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Petrochemical investment slows during the pandemic

Years of booming US shale drilling spurred petrochemical investments by companies such as Dow and Chevron Phillips Chemical, but investment in additional capacity has slowed during the pandemic as demand for plastic products declines. "When you go through a situation like you've got with COVID-19, and dramatic changes with oil price, focus on cash and liquidity becomes king," says Dow CEO Jim Fitterling.

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