As geopolitical shocks ripple through the world’s energy markets, a sprawling industrial complex on China’s southern coast signals a deeper shift in the balance of global chemical production.
On March 26, German chemical giant BASF SE’s 8.7 billion euro ($10 billion) integrated chemical complex in Zhanjiang, Guangdong province, became fully operational, just as the war in the Middle East has choked off key flows of oil and petrochemical feedstocks.
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