Europe top stories: weekly summary
ICIS Editorial
25-Mar-2019
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 22 March.
LANXESS’ ARLANXEO stake
sale prompted by Aramco buy-out offer –
CEO
The sale of LANXESS’ remaining 50% stake ahead
of market expectations was prompted by a
buy-out offer by joint venture partner Saudi
Aramco based on the growth plans of the oil and
gas giant for the business , according to CEO
Matthias Zachert.
Egypt’s $10bn TPC
petchems project to outshine Mideast
competitors – Carbon Holdings CPO
Egypt’s planned $10bn Tahrir Petrochemicals
Complex (TPC) in the Suez Economic Zone will
outshine competitors in the Middle East as its
exports to Europe will be more competitive when
it starts up in 2023, according to the chief
projects officer (CPO) at producer Carbon
Holdings.
‘Over-zealous’ Germany
energy transition risking industrial
competitiveness – Wacker CEO
The increasing operational costs arising from
Germany’s transition away from nuclear and coal
energy could lead to upheavals in German
industry “that no one can or want to imagine”,
according to Wacker Chemie CEO Rudolf Staudigl
said.
Chems
recycling maturity timeline shortening as
momentum builds – INEOS director
The popular perception of a 10-year window
before chemicals recycling matures may be
pessimistic due to the level of industrial and
governmental interest, with the technology
representing the ultimate solution to the
viability of the circular economy, according to
INEOS director Tom Crotty.
Europe PET demand needs
to improve for sellers to claw back margins in
April
The European polyethylene terephthalate (PET)
market is quiet but tense as demand in many
places lacks the usual momentum and production
costs have risen.
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