Europe’s beleaguered petrochemical industry could see its fortunes improve dramatically if Mario Draghi’s new industrial policy proposals are adopted, along with a fair regulatory framework.
- New industrial strategy can rescue region from structurally higher costs, low levels of investment
- Historic moment with momentum building for new approach to Europe industry transformation
- Green Deal objectives need to work alongside measures to improve competitiveness
- New requirements for Environmental, Social and Governance (ESG) reporting and Extended Producer Responsibility (EPR) will have big impact on chemicals
- Compliance teams face a “nasty cocktail” because of lack of regulatory clarity
- Shift from risk to hazard-based approach
- Regulations create opportunities for innovative chemical companies
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