Europe top stories: weekly summary

Author: ICIS Editorial

2021/05/17

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.