Economic Considerations Using Recycled Resins for Automotive Applications Wellman Recycling Conference May 24, 2004 Wayne Gjerde
Buying Considerations • Performance • Quality • Availability • Price • Other
Pricing • Natural Gas Pricing Trends • Crude Oil Pricing Trends • Recycled Material Pricing Trends
Natural Gas Trends • Higher Prices Expected to Stay • Production from Conventional Sources has Peaked in Lower 48 State. • Increased Production from Unconventional Sources. • New Demand Coming from Electric Power Plants • Net Imports of LNG to Grow.
Crude Oil Trends • No New Refinery Capacity built in last 20 Years • Excess Worldwide Pumping Capacity Low • China’s Rapid Growth Is Matching or exceeding Growth in Pumping Capacity • Lower 48 Crude Production Declining
Recycled Resin Trends • Not as Dependent on Crude Oil or Natural Gas prices. • Opportunity for Long Term Price Stability • 4.6 Billion Pounds of Carpet Made of Nylon and PP Available for Recapture Back into Resin
Availability Wellman, Inc Contact your local Wellman Representive Invista/Dupont 770-420-7804
Environmental Considerations • Easy Way to Fulfill Corporate Pledges to use Recycled Materials