INEOS, a member company of Petrochemicals Europe, announced on 3 July that it would build an ethane steam cracker and a propane dehydrogenation unit in North West Europe. The steam cracker will be the first to be constructed in Europe in over 20 years.
The EU chemicals sector continued to grow during the first quarter of 2018, but at a slower pace due to the Eurozone economy’s slowdown. Exports to the US rose by nearly 20% in value compared to last year. Petrochemicals accounted for 87% of the exports' increase, although production decreased.
As the REACH registration deadline (31 May) has passed, the European Chemicals Agency (ECHA) and Cefic signed a cooperation agreement on 15 June to further improve REACH implementation.“The European chemical industry is looking to the EU and member states to make sure REACH becomes a competitive advantage for the European industry”, says Cefic.