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Coal-to-Chemicals: Another Big Industry Sells Out

Coal-to-Chemicals: Another Big Industry Sells Out

An unfortunate thing happened on the way to record-high oil prices: the energy-intensive chemical industry, supposedly one of the better industries when it comes to greenhouse gas pollution, has embraced coal.

From the trade mag Chemical and Engineering:

Only a few years ago, an executive offering up the idea of making chemicals from coal would have been laughed out of the boardroom.

And now:

With oil priced at more than $100 per barrel, chemical companies are giving coal a serious look as a a feedstock.

A serious look? Wishful thinking. Industry powerhouses have already looked and they're building the giant new coal-to-chemical plants right now.