Episode 1373: Think Tank: AI, innovation and M&A could save chemicals in high-cost regions
ICIS - chemical podcasts
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Navigating Transformation in the Chemical Industry
This chapter explores the critical supply-demand imbalance in the chemical industry, highlighting the urgent need for capacity closures, particularly in Europe. It discusses the transformation required to adapt to high operational costs, including leveraging AI for efficiency, and the shift towards value-added and low-carbon products. The chapter emphasizes the challenges of mergers and acquisitions, the role of 'national champions,' and the importance of innovation and localized supply chains in ensuring future success.
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