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PEPP 2014: Europe's polyolefins industry must innovate, improve feedstock flexibility

9:59 AM MDT | June 25, 2014 | Francinia Protti-Alvarez in Zurich

Europe's olefins and polyolefins industry needs to improve its feedstock flexibility while continuing to innovate and create opportunities, since it faces growing competition from other regions, says Daniele Ferrari, president and CEO of Versalis. "Many players are transforming their asset base to face the unfavorable outlook," Ferrari said in a keynote speech to the 22nd Polyethylene and Polypropylene Chain Global Business Forum (PEPP), hosted by IHS, which opened at Zurich today. "The average cost of retrofitting a 500,000-m.t./year naphtha-based...

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