VIDEO: UK chemicals healthiest in Europe, threats remain

Will Beacham

07-Jul-2015

LONDON (ICIS)–UK chemical sector production is set to grow by a healthy 2.5% this year, fuelled by strong domestic demand growth and export markets, according to Stephen Elliott, CEO of UK trade group the Chemicals Industries Association.

He describes UK chemicals as “the healthiest chemical economy in a European context”. However the UK faces huge competition from the US, Asia and the Middle East. This makes exploitation of UK shale gas vital.

Importing US ethane will be an opportunity to rebuild chemicals supply chains in the UK, he adds.

Elliott also gives his personal perspective on the forthcoming UK in/out referendum on membership of the EU.

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