European Plastic Industry in Decline

The plastic production industry in Europe declined in 2023 by over 8%. https://plasticseurope.org/media/falling-eu-competitiveness-threatens-circular-plastics-transition/#:~:text=Brussels%2C%2018%20November%202024&text=Compared%20to%202022%2C%20total%20EU,7.8%25%2C%20reaching%207.1%20Mt.

Europe’s eroding competitiveness threatens its industry’s circular plastics transition. Perhaps its focus on circular plastics is the problem?

Ineos Sir Jim Ratcliffe believes European environmental regulations and carbon tax are killing the chemical manufacturing industry in Europe. https://www.ineos.com/news/ineos-group/open-letter-from-jim-ratcliffe/ Ineos is currently building a ethylene cracker complex that will use ethane from the USA to help make Europe more globally competitive and reduce emissions.

https://project-one.ineos.com/en/about-project-one/

Europe is proposing $100 billion subsidies to help it’s energy intensive industries be competitive and more green. https://commission.europa.eu/topics/eu-competitiveness/clean-industrial-deal_en

The deal overlooks the contribution of plastics, says Plastics Europe.

Ted plastics rehab talk with a different view on plastics.