From The Desk Of
CW Insider, Sept. 21: European Petrochemicals
2:27 PM MDT | September 18, 2009 | Robert Westervelt
Our cover story this week focuses the European petrochemical sector. The market has stabilized but producers acknowledge the need for further rationalization. “For operating rates to come back to good levels, some capacity will have to shut down in Europe,” one leading producer says. “The same is true for the U.S.” Industry challenges, including overcapacity, weak demand, and broader economic concerns arising from high levels of unemployment and a still-fragile financial system, are likely to mute recovery, producers say. “The...
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