Europe top stories: weekly summary
ICIS Editorial
31-Jul-2017
LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 30 July.
UK plans licence rule change to
incentivise van drivers switch to cleaner
fuel
The UK’s Department for
Transport and its Office for Low Emission Vehicles said on
Friday that the government has announced changes to driver
licensing rules that will ease the transition for van drivers
to switch to electric vehicles.
INEOS Phenol plans
‘world-scale’ cumene plant in
Germany
INEOS Phenol is
planning to build a “world-scale” cumene plant in
Germany with a potential start-up date of 2020, the European
chemical major said on Friday.
Swiss Clariant engaged in ‘positive’
dialogue with activist investor –
CEO
Clariant is actively
engaging with activist investors who are sceptical about the
company’s plans to merge with US chemical peer Huntsman as
more synergies are quantified in the negotiations taking
place, the CEO and the CFO at the Switzerland-headquartered
chemical company said this week.
BASF’s chems growth to slow in H2,
firm eyes battery market
BASF’s
healthy growth in chemicals earnings during the
first half of the year is unlikely to continue to the
end of 2017, the German chemical major said on
Thursday.
‘We’ll have to become electricity
traders’ – biofuels market reacts to UK petrol
ban
European biofuels market
participants are wondering what their role will be in the
future after the UK became the latest country to
announce on Wednesday a ban on all conventional petrol and
diesel car sales by 2040.
UK to ban combustion engines by
2040, follows other European
countries
The UK government is
set to announce a ban on all new diesel and petrol vehicles
from 2040, environment secretary Michael Gove said on
Wednesday.
Germany’s Covestro mulls expansions,
specialty acquisitions
Covestro
is mulling more capacity expansions on the back of strong
demand and due to the healthy free cash flows it expects to
generate in coming years, which equally “could be used” to
acquire specialty chemicals firms, executives at the German
chemical major said on Tuesday.
Europe LDPE looking firmer as
Versalis force majeure
lifted
European low
density polyethylene (LDPE) is considered one of
the strongest polyethylene (PE) grades at present, amid
confirmation of the lifting of Versalis’s LDPE force majeure
from its Dunkirk, France, plant.
(Please click the link to read the full story)
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