War exposes naphtha risk, accelerates shift to circular feedstock
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Geopolitical tensions in the Middle East are revealing more than a simple energy crisis — they are exposing a deeper vulnerability in the global petrochemical industry. The sparks from crude oil have now spread to naphtha. Korea and other Asian nations have long depended on the Middle East for a significant share of their naphtha imports, operating under the assumption that supply would remain stable. Yet instability around the Strait of Hormuz and the Gulf region is no longer just driving up oi
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