Episode 1301: Think Tank: Only strong political action can save EU chemicals
Europe’s petrochemical sector is in the midst of a crisis which EU leaders can solve through bold...
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Show Notes
Europe’s petrochemical sector is in the midst of a crisis which EU leaders can solve through bold actions, according to Ilham Kadri, president of Cefic and CEO of Syensqo.
- More than 11 million tonnes of European chemicals capacity slated to close
- Decline can be reversed with strong EU political action
- Simplify bureaucracy, lower energy costs, finance low carbon transition
- EU needs to stimulate demand for low carbon products, create level playing field against global competition
- Time to turn words into action through EU Clean Industrial Deal, new chemicals strategy
- Chemicals CEOs in Europe need to examine their portfolios to identify where they can win against global competitors
- Europe has a lot to offer – cutting edge technology, talent
- Region needs a strong economy and that is only possible with strong chemical industry