How did a challenging 2023 shake up the Billion-Dollar Club?

Vincent Valk, a senior editor at Chemical Week, shares insights on the 2023 Billion-Dollar Club rankings. He discusses the significant drop in revenues and operating incomes faced by the industry. Valk highlights China's growing dominance, particularly with firms like Sinopec reshaping the market landscape. The conversation also touches on the impact of mergers and acquisitions, the decline of former leaders like DuPont, and the complex interplay between capital expenditures and sustainability efforts in the chemical sector.