EPCA ’13: Europe’s focus in chemicals needs to change: Al-Mady

07 October 2013 15:15  [Source: ICIS news]

Mohamed Al-Mady, SABICBERLIN (ICIS)--The focus of the chemical industry in Europe must change, SABIC CEO Mohamed Al-Mady, said on Monday.

Producers in the region should focus on research and cost efficiency, technology and innovation and on customer needs, he told delegates at the 47th annual European Petrochemical Association (EPCA) meeting in Berlin, Germany.

Al-Mady expects to see a knowledge-driven chemical industry develop in Europe, focused on the needs of the customer, particularly in the areas of food, health and biotechnology.

Some government assistance would be needed to facilitate change, he suggested, to build a competitive regulatory framework and to help underpin targeted product and business innovation.

Innovation support was needed not simply at the pre-competitive level but at the development stage. The focus of European companies should change, Al-Mady said, adding that governments should support that transition.

The annual EPCA meeting runs from 5-9 October.

By: Nigel Davis
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index