Episode 1242: Think Tank: Europe chemicals can thrive with new EU industrial policy, fair regulation

Europe’s beleaguered petrochemical industry could see its fortunes improve dramatically if Mario Draghi’s new industrial policy proposals are adopted, along with a fair regulatory framework.  -          New industrial strategy can rescue region from structurally higher costs, low levels of investment-          Historic moment with momentum building for new approach to Europe industry transformation -          Green Deal objectives need to work alongside measures to improve competitiveness-          New requirements for Environmental, Social and Governance (ESG) reporting and Extended Producer Responsibility (EPR) will have big impact on chemicals-          Compliance teams face a “nasty cocktail” because of lack of regulatory clarity -          Shift from risk to hazard-based approach-          Regulations create opportunities for innovative chemical companies