Trade Deal Implications for Recycling and Chemical Industries

The permanent closure of Sabic’s cracker and other facilities at Wilton, UK, shows how tough conditions are in Europe with recyclers also feeling the pinch. 

-          Closure of UK polymer recycling facilities has been a shock to the industry

-          European recyclers find it hard to compete against imports, more support for local recycling needed 

-          Regulations are helping recycling sector, but more action needed

-          Outlook for Europe recycling more positive than for base chemicals

-          Chemical plant closures remove good quality jobs which are tough to replace

-          Wilton, UK site is perfect for development of circular economy

-          EU-US 15% tariff deal removes threat of 30% but many questions remain

In this ICIS Think Tank podcast, Will Beacham interviews James McLeary, managing director for Biffa Polymers and ICIS Insight Editor Tom Brown.