Petrochemicals: underpinning Europe’s future sustainability
In line with its mission, Petrochemicals Europe is dedicated to promoting the best possible environmental, social and economic conditions to develop and maintain a healthy petrochemical industry in Europe. As Europe strives to remain economically competitive on the world stage, it must do so while protecting the environment and its communities.
The petrochemical sector has embraced the sustainability challenge and has made substantial increases in production efficiency while steadily decreasing its energy input. Greenhouse gas (GHG) emissions have been continuously falling in the EU chemical sector since 1994 while at the same time the industry has increased production by 60%. The EU petrochemical sector pledges to reduce its environmental footprint even more as it pursues its long-term objectives to contribute to a greener world with less GHG emissions and increased energy efficiency. Innovations for Greenhouse Gas Reductions
As an innovator of new technologies that improve processes and create new and better performing products, the EU petrochemical sector will need to remain competitive at a global level to be able to continue to invest and contribute as a key partner in Europe’s sustainability challenge. Currently global sustainability regulations and targets are inconsistent, creating unfair advantages for those regions that are not as stringent in their requirements.
It is crucial that authorities in the EU continue to advocate with the United Nations and global institutions such as the OECD, in favour of sustainable development in all regions to accelerate progress and avoid distortion in competition.
In an interview with global information provider Platts, Dorothee Arns talks about the strengths and weaknesses of the petrochemicals industry in Europe. Listen here to the Platts Petrochemicals Focus.