Are energy and U.S. feedstock prices a factor in creating this venture?
Certainly energy and feedstock costs in North America have affected the polystyrene industry and thus indirectly have impacted this deal. As a new company that remains rooted in the Americas, the JV will continue to manage the challenges with natural gas and crude oil prices in the United States. However, the venture is fully integrated and balanced in styrene as a feedstock, which is a compelling element of this deal.
