Naphtha-dependent regions cutting ethylene cracker rates: Dow CFO

Regions dependent on naphtha to feed ethylene crackers have been cutting rates in response to sharp feedstock cost increases amid volatile crude prices, Dow Chemical CFO Howard Ungerleider said March 17. “Already in the last two weeks in Asia, you’ve got a dozen crackers that represent, I think, around 10 million metric tons of capacity that are trimming rates between…