Episode 1141: Think Tank: Indorama, BASF strategy shift could signal end of integrated European sites

High costs and cheap imports from Asia may force the owners of integrated petrochemical sites in Europe - such as Indorama Ventures and BASF - to import feedstocks and cease local upstream production.    -          Indorama suffers low operating rates, poor profitability-          Six upstream sites under review for closure-          More feedstocks in Asia as refineries start up, less in Europe-          Moves may not be enough to save downstream plants-          Massive capacity growth in China means more trade barriers needed-          Chemicals CEOs need to prepare for constant instability