U.K. Focus: Petchem Industry Continues to Contract, but New Owners May Invest

Van’t hoff: Major presence in the U.K. Production capacity for basic petrochemicals has contracted significantly in the U.K. during the past 20 years and some of the remaining capacity has been converted to make value-added specialty grades of product. Declining availability of oil and gas liquids from the North Sea, meanwhile, has increased the U.K. industry’s feedstock costs. Ownership of the refining and petrochemical sector is changing with a spate of merger and acquisition (M&A) deals, involving mainly refineries but including some...

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