Europe top stories: weekly summary
ICIS Editorial
24-Jan-2022
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 21 January.
Europe PET a basket of confusion, with imports
arriving and costs escalating
Polyethylene terephthalate (PET) in Europe is
split between those who see incoming imports
pressuring the market lower, and those who see
limited supply and high costs keeping the
market firm.
UK’s Britishvolt to build EV battery factory in
north of England
Britishvolt has announced plans to build a
£1.7bn electric vehicle (EV) battery factory in
Northumberland, the north England, the UK
company said on Friday.
Europe bioethanol prices tumble amid healthy
availability
European bioethanol fuel prices fell for the
first time in nearly a month amid healthy
availability, as the first spot trades of the
year were conducted last Thursday and Friday.
Crude market could reach surplus in Q2 on muted
Omicron impact – IEA
The crude oil market could post a surplus in Q2
as producers increase output to take advantage
of prices at multi-year highs, the
International Energy Agency (IEA) said on
Wednesday.
INSIGHT: Chemically recycled content to be
exempt from Spain’s plastic packaging
tax
Spain’s draft legislation on the circular
economy proposes that material produced by
chemical recycling will not be subject to its
€450/tonne tax on single-use plastic packaging.
INSIGHT: Shifting global investment in
chemicals research is a challenge for
established markets
The chemical industry developed through the
clever application of chemistry and technology
and will continue to do so as companies adapt
to meet the climate threat alongside the needs
of growing market demand.
Eastman invest $1bn in French hard-to-recycle
PET waste chemical recycling facility
Eastman is to invest up to $1bn in a
hard-to-recycle polyethylene terephthalate
(PET) waste methanolysis-based chemical
recycling facility in France, the US chemicals
major said on Monday.
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