Abstract
The chemical process industries' future promises to be remarkable. This week's special report (page 62) gives financial figures that at first skimming may surprise. Yet, as the article relates, some can give a reasoned argument that, for the present economic climate, even more capital expenditure than predicted there is needed. Capital seems not to be a problem. Marketing ability in the chemical industry has proved strong. Appreciation of the value of research and of converting new knowledge through chemical technology into better processes for better products seems to be spreading into many areas of industry that might have been considered nonchemicai a generation or two ago. In fact, that movement could be the source of problems. The opportunities created by new ideas are attracting previously nonchemical industries into competition in the chemical industry. There is constant danger that too many producers may build their plans on the same projected markets. But this risk is not ...
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