30 September 2007 17:44 [Source: ICIS news]
By Nigel Davis
BERLIN (ICIS news)--It can never again be “business as usual” in the European petrochemical industry, EPCA president and CEO of SABIC Europe, Boy Litjens, said on Sunday on the sidelines of the industry's annual meeting.
“You have continually to work on your cost profile. But eventually this comes to an end," he said, neatly expressing the reality facing all petrochemical producers based in this mature but increasingly complex market. Click here to hear the interview.
“You more and more have to focus on the high end,” he added, referring to European producers move into specialised markets and away from commodities that can be produced more cheaply in feedstock advantaged parts of the world.
The European industry faces three major challenges, Litjens believes: increasing capacity in the ?xml:namespace>
Demand for petrochemical derivative will continue to grow, Litjens suggests, but
The European petrochemicals picture will become more complex with companies having to focus further on logistics; security of supply; routes to market and corporate sustainability, among other factors. The European petrochemicals business is sustainable; it’s just that business life is going to get more difficult.
Companies such as his own with a “dual leg” strategy, with access to low-cost petrochemicals production in the
A new cracker for
Give it two or three years and it will be possible to look at cracker investment in
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