PODCAST: UK chemicals fighting Four Horsemen of the Apocalypse – CIA CEO
LONDON (ICIS)–The UK chemicals industry is battling the quadruple challenges of Brexit, COVID-19, the cost of living crisis and the war in Ukraine, according to Stephen Elliott, CEO of UK trade group the Chemical Industries Association.
- UK chemicals facing Four Horsemen of the Apocalypse: Brexit, COVID-19, cost of living crisis, war in Ukraine
- UK no longer has access to Horizon Europe programme with EU scientists
- UK suffering academic brain drain
- Disagreement over Northern Ireland protocol threatening free chemicals trade
- Around 60% of UK chemicals exports go to EU, 75% imports from EU
- UK chemical exports to EU are recovering
- Consultation on extending UK REACH registration deadline published today
- Main deadline may be delayed from October 2023 to October 2026
- CIA wants to diverge from “worst excesses” of future EU REACH developments
- UK chemicals CEOs report that it is more difficult now to pass on energy price increases to customers
- Signs that previously robust demand is now faltering
- UK CEOs expect sales to fall in Q3 2022 for the first time since 2020
- Interruptions to German chemical supply could impact UK supply chains
In this Think Tank podcast, Will Beacham interviews Stephen Elliott, CEO of the CIA.
Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.
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