Europe top stories: weekly summary
ICIS Editorial
17-May-2021
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 14 May.
High
global chemicals prices may stoke downstream
inflation
Rising chemical prices around the world may be
helping to stoke inflation in downstream
industrial production and consumer goods.
INSIGHT: UK carbon
trading system launch
The UK launches its own carbon emissions
trading system (ETS) on 19 May with the
prospect of higher prices for traded allowances
as the country seeks to roll out ambitious
plans to tackle climate change.
Italy
plastics tax: latest developments
Italy’s €450/tonne tax on virgin plastics due
to come into effect on 1 July 2021 has been
postponed to January 2022, several sources in
the country have said.
INSIGHT: Policy delays
slow biofuels market growth
Shifting government priorities are continuing
to weigh on the growth of biofuels, with the
policy-driven sector buffeted by delays in new
legislation and low fossil fuel costs.
IPEX:
April global update
The ICIS Petrochemical Index (IPEX) extended
gains slightly in April, rising 1.8% for the
month, tracking price increases seen across
most of the major petrochemical and plastics
commodities, not least in Europe and the US.
Renewables to be bulk of
energy capacity growth 2021-22 – IEA
Renewables are expected to account for 90% of
total global capacity increases in both 2021
and 2022, according the International Energy
Agency (IEA)’s report published on Tuesday.
Brenntag tops ICIS Top
100 Chemical Distributors ranking
ICIS Chemical Business magazine is pleased to
announce the 12th annual ICIS Top 100 Chemical
Distributors listing.
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