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The escalation of the conflict in the Middle East and its consequences

What does the development mean for the European plastics industry?PIE Iran-Whitepaper

The escalating conflict between the United States, Israel, and Iran is having an immediate impact on the global plastics industry. Several key supply routes in the Middle East, including the Strait of Hormuz— the heavily used waterway between Oman and Iran—have been disrupted by the war. As a result, the supply of crude oil and liquefied natural gas (LNG), as well as essential feedstocks for polymer production such as ethylene, paraxylene, and styrene, has become increasingly limited and uncertain for major markets in Asia and Europe.
 
Our latest white paper explores the real extent of the conflict’s impact on global polymer markets—and highlights new opportunities emerging for the European plastics industry.

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