PUBLICATION

Chemical Week

AUTHORS

Alice Pascoletti, Alfonso Tejerina, Miguel Pérez-Solero

Latin America Petrochemicals and Chemicals 2020 IHS CW Release

April 07, 2020

Looking at Latin America, coronavirus could hardly have chosen a worse moment to disrupt the global economy. Indeed, 2019 was not a good year for Latin America’s main economies: Brazil’s GDP growth reached just 1.2% (IMF data), a pace that is not enough to catch up for the losses accumulated during the recent recession; Mexico’s GDP contracted by 0.1% last year, the worst figure in the last decade; and Argentina suffered from yet another turbulent year, with a presidential election, negative GDP growth of -3%, and a heavily devalued currency.

Overall, the picture was disappointing, and now that we are entering a new decade,

the question is if the different countries in Latin America will be able to overcome the challenges that have made the last years so difficult. Coronavirus currently presents a daunting scenario, but once the storm is over, the region should take advantage of its enormous natural resources potential to develop the petrochemicals value chain.

RELATED INTERVIEWS MORE INTERVIEWS

Pochteca offers a portfolio of over 7,300 industrial products to clients throughout Latin America.
Unigel Mexico laments the country’s inadequate feedstock production.
Bertschi Singapore will to continue the rapid expansion of its capacity and services on Jurong Island.
The Singapore Chemical Industry Council (SCIC) discusses its objectives for the year.

MACIG

GBR speaks to Leopold Mboli Fatran, Minister of Mines and Geology of Central African Republic concerning the challenges of developing the country’s resource industries.

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