Transitioning to Renewable Energy: Economic and Market Implications

Climate change and warming oceans mean that the US Gulf Coast chemical sector will have to adapt to more frequent weather events such as Hurricane Beryl.

-          Gulf Coast area where Hurricane Beryl made landfall houses 13m tonnes, 29% of US ethylene production capacity

-          Beryl is earliest Category five hurricane on record; busy season forecast

-          Warming oceans mean there may be double the number of severe hurricanes 

-          Energy, chemical industries must adapt to cope with more weather events

-          Move towards net zero carbon gives opportunity to relocate plants, infrastructure