Europe’s Petrochemical Industry Is Dying

🇪🇺 🇪🇺 Warning: Europe’s Petrochemical Industry Is Heading for Death Row. In Europe, natural gas is about five times more expensive than in the US. Right now, it’s cheaper to buy ethylene, a building block for plastics, in Texas, and ship it across the Atlantic for further processing in Europe than producing it at home. And that’s precisely what petrochemical companies are doing. The net result is loss of economic activity in Europe and the loss of jobs and energy security
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