Europe top stories: weekly summary
ICIS Editorial
14-Sep-2020
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 11 September.
US
DAK force majeure prompts unusual European PET
exports, helps alleviate excess
stocks
A force majeure declaration by US producer DAK
Americas has propelled the European
polyethylene terephthalate (PET) market on a
new course as an exporter.
INSIGHT: New legislation
makes no deal Brexit more likely, industry must
prepare
As the UK publishes new legislation which seeks
to renege on important parts of the Brexit
withdrawal agreement, the country’s chemical
sector and its trading partners need to ramp up
preparations for the rising prospect of a no
deal exit from the EU on 31 December, 2020.
Global construction
sector to grow 35% to 2030 on urbanisation,
softer pandemic impact
The petrochemicals-intensive construction
sector is expected to continue expanding as
relentless urbanisation in China and other
developing economies fuels above-than-average
growth.
Bulk
of technologies to decarbonise chemicals still
in pre-commercial stages – IEA
The majority of technologies necessary to
decarbonise the chemicals sector remain in the
pilot or pre-commercial stages and could take a
decade before wide-scale deployment becomes
feasible, the International Energy Agency (IEA)
said on Thursday.
INEOS
Styrolution, Trinseo and Agylix plan new PS
chemical recycling plant
European styrenics majors Trinseo and INEOS
Styrolution and chemical recycler Agylix plan
to start up a depolymerisation plant for
chemical recycling of polystyrene (PS), an
executive at Trinseo said on Wednesday.
Europe plastic taxes may
favour PET, pandemic drives packaging
demand
Plastics packaging taxes rolling out across
Europe are likely to favour polyethylene
terephthalate (PET) over other polymers, such
as polypropylene for some food and drink
applications due to greater ease in sourcing
secondary material, a consultant said on
Wednesday.
Poland’s Ciech enters
losses in Q2, expects ‘elongated U-shaped’
recovery
Ciech, the second largest European soda ash
producer, posted a net loss of zloty (Zl) 5m
($1.3m) in the second quarter on the back of
coronavirus pandemic-induced lockdowns across
the region, the Polish producer said this week.
Germany H1 chems, pharma
sales fall 6% but sector posts ‘signs of
recovery’
Germany’s chemicals and pharmaceutical sales
fell over 6% in the first six months of 2020,
trade body VCI said on Tuesday, with the
projected fall for the year likely to at a
similar level.
Germany’s chems output
rises in July, sentiment stabilises
The German chemicals industry’s output rose in
July, month on month, and companies expect
production in August to have been stable.
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