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EU chems ask for pragmatic Brexit while bracing for uncertainty

Posted on April 10th, 2017 by in Chemicals Industry News and Analysis

The UK and the remaining 27 countries within the EU should adopt a “pragmatic” approach to Brexit, according to trade group Cefic, but sources within the industry are bracing for more uncertainty as the UK pound sterling is expected to depreciate further while negotiations take place. Continue reading “EU chems ask for pragmatic Brexit while bracing for uncertainty” »

Tempered optimism ahead of wave of US project start-ups

Posted on April 7th, 2017 by in Chemicals Industry News and Analysis

It’s happening. The US cracker project wave is amplifying with Dow Chemical announcing the completion of its 1.5m tonne/year ethylene project in Freeport, Texas – the second new US cracker after the Occidental Chemical/Mexichem start-up in the first quarter of this year. Continue reading “Tempered optimism ahead of wave of US project start-ups” »

Industry growth rates, productivity threatened by global trends

Posted on April 6th, 2017 by in Chemicals Industry News and Analysis

Consultancy McKinsey’s chemicals practice threw some interesting thinking into the pot last week. Its research indicates that chemical sector returns have been flattening over the past few years with performance being negatively impacted by overcapacity and slower demand growth. Continue reading “Industry growth rates, productivity threatened by global trends” »