Industry Article

Process Chemicals Industry Article

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There’s been no shortage of challenges for the chemicals industry in the last few years— most notably feedstock prices, which have been hugely volatile.

This has been the case for petrochemicals in particular. From a high of $115 back in 2014, the oil price has been in virtual freefall, plummeting to just $30 during the course of 2016. Natural gas prices have been equally volatile, dropping by 50% in just two years, only to rise sharply again in 2016.

The result has been unpredictability and economic uncertainty for chemical producers wherever they are in the value chain.




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