• Episode 1309: Think Tank: Hopes pinned on Clean Industrial Deal as Europe deindustrialisation gathers pace

  • Feb 25 2025
  • Durée: 18 min
  • Podcast

Episode 1309: Think Tank: Hopes pinned on Clean Industrial Deal as Europe deindustrialisation gathers pace

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  • Résumé

  • Europe’s petrochemical sector will need to see bold moves in the EU’s Clean Industrial Deal to help reverse its decline.
    - May be a conflict between aim of making Europe more competitive and environmental goals

    - Europe is in the “last chance saloon” to halt deindustrialisation

    - Europe industry burdened by high cost of energy, CO2

    - Improved connectivity for renewable power will be essential for chemicals

    - Reform of Carbon Border Adjustment Mechanism (CBAM) welcome if it really protects local manufacturing

    - Huge investment needed to make a low carbon future a reality

    - ICIS forecasts depressed operating rates for global ethylene, propylene to 2035

    - EU should focus on increasing tariff barriers, defence spending

    - Clean Industrial Deal should be welcomed as a direct response to Antwerp Declaration

    - Deal will be published on Wednesday 26 February

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