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