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
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