EU issues initiative to enhance chemical competitiveness

Establishing a Senior Expert Group to Prepare Specific Policies for the Chemical Industry Currently, the focus of the global chemical industry is shifting to the Middle East and Asia Pacific region. The European chemical and petrochemical industry faces challenges from emerging countries that have attracted the attention of the European Commission. Although the EU still has the largest chemical industrial system and accounts for 30% of the global chemical industry's sales, the eastward shift of the global chemical industry's focus has begun to make the EU chemical industry's prospects somewhat uncertain. In order to better analyze and respond to challenges, the European Commission recently formed a high-level expert group on chemical industry competitiveness, which will develop a set of special policies to enhance the competitiveness of the EU chemical industry and achieve sustainable development.
In 2005, the European Commission announced that it will establish a high-level expert group on the competitiveness of the chemical industry as part of the Lisbon plan. The Lisbon plan is a policy framework that will enhance the competitiveness of the EU manufacturing industry. The formation of a high-level expert group is a reasonable measure for the EU to meet the challenges faced by the chemical industry. However, the EU also pointed out that the senior expert group is only an advisory body and has no formal power. The industry believes that the formation of a high-level expert group is the beginning of close cooperation between the European Commission and the European chemical industry. Through this cooperation, the European chemical industry will develop in a better direction.
A team of high-level experts absorbs experienced professionals to provide constructive, practical advice for strengthening the European chemical industry. The high-level panel of experts includes high-level representatives of the European Commission and governments of EU member states, as well as top European chemical and petrochemical companies, such as the CEOs of Arkema, BASF, Shell, Total and others. The European Commission also invited members of the European Parliament to join the expert group. The other members of the high-level expert group are from academic groups, trade organizations, environmental protection and consumer organizations. The European Commission said that the purpose of doing so is to make the composition of senior experts more balanced, so that the issues discussed can be of interest to large and small chemical companies.
After conducting a systematic inspection of large-scale chemical companies in the European Union, the high-level chemical industry competitiveness expert group believes that the chemical industry is relatively complex and closely related to major issues such as energy consumption and efficiency, innovation, and science education. Therefore, the EU chemical industry is structured. Adjustment still needs further analysis.
The European chemical industry has decided to a large extent the competitiveness of Europe's overall industry. The European chemical industry's ability to cope with challenges in the next 10 to 20 years will play a decisive role in Europe as a whole. Taking into account this challenge of global climate change, close cooperation between the EU public sector and private companies is crucial. Only in this way can the sustainable development of the European chemical industry be ensured. The EU petrochemical and plastics industries will face more intense competition, and controlling production costs is the main driving force for improving the competitiveness of the EU chemical industry. In addition, the new million-million-ton ethylene plants in the Middle East and Asia also put the European Union’s ethylene plant at a disadvantage in terms of scale. A more prudent solution to this problem is to upgrade production facilities and improve infrastructure, but it is clear that they want to make it available in the near future. Rapid changes in the European ethylene plant are still very difficult.
The high-level expert group on chemical industry competitiveness will carry out statistical analysis on the factors that determine the rapid changes in the European chemical industry and other factors that affect the status of the European chemical industry, and will present a final report detailing the current status and future expectations of the European chemical industry, and Put forward a series of recommendations and policy directions for the European Commission, EU member states and European chemical companies to choose. The European Commission plans to hold five high-level expert group meetings in recent years. The latest one will be held in early 2009. The timetable of the meeting has already been approved by the European Commission.
The CEOs of chemical companies who have joined the senior experts group are more optimistic about the industrial initiative changing the status of the EU chemical industry. The European Chemicals Committee also believes that the senior expert team will bring positive and beneficial influence. At the European Chemicals Distribution Association's annual meeting held in Paris in early 2007, officials of the European Chemicals Commission believed that a platform built by a group of high-level experts will enable various investors to understand well the sustainable development of the chemical industry for sustainable European society. Development plays an important role.

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