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Dow Chemical profit beats estimates as margins continue to expand
2015-07-23 15:43:56| Chemicals - Topix.net
The U.S. chemical maker's plastics business has benefited from easy access to cheap shale gas, which is stripped down into ethane to make ethylene - a key component of plastics and many chemicals. Global crude oil prices have halved in the past year, narrowing the price difference between crude oil-derived naphtha and natural gas-based ethane cracking, which erased the competitive advantage U.S. chemical firms had over their European rivals.
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Category:Chemicals