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

  • Sep 10 2024
  • Length: 33 mins
  • Podcast

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

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  • Summary

  • 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

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