Episode 1179: Think Tank: Like blocks pulled out of a Jenga tower, chemicals closures could collapse value chains

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The closure of chemical plants in Europe and elsewhere could remove essential raw material supplies, threatening the future of downstream industrial value chains. -          Global oversupply, driven by China, forecast to reach over 200 million tonnes/year by 2028-          Interconnected value chains threatened if important raw materials cease production-          Globally 20 million tonnes of ethylene capacity may need to be shut down by 2030-          In Europe 5.6 million tonnes/year of polypropylene (PP) capacity may need to close-          Integrated chemicals sites under threat if parts shut down-          Industry associations could help plan to maintain critical raw materials supplies-          Anti-dumping measures could protect exposed markets-          China polyvinyl chloride (PVC) overcapacity may increase exports globally