Texas Freeze Brings Worldwide Plastics Shortage and Skyrocketing Prices

A recent article in the Wall Street Journal reports a global shortage of essential plastics due to chemical plant shutdowns caused by the February Texas freeze. The weather anomaly triggered massive blackouts that brought the world’s largest petrochemical complex to its figurative knees. Plant closures started a global snowball effect that resulted in skyrocketing prices of raw materials needed for manufacturing of consumer products that include auto parts, computers, smartphones, and medical face shields.

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