Europe top stories: weekly summary
ICIS Editorial
20-May-2019
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 17 May.
INTERACTIVE: Falling
automotive sales hit global chemical
markets
Automotive sales are falling in all major
regions of the world, with knock-on effects for
chemicals demand in many value chains
Arkema’s $570m ArrMaz buy
pushes company closer to 80% specialties target
– CEO
The purchase of US-based surfactants producer
ArrMaz is another step toward Arkema’s target
of deriving over 80% of its revenues from
specialty products by 2023, the CEO of the
France-based chemicals firm said on Thursday.
EU’s
repeal of ADDs on US ethanol ‘risks serious
consequences for entire value chain’- trade
body
The EU’s repeal of anti-dumping duties (ADDs)
on US fuel ethanol will subject Europe
producers and associated industries to “unfair
trade practices” as well as denting European
climate change ambitions, trade body ePure said
on Wednesday.
New
non-OPEC oil project investment to hit all-time
high this year
Investment in new non-OPEC oil and gas projects
is likely to hit an all-time high this year and
increase in 2020, as firmer prices and swelling
cashflow signal an end to restricted spending
in the sector, cartel OPEC said on Tuesday.
Europe C4 LLDPE spot at
10-month high
Linear low density polyethylene (LLDPE) C4
(butene based) spot prices have reached a high
not seen since June 2018.
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