Louisiana’s industry will benefit from low natural gas prices and rising demand for vehicles and homes and is well-positioned for the transition to a lower-carbon, more sustainable future, according to participants in last week’s Louisiana Petrochemical Outlook webcast, hosted by 10/12 Industry Report and Business Report. But their optimism was tempered by concerns about inflation and companies’ supply chains.
Louisiana’s chemical manufacturing sector could be “poised for a booming year,” says Rhoman Hardy, senior vice president, U.S. Gulf Coast, Shell Chemicals and Products.
“Our outlook for chemical production is really the best we’ve seen in several years,” says Martha Gilchrist Moore, chief economist with the American Chemistry Council. Read the story, as well as access the entire recording of the Louisiana Petrochemical Outlook webcast.