Vaughn Deasy This is Me

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1. 1. Plastics News - Breaking News

   www.plasticsnews.com/china/eng - [Cached]

   Published on: 4/4/2006   Last Visited: 4/4/2006

   Vaughn Deasy and Dave Durand spoke about PE and PP at the Plastics News Executive Forum.
   ...
   Vaughn Deasy, vice president of polymer sales for Equistar Chemicals LP in Houston, and Dave Durand, global PP consulting director for Houston-based Townsend Polymer Services & Information, tackled those markets at the Plastics News Executive Forum, held March 6-8 in Tampa.
   ...
   Deasy, whose firm ranks as one of North America's largest high density PE makers, said global PE operating rates are expected to remain high through 2010, in spite of large amounts of capacity being added in the Middle East. In that region, 10.7 million metric tons of PE capacity will be added between 2005 and 2010, with more than 40 percent of that amount in Saudi Arabia.
   
   China also will remain a large global buyer of PE, although that country's unpredictable buying habits will keep many market players guessing.
   
   "China's always in the [PE] market," said Deasy, who's been with Equistar and parent firm Lyondell Chemical Co. since 1995. "But they have very different buying patterns than what we're used to. They'll buy when there's an opportunity and then build inventory and store it."
   
   And even with price volatility high in North America - where prices shot up after Hurricanes Katrina and Rita but now have declined for three straight months - the region isn't going away as a supplier anytime soon.
   
   "We're very confident that North American PE and ethylene derivatives are going to be able to compete globally for a very long time," Deasy predicted. "The North American market may not build any new plants, but there's a high cost to exit this business, and these plants are still competitive. They're older, but they've been overhauled many times over and are still productive."
   
   But North America's role in the 2006 PE market is a new one.
   
   "Every other [PE] cycle turned on North American expansion," Deasy said. "It used to be simple - we'd just go build another plant in Texas. But it's not that way anymore. Now we have to look at Mideast capacity, Asian demand, feedstock and energy prices, and continuing globalization."
   
   Deasy also cautioned that buying from PE sources outside of North America - as many processors did for the first time in 2005, because of hurricane-related shortages - may have some unforeseen challenges.
   
   "Things are going to be a little different" for buyers of foreign PE, he said.

2. 2. Flexible Packaging: The premier magazine for converters of flexible packaging

   www.flexpackmag.com/content.ph - [Cached]

   Published on: 1/1/2006   Last Visited: 12/11/2007

   Member at Large: Vaughn Deasy, Equistar Chemicals, LP, A Lyondell Company

3. 3. FPA 2006 Board of Directors

   www.flexpack.org/FPA_update/Ar - [Cached]

   Published on: 1/1/2006   Last Visited: 2/2/2008

   Member at Large: Vaughn Deasy, Equistar Chemicals, LP, A Lyondell Company