Iran war is a wake-up call for the chemicals industry, says Scottish producer

Time to break fossil fuel link for chemicals industry?

The Middle East crisis has exposed another fossil fuel weakness: chemicals. Scottish green chemicals firm Celtic Renewables says disruption around the Strait of Hormuz should force manufacturers to look again at their reliance on oil and gas, not just for energy but as raw materials. The company argues the debate has focused heavily on energy prices but petrochemicals are also central to global manufacturing. Oil and gas-derived chemicals are us…

Iran war is a wake-up call for the chemicals industry, says Scottish producer

The crisis in the Middle East should be a wake-up for the global chemical industry to end its dependence on fossil fuels for feedstocks and consider sustainable alternatives, according to Scottish green chemicals firm Celtic Renewables. Iran’s closure of the Hormuz Strait in early March in response to military strikes by the US and Israel has choked off global oil and gas supplies. The closure has sent energy prices spiralling worldwide and thre…