PODCAST: UK chemicals fighting Four Horsemen of the Apocalypse – CIA CEO

LONDON (ICIS)–The UK chemicals industry is battling the quadruple challenges of Brexit, COVID-19, the cost of living crisis and the war in Ukraine, according to Stephen Elliott, CEO of UK trade group the Chemical Industries Association.

• UK chemicals facing Four Horsemen of the Apocalypse: Brexit, COVID-19, cost of living crisis, war in Ukraine
• UK no longer has access to Horizon Europe programme with EU scientists
• UK suffering academic brain drain
• Disagreement over Northern Ireland protocol threatening free chemicals trade
• Around 60% of UK chemicals exports go to EU, 75% imports from EU
• UK chemical exports to EU are recovering
• Consultation on extending UK REACH registration deadline published today
• Main deadline may be delayed from October 2023 to October 2026
• CIA wants to diverge from “worst excesses” of future EU REACH developments
• UK chemicals CEOs report that it is more difficult now to pass on energy price increases to customers
• Signs that previously robust demand is now faltering
• UK CEOs expect sales to fall in Q3 2022 for the first time since 2020
• Interruptions to German chemical supply could impact UK supply chains

In this Think Tank podcast, Will Beacham interviews Stephen Elliott, CEO of the CIA.

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

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