PODCAST: Europe chemicals can thrive with new EU industrial strategy, fair regulation

BARCELONA (ICIS)–Europe’s beleaguered petrochemical industry could see its fortunes improve dramatically if Mario Draghi’s industrial policy proposals are adopted, along with a fair regulatory framework.

• New industrial strategy can rescue region from structurally higher costs, low levels of investment
• Historic moment with momentum building for new approach to Europe industry transformation
• Green Deal objectives need to work alongside measures to improve competitiveness
• New requirements for environmental, social and governance (ESG) reporting and extended producer responsibility (EPR) will have big impact on chemicals
• Compliance teams face a “nasty cocktail” because of lack of regulatory clarity
• Shift from risk to hazard-based approach
• Regulations create opportunities for innovative chemical companies

In this Think Tank podcast, Will Beacham interviews Georgie Messent and Thomas Delille from law firm Squire Patton Boggs, Nigel Davis from the ICIS market development team and Paul Hodges, chairman of New Normal Consulting.

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

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