Europe top stories – weekly summary

19 November 2012 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 16 November 2012.

Europe in a 10-year period of stagnation – Borealis CEO
Europe has entered a 10-year period of stagnation, due in part to an unwillingness by EU politicians to make substantive structural changes to their economies, Borealis CEO Mark Garrett said on Friday.

EU chemicals output falls by 2.2% in August – Cefic
EU chemicals production fell by 2.2% year on year in August, driven by sharp falls in specialty and consumer chemicals production, industry body Cefic said on Thursday.

Global polyester market to face overcapacity challenges – CEPSA
The global polyester market will face challenges of overcapacity and feedstock supply constraint moving forward, said a major European producer of paraxylene (PX) and purified terephthalic acid (PTA) on Wednesday.

Benzene to remain volatile on supply issues – executive
Global benzene volatility is expected to continue amid availability challenges and lower benzene, toluene, xylene (BTX) extraction, said Craig Barry, global business director, aromatics at Dow Chemical, on Tuesday.

Margin pressure on Europe petchems intensifying – consultant
European petrochemicals companies are likely to face growing margin pressure in the future due to uncompetitive feedstock prices, an ageing asset base and increasing competition from Asia and the Middle East, consultancy Roland Berger said on Monday.

(Please click on the links to read the full text)

By: Staff Reporter
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