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Chemical Week Magazine :: Basic Chemicals & Plastics

European Producers Seek Higher Ground

7:16 AM MDT | September 21, 2012 | —Gregory DL Morris and Robert Westervelt

Siermann: Focus on sophisticated products. Ferrari: Limit exposure to gas-based PE. European petrochemicals markets remain difficult, with producers buffeted by weak demand, a high cost position, and sharp swings in feedstock prices. The near-term outlook remains poor, but producers say ongoing consolidation and a shift toward higher-value products with less exposure to ethylene-based basic commodities can help European petrochemical ensure globally competitive operations. “Current conditions are very challenging in Europe,” says Thys Siermann, Dow...

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