Today's KNOWLEDGE Share : 𝗧𝗵𝗲 𝗣𝗹𝗮𝘀𝘁𝗶𝗰 𝗮𝗻𝗱 𝗣𝗲𝘁𝗰𝗵𝗲𝗺 𝗔𝗽𝗼𝗰𝗮𝗹𝘆𝗽𝘀𝗲: 𝗜𝘀 𝗧𝗵𝗶𝘀 𝘁𝗵𝗲 𝗘𝗻𝗱 𝗼𝗳 𝗮𝗻 𝗘𝗿𝗮?

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Today's KNOWLEDGE Share

𝗧𝗵𝗲 𝗣𝗹𝗮𝘀𝘁𝗶𝗰 𝗮𝗻𝗱 𝗣𝗲𝘁𝗰𝗵𝗲𝗺 𝗔𝗽𝗼𝗰𝗮𝗹𝘆𝗽𝘀𝗲: 𝗜𝘀 𝗧𝗵𝗶𝘀 𝘁𝗵𝗲 𝗘𝗻𝗱 𝗼𝗳 𝗮𝗻 𝗘𝗿𝗮? 🚨

Folks in chemicals, energy, and manufacturing – buckle up. The global petrochemical industry isn't just in a slump; it's in a full-blown crisis that's reshaping everything we know. Overcapacity (thanks, China), stagnant demand, sky-high energy costs, and trade wars are crushing margins and forcing giants to their knees. We're talking asset closures, massive restructurings, and a recovery that might not hit until 2028... or later.


📌𝗞𝗲𝘆 𝘀𝗵𝗼𝗰𝗸𝗲𝗿𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗹𝗮𝘁𝗲𝘀𝘁 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀:

🔹China's Self-Sufficiency Bomb: Their state-fuelled expansions have slashed imports, killing the demand engine that powered the world. No more "Supercycle" – volatility is the new normal.

🔹𝗕𝗶𝗴 𝗣𝗹𝗮𝘆𝗲𝗿𝘀 𝗕𝗹𝗲𝗲𝗱𝗶𝗻𝗴: SABIC's ditching European assets. Exxon, Dow, and DuPont are slashing high-cost ops. LyondellBasell is shutting naphtha plants and chasing recycling. Even Hanwha in Korea is government-forced to cut 25% capacity. Survival of the fittest? More like survival of the lowest feedstock producers.


🔹𝗧𝗵𝗲 𝗚𝗿𝗲𝗲𝗻 𝗜𝗿𝗼𝗻𝘆 𝗧𝗵𝗮𝘁'𝘀 𝗞𝗶𝗹𝗹𝗶𝗻𝗴 𝗨𝘀: Environmental Hype and misinformation are pushing us toward bio-based products and alternatives like paper/glass/tin – but science says they often generate MORE waste and GHG emissions than fossil-based plastics and cost more. Yet, fossil producers stay silent while environmental groups drive the narrative. Time to fight back or fade away?


This isn't a blip; it's a systemic shakeout. Consolidation is coming, regional champs will rise, and only the innovative (think AI, digital transformation, circular economy) will thrive. But here's the provocative truth:


Sustainability mandates could backfire spectacularly if we're chasing feel-good myths over hard facts.


What’s your view? Are we witnessing the death of traditional Petchem, or a painful rebirth?


Drop your thoughts, predictions, or war stories below. Interested to hear your take on this, Let's debate! 👇


source : Daniel O'Kelly

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