Energy Price Surge Leads to Shutdown of German Chemical Plants

Energy Price Surge Leads to Shutdown of German Chemical Plants

NEW DELHI--October 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The rise in energy prices following Russia's invasion of Ukraine has had a significant effect on European markets. The resulting uncertainty and soaring gas prices, especially after Russia halted gas supplies to numerous EU countries, have plunged Europe, particularly Germany, into an energy crisis. This situation has led to the permanent shutdown of chemical plants, further straining the economy.

Companies featured: Trinseo (NYSE:TSE), Celanese Corporation (NYSE:CE)

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