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Chemical Industry
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German chemical giant BASF announced on Friday that it plans to move a number of jobs from Germany to Asia as part of an intensified effort to reduce costs, amid ongoing challenges facing the country’s chemical industry.27 Feb 2026-16:46
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Europe’s petrochemical sector is grappling with widespread plant closures and soaring production costs, threatening up to 40% of the EU’s ethylene capacity. Aging facilities and reliance on costly naphtha feedstock contrast sharply with North America and the Middle East, where cheaper ethane feedstocks drive expansion.21 Jul 2025-13:15
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