- a joint venture of the premier thermoplastic resins producer in the Americas and one of Mexico’s leading petrochemical groups -- secured a total investment of $4.5B to build the largest petrochemical facility in the Americas, capable of producing 1+ million tons of ethylene and polyethylene annually.

This national oil company wanted to give investors confidence so they developed a two-pronged strategy to grow its core oil business and set the stage for launching a new chemical business, while staying abreast of market changes and avoiding up to $4 billion in potential costs/risk to its reputation.