The European petrochemicals industry is facing a severe crisis, characterized by plant closures and financial losses, amid a rapid expansion of global capacity, especially from China. European producers are becoming increasingly dependent on imports of primary chemicals such as ethylene and propylene. The European Commission has promised support to modernize plants and prioritize goods made in Europe, but the measures may not be enough. Cracker closures and job losses threaten the industry's future as competition from North America and Asia grows fiercer.
Sources
Industria petrochimică europeană se confruntă cu închideri de uzine și caută modalități de salvare
Industria petrochimică din Europa, în declin. Combinatele se închid: "Este ca şi cum ai fi pe Titanic"
Industria petrochimică din Europa caută o barcă de salvare pentru a continua activitatea
Industria petrochimică din Europa caută o barcă de salvare pentru a continua activitatea (analiză Reuters)
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