Europe’s petrochemical sector will need to see bold moves in the EU’s Clean Industrial Deal to help reverse its decline.
-          May be a conflict between aim of making Europe more competitive and environmental goals

-          Europe is in the “last chance saloon” to halt deindustrialisation

-          Europe industry burdened by high cost of energy, CO2

-          Improved connectivity for renewable power will be essential for chemicals

-          Reform of Carbon Border Adjustment Mechanism (CBAM) welcome if it really protects local manufacturing 

-          Huge investment needed to make a low carbon future a reality

-          ICIS forecasts depressed operating rates for global ethylene, propylene to 2035

-          EU should focus on increasing tariff barriers, defence spending

-          Clean Industrial Deal should be welcomed as a direct response to Antwerp Declaration 

-          Deal will be published on Wednesday 26 February