Recently, Zak Sabatka and Colleen Johnson attended the ACIT South Texas Economic Outlook Forum & Luncheon on December 5th. ACIT, the Association of Chemical Industry of Texas, is a statewide organization that is a strong voice for the chemical industry and a leading advocate for preserving
the chemical industry’s economic vitality. Zak participates in the local planning committee as a member of ACIT.
The forum discussed that the outlook is strong for the various chemical and petrochemicals, and rig sector industries in the area. With recent plant expansions, new construction, and the upcoming deepening and widening of the Corpus Christi Ship Channel, the South Texas area is very busy. The refining industry reported on an upcoming reduction in the marine fuel sulfur limits that will impact the diesel market as refiners and the marine industry makes the necessary adjustments and capital improvements to meet the new requirement.
Below is a link for more information that was not included in the forum, titled: "Changes in marine fuel sulfur limits will put temporary upward pressure on diesel margins."
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