Global investors acknowledge that one of the biggest winners from the US petrochemical resurgence has been ethylene-derived plastics and specialty chemicals.
After a lengthy decline from the 1990s, the US trade in plastics and chemicals has shown a sharp recovery. This turnaround stems from profound changes in the US energy complex, specifically the arrival of cheaper energy options and bountiful gas thanks to the shale revolution.
Australian ultra high net worth investors found themselves on both ends of this turnaround, benefiting from BHP and other ASX-listed multinationals’ exposure to US shale but also Southeast Asia’s rapid advancement in its own production of plastics and related biochemicals.
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Stirling Larkin writes on global investing and ultra high net worth wealth. He is chief investment officer of investment manager Australian Standfirst.
