Louisianas chemical manufacturing sector could be poised for a booming year, says Rhoman Hardy, senior vice president, U.S. Gulf Coast, Shell Chemicals and Products.
Louisianas 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 a webinar hosted today by 10/12 Industry Report and Business Report. But their optimism was tempered by concerns about inflation and companies supply chains.
Our outlook for chemical production is really the best weve seen in several years, says Martha Gilchrist Moore, chief economist with the American Chemistry Council.
Meeting the industrys customer demands for a lower carbon footprint will require emphasizing efficiency and renewable energy while scaling up existing technologies and developing new ones, says David Yankovitz, chemical practice leader with Deloitte. He says some companies have set up supply chain war rooms focused on the three main challenges: supply shortages, labor availability, and transportation and logistics.
According to the speakers:
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Louisiana chemical production outlook best weve seen in several years - Greater Baton Rouge Business Report
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