Episode 1301: Think Tank: Only strong political action can save EU chemicals

Europe’s petrochemical sector is in the midst of a crisis which EU leaders can solve through bold actions, according to Ilham Kadri, president of Cefic and CEO of Syensqo.   -          More than 11 million tonnes of European chemicals capacity slated to close-          Decline can be reversed with strong EU political action  -          Simplify bureaucracy, lower energy costs, finance low carbon transition-          EU needs to stimulate demand for low carbon products, create level playing field against global competition -          Time to turn words into action through EU Clean Industrial Deal, new chemicals strategy-          Chemicals CEOs in Europe need to examine their portfolios to identify where they can win against global competitors-          Europe has a lot to offer – cutting edge technology, talent-          Region needs a strong economy and that is only possible with strong chemical industry