Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 18 January.

Europe MMA Jan/Q1 contracts falling on weak global supply, demand fundamentals
European methyl methacrylate (MMA) January and first-quarter contract talks continue, with decreases expected for both amid a lengthening in global supply and weaker demand dynamics.

Brexit disarray preventing UK businesses from making investment decisions – CIA
The collapse of the draft deal for the UK’s breakaway from the EU is a disappointment to the country’s business community, leaving firms without the necessary clarity to make investment decisions, the UK’s chemicals trade group CIA said.

Dow, LyondellBasell, BASF, Henkel and other CEOs launch Alliance to End Plastic Waste
CEOs from chemical and plastics producers, consumer goods companies, retailers, converters, waste management firms and other organisations have signed up to the new Alliance to End Plastic Waste (AEPW), they said.

BASF mulls €2bn petchems joint venture in India, aims for 100% renewable energy supply
BASF is mulling a €2bn petrochemicals site in India through a joint venture with the country’s infrastructure major Adani which would be fully powered by renewable energy, the German chemicals major said.

EU clears BASF’s acquisition of Solvay’s nylon business
The European Commission on Friday cleared BASF’s acquisition of Solvay’s nylon assets after the two parties promised a remedy package addressing anti-trust concerns.

Europe acetone domestic, export spot prices down as length persists
European domestic and export acetone spot prices have decreased on the back of persistent length in the region, sources said.