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

Haldor Topsoe discusses the potential for energy transition in Latin America.
The Mexican Union of Agrochemicals Manufacturers and Formulators (UMFFAAC) describes the main themes impacting its members.
Cristian García of PROCCYT explains the dynamics influencing Mexico’s crop protecting sector.
FMC discusses the rise of sustainable products which have minimal residues on crops.

MACIG

"The real danger is that some companies may still want to trade off the old business model of six years ago."

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