Why Global Petrochemical Giants Are Closing Plants

Team Chemical Market

24 Jul 2025
One of the biggest shake-ups is happening in the global petrochemical industry. Major companies like Dow, ExxonMobil, Shell, BP, and other factories are selling their older assets off, and they are rethinking their long-term strategies. Why? Some of the chemical producing processes are harder and less profitable, especially in Europe. Therefore, it doesn’t make sense to continue the business that way. Some of the crucial pressures, such as high energy prices, strict environmental rules, weaker d;

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