24 May 2024 | 12:00 UTC
Infographic: Bleak manufacturing forces European petrochemical closures
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European petrochemical margins face challenges from overcapacity and weak steam cracker margins. Concerns about offshoring the industry persist, as limited capacity cuts may not be enough to offset the impact of new capacity additions. Read more here.
This infographic provides a visual representation of the numerous closures occurring in Europe's petrochemical plants, highlighting the challenges posed by weak manufacturing, high input costs, and unfavorable naphtha cracking margins.
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