U.S. chemical stocks have been hit hard by drought.
But the threat of another drought looms in a year that could see the nation’s chemical stocks soar again.
The U.N. and other international agencies are warning that drought-stricken California’s chemical industry is at risk of suffering another devastating blow, after last year’s drought killed more than 2,500 workers and destroyed more than 8 million tons of equipment.
The chemical industry in California has been hit hardest by last year in a series of devastating wildfires, which wiped out hundreds of thousands of acres of forest and left the state’s agricultural production to suffer.
The industry has also been forced to cut production and make changes to its business practices to cope with the damage.
In an update Thursday, the U. N. Food and Agriculture Organization warned that a repeat of last year could leave California with a stockpile of more than 4 million tons more than its current levels of stockpile and could leave the country with more than $10 billion in stockpiles of chemicals.
The problem is, we don’t know when we’re going to get another bad drought, the agency said in a statement.
So far, the problem has not been a severe one.
But with no end in sight, we are calling on countries and companies to act to reduce stockpiles and prevent the need for more.
U.S.-based multinational chemical companies like BASF SA and BASF USA are in the process of upgrading their plants to cope more with the drought.
BASF is the world’s largest chemical producer, producing more than 5,300 tons of chemicals a day, and BASFs parent company, BASF AG, has about 1,700 plants in the United States and overseas.BASF SA said Thursday it is working with the U:S.
Environmental Protection Agency to address the impact of the current drought, and it is also working with other U. S. companies to make the best of the situation.
The company has been ramping up its production, installing water-filtration systems and other measures to help meet the needs of farmers.
BASFs U. s most-wanted products include pesticides and fungicides, as well as fertilizers and feed.
B BASF has about 5,000 employees in the U S, with more in California.