Episode 1367: Think Tank: Fate of Wilton, UK chemical site symptomatic of Europe’s troubles
The permanent closure of Sabic’s cracker and other facilities at Wilton, UK, shows how tough cond...
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Show Notes
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.