Europe top stories: weekly summary
ICIS Editorial
05-Sep-2022
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 2 September.
Germany’s automotive
sentiment plunges on ‘general darkening
mood’
Sentiment in Germany’s key,
petrochemicals-intensive automotive sector
slumped sharply in August on the back of the
“general darkening mood” in the economy,
research institute Ifo said on Friday.
Eurozone, UK under
‘recessionary conditions’ as winter storm
gathers pace – ICIS economist
Economic indicators in the eurozone and the UK
are worsening as domestic and overseas demand
is weakening, suggestive of “recessionary
conditions” for the months ahead, an economist
at ICIS said on Thursday.
Europe propylene
September contract drops by €165/tonne on
naphtha, weak demand
The European propylene contract reference price
for September has been set at €1,230/tonne,
down by €165/tonne from August.
BASF’s oil and gas
affiliate plans CCS project connecting Germany
to Norway
BASF’s Winterhall Dea oil and gas affiliate and
Norwegian energy major Equinor have agreed to
work on developing “an extensive and safe
carbon capture and storage (CCS) value chain”
connecting German carbon dioxide (CO2) emitters
to offshore storage sites on the Norwegian
continental shelf, officials said on Tuesday.
Germany’s chemicals,
wider manufacturing materials shortage eases in
August
Germany’s acute manufacturing materials
shortage eased in August, with just under half
of chemical companies now reporting trouble
sourcing inputs, research institute Ifo said on
Tuesday.
Poland’s Anwil restarts
fertilizers production ‘for sake of food
security’
Poland’s PKN Orlen on Monday announced that its
Anwil subsidiary is to restart its nitrogen
fertilizers production “for the sake of food
security”.
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