Energy Efficiency Rises Up the Political Agenda

European petrochemical firms are committing to programs that aim to cut costs by improving energy efficiency. Industry associations including Cefic say it is a strategy that makes good sense for individual businesses and for the environment. No petchem companies have set absolute greenhouse gas (GHG) emission targets, however, and that continues to pose a problem for European Union (EU) governments, which must hit Kyoto Protocol emission-reduction targets. EU governments ultimately want chemical firms to pay for any rises in GHG emissions via the application of...

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