It’s not so many weeks back that a shortage of trucks and containers, low water on the Rhine, meant that producers could not meet demand. More recently, the production of energy-intensive chemicals such as ammonia, methanol, VCM and so on has been slashed by 30% to 50% and more in some cases. As ICIS reported recent shutdowns and premature turnarounds are everywhere.
As you say, the European petchem sector is readying for some tough quarters ahead as industrial activity and consumer demand turns down. It’s a different picture in the US where demand remains strong and low-priced product is finding its way to Europe.
So is this the best time ever to find a new role in the chemical industry – if you are in Europe, you would expect me to say probably not. But actually, it depends. So let me give you four answers to this question:
By Andrew Kris, Borderless
INEOS Inovyn announces a new Ultra Low Carbon range (ULC) of Chlor-Alkali products that reduce the carbon footprint of caustic soda, caustic potash and chlorine by up to 70% compared to industry averages. The new range uses renewable energy sources to power INEOS Inovyn manufacturing sites.
Solvay operates seven soda ash plants worldwide. Beyond Green River, coal is being phased out at two of the company’s plants in France and Germany. By the end of 2024, the Rheinberg, Germany site will become the first soda ash plant in the world to be powered primarily with renewable energy.
The Chemours Company has named Pamela Fletcher to its board of directors, effective March 1. Fletcher, formerly the chief sustainability officer at Delta Air Lines Inc., takes the seat of Sandra Phillips Rogers, who has opted not to stand for reelection to the company’s board.