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Gulf conflict pushes European chemicals industry to breaking point

Woes mount for sector buffeted by high energy prices, weak demand and cheaper Chinese competitors

In the Port of Rotterdam, one of the world’s largest and most advanced chemical clusters is at a critical juncture.

Smoke still billows across the skyline and tankers travel back and forth through the port, ferrying feedstock into vast drums that are linked to facilities by pipelines.

But two of the cluster’s 10 companies have shut down plants in the past year as the European chemicals industry is buffeted by high energy prices, weak demand and intensifying competition from China.

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