October 5, 2018 – Bloomberg
DowDuPont Hit as Factory Splurge Boomerangs to Drive Up Costs
By Jack Kaskey
The U.S. shale boom has for years blessed chemical makers with cheap energy, prompting record spending on new factories. Now that unchecked growth is costing the companies big.
DowDuPont Inc., Exxon Mobil Corp., Chevron Phillips Chemical Co. and others invested billions in new plants to take advantage of rock-bottom prices for ethane, a key raw material for making plastic. But they built so much so fast that demand for the feedstock...