Winners and Losers are now emerging in Europe’s petrochemical business.
Winners and Losers are now emerging in Europe’s petrochemical business.

We have used our 250 years of combined experience to identify the basis for future profits.

Winners and Losers are now emerging in Europe’s petrochemical business.

The environment in which the petrochemical industry in Europe operates is changing rapidly.

The industry is faced with high energy and operating costs. The external landscape is also changing due to rising geopolitical instability, and escalating military conflicts.

3 key risks therefore face the industry:

  1. Increasing pressure on volume and sales in major export markets
  2. The potential for a rise in imports to replace local production
  3. Declining cash-flow makes it harder to fund new investments to achieve Net Zero targets
Winners and Losers are now emerging in Europe’s petrochemical business.

We have identified 8 key indicators to identify Winners and Losers amongst the European Petrochemical sites.

  1. What impact are they making on the footprint of their products?
  2. Did the site release data on their scope 1 and 2 emissions and how did they reduce over the past 3 years?
  3. Did the site release data on their scope 3 emissions and how did these reduce over the past 3 years?
  4. Do they have a solid strategy and progress towards future suppliers?
  1. How well can the site survive economically?
  2. How well developed is the company’s corporate strategy and governance?
  3. How supportive is the socio-economic environment of the site?
  4. How well is their pathway for operations scope 1 and 2 defined?
Winners and Losers are now emerging in Europe’s petrochemical business.

Europe depends on its petrochemical industry.

95% of all its industrial production uses petrochemicals within their processes.

We can help you identify your best partner for the future to enable you to become a Winner in today’s New Normal world.

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New European legislation, along with increasing stakeholder and customer pressure, is set to challenge the petrochemicals industry on the issue of sustainability along its entire value chain.

It faces mounting pressure to reduce and/or mitigate its Scope 1, 2 and 3 GHG emissions. This new focus will involve the industry in moving beyond its existing activities to reduce emissions. It will require companies to actively develop, and implement, options to transition from fossil carbon feedstocks to renewables. In turn, this opens up exciting new opportunities for the introduction of new technologies and to turbocharge the rollout of circular business models to reduce plastics waste.

These developments will enable the industry to build closer relationships with its downstream stakeholders, including brand owners and waste companies, by going beyond its current focus on electrifying its steam-cracking operations for olefins production.

Existential crisis? Growth opportunity? Catalyst for restructuring?

This ground-breaking original New Normal analysis aims to promote debate and new activity in these vital areas for the future of the industry. Created by industry experts, each with decades of experience of running major European and global petrochemical businesses, it provides a detailed roadmap to help you position your business to survive and prosper in today’s New Normal world.

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