The chemicals industry faces a double exposure to spiralling energy prices: crude oil and natural gas derived products like naphtha, LPG and ethane are used as feed stocks for the production process; and chemical plants use natural gas as a power source.
With US crude oil and natural gas markets experiencing both high prices and extreme volatility, it is unsurprising that Michigan-headquartered Dow Chemical has been forced into radical action to remain a viable business.
Dow is the second-largest
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