Europe top stories: weekly summary
ICIS Editorial
20-Sep-2021
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 17 September.
ADNOC, BP mull hydrogen
hubs in Abu Dhabi, UK
ADNOC and BP have signed an agreement to
explore the construction of two hydrogen hubs
in their domestic markets, Abu Dhabi and the
UK, each with a production capacity of 1GW, the
two energy majors said on Friday.
EU
car registrations fall in July and August amid
semiconductor supply woes
The rally in European passenger car demand
ground to a halt at the start of the second
half of 2021, with purchasing falling around
20% year on year in July and August, according
to the European Automobile Manufacturers’
Association (ACEA).
Nitrates supply
disruption could impact food supply
Supply of the food that we eat could be
severely hampered by European halts in output
by major fertilizer producers because of record
high gas costs.
Europe epoxy resins
supply strain could extend into Q4 on import
disruption
Ongoing robust demand across most segments,
persistent feedstock constraints and import
delays continue to strain Europe epoxy resins
supply and the tightness could extend into Q4,
as Asian import disruption intensifies.
Tropical Storm Nicholas
to cause life-threatening floods in southern
US
Tropical Storm Nicholas is expected to cause
“life-threatening” flash floods across the
southern US as it approaches Houston, the
National Hurricane Center (NHC) said on
Tuesday, as hurricane warnings across the
region were downgraded.
OPEC
cuts Q4 crude demand estimates on Delta variant
uncertainty
OPEC has cut its forecast for global
fourth-quarter crude oil demand on the back of
the rise in prevalence of the Delta COVID-19
variant clouding the future demand picture, the
cartel said on Monday.
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