Russia’s gas cuts threaten the world’s largest chemical hub

LUDWIGSHAFEN, Germany — For many years, BASF SE one of the world’s largest chemical companies, has built its business model around cheap and abundant Russian natural gas, which is used to generate energy and feed into other products. processed products into toothpaste, medicine and automobiles.

Today, Russia’s increasingly dwindling gas supplies are proving a threat to the company’s vast production hub here – the world’s largest integrated chemical complex with some 200 plants. . Earlier this month, Russia began cutting gas supplies to Germany and other European countries. In response, company executives are doing the unthinkable just a few months ago: looking at how the complex could be shut down if gas supplies fall further.

https://www.wsj.com/articles/russian-gas-cuts-threaten-worlds-largest-chemicals-hub-11656316625?mod=pls_whats_news_us_business_f Russia’s gas cuts threaten the world’s largest chemical hub

Luke Plunkett

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