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Chemical Week Magazine :: Cover Story
Battling to Stay the Course
8:54 AM MDT | September 22, 2008 | Rebecca Coons
An unprecedented run-up in feedstock and energy costs coupled with a worsening global economic slowdown, has dogged the European petrochemical industry in what should have been its last good year at the top of the cycle. Large, cost-advantaged, gas-based olefins and polymer capacity additions in the Mideast are the cause of the impending downturn. Nevertheless, European producers remain adamant that—despite the hard hits of 2008—foresight, integration, and careful cost-control will be a sufficient defense until global demand catches up with the new...
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