Two more European crackers to close

Petrochemicals giant Sabic is to close its olefins cracker in Teesside, UK. The plant has been offline since 2020 and was in the process of being converted to run on ethane from the US, a cheaper feedstock than oil-derived naphtha. Meanwhile, Dow Chemical has confirmed it will shut down its cracker in Böhlen, Germany, by the end of 2027, along with two other European basic chemical plants