The chemical industry faces two ongoing challenges—dramatically rising costs of raw material and energy, and plant safety.
On the rebound after a difficult period in the late 1990s, the industry is experiencing rising demand. Globally, incomes are rising and consumers are purchasing more goods, most of which depend on chemicals and intermediates.
Because petroleum price escalation is a source of concern both for feedstocks and energy for production, efficiency now shares center stage with safety, which has been part of the chemical scene since day one.
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