Episode 1409: Think Tank: ExxonMobil Scotland closure highlights need for new strategies to save Europe petrochemicals
Update: 2025-11-21
Description
The decision by ExxonMobil to close its ethane cracker in Scotland shows there is a need for faster action by lawmakers across Europe and more innovative thinking to safeguard the region’s chemical industry. - ExxonMobil to close its 830,000 tonnes/year, ethane-fed Fife Ethylene Plant - Questions over availability of North Sea ethane to feed the plant- Around $1 billion investment reportedly needed to revamp plant- Rising defence spending offers opportunities- Chemicals can switch to more technical and service-based products- INEOS preparing anti-dumping duties cases to protect its business- Europe must fight for its innovation advantage, other regions getting stronger- Aging population in Europe is a drag on demand
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