Joseph Chang / ICIS Chemical Business
The US petrochemical sector is undergoing a tectonic shift on the back of shale gas with the first wave of ethane crackers starting up this year. US President Donald Trump could well shake up the sector even more with his key policies.
Trump’s first speech to the joint session of Congress on 1 March revealed little detail to his platform policy issues, but reiterated business friendly changes with broad implications for US manufacturing and petrochemicals.
Most relevant to the US chemical industry are corporate tax reform, including a potential border adjustment tax (BAT); infrastructure spending; and rollbacks of regulations, including on energy development – all of which Trump touched upon.