European Chemical Industry: Dilemma, what's the way out

[China Epoxy Network (China Epoxy Industry Online)January 12, 2015: At the 48th Annual Meeting of the European Petrochemical Association (EPCA), the Executive Deputy of Shell Chemical Company President Graham van't Hoff asked: With the European economy struggling today, can the European chemical industry still have core advantages to maintain its market competitiveness? Indeed, the current development of the European chemical industry seems to be in a dilemma.
Recently, Cefic predicts that the EU's chemical industry will still grow weakly in 2015, and there is no hope of recovery in the short term.
Cefic also lowered its previous forecast of 2015 European chemical production growth from 1.
5% to 1%.
According to industry insiders, in the coming year, the EU's petrochemical industry will continue to grow weakly and it is difficult to perform well, but at the same time, 2015 is also a year when the industry is thinking about changing and developing and constantly seeking.

Cost disadvantage drags the industry into a trough.

Climate policy is in line with industry development.

Difficulties and changes to find a way out
Although the European petrochemical industry did not perform well in the international market in 2014, in the face of 2015, industry insiders are still cautiously optimistic about the future development.