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Markets :: Basic Chemicals :: Petrochemicals :: Ethylene
Ethylene Producers at ‘High Risk’ from Global Warming
11:47 AM MDT | July 27, 2007 | Chemical Week Editorial Staff
An estimated 45% of the world’s 173 million m.t./year of ethylene capacity is at “high risk” from flooding due to rising ocean water levels resulting from global warming, according to a recently published report, The Business of Climate Change, by Lehman Brothers (New York). A further 28% of ethylene capacity is at “medium risk,” say the report’s authors, Jenny Barker and Jean de Watteville. Also, companies currently building ethylene plants have failed to take into account forecast rises in sea levels, with 44% of steam...
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