Benefiting from the shale gas bonanza, the American chemical industry is ready to fly like Superman. (Illustration: Fotolia © ianrward)
Shale Gas

Why Europe's Chemical Industry Needs new Technologies

No end in sight to the shale gas bonanza–Energy is now available in the US at bargain-basement prices. Moreover, there is strong demand for ethane as a cracker feedstock because at current prices it is virtually unbeatable. What affect does all of this have on value chains in the chemical industry? Are we looking at a catastrophe or an opportunity? That depends on whether you are a pessimist or an optimist.

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