Europe top stories: weekly summary

Author: ICIS Editorial

2021/09/27

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 24 September.

Russia's Baltic Chemical Plant PE project aims to add 3m tonnes/year by 2025
Russia's Baltic Chemical Plant €10bn project, one of the world’s largest polyethylene (PE) expansions, will start commercial production from mid-2024, targeting its domestic market as well as export destinations including Europe, Asia, Latin America, and Africa, according to the CEO at the producer.

Bottlenecks hinder September economic growth in eurozone
Supply bottlenecks have slowed the rate of economic growth in the eurozone, impacting both manufacturing and services sectors in September, following a 15-year high in July.

INTERVIEW: BASF to scale up new decarbonisation tech in second half of decade - CEO
Germany-based BASF aims to scale up two key decarbonisation technologies in the second half of the decade, its CEO said.

Bottlenecks crimp German recovery despite record-high order book levels
Bottlenecks in supply chains are hampering recovery in the German manufacturing sector, according to the latest research from economists at the Ifo Institute on Wednesday.

Petchems on alert as high natgas prices lead to Europe fertilizer output cuts
European fertilizer output cuts due to high natural gas prices are keeping petrochemical producers on high alert as energy costs could add another challenge after a year of record-high transport costs.

Europe PMA availability concerns emerge linked to feedstocks
European propylene glycol methyl acetate (PMA) feedstock shortages remain a concern as signs of tightness emerge ahead of Q4.