European plastic makers

Cards (22)

  • What is happening to European plastics manufacturers?
    They are closing plants due to production decline
  • By what percentage did plastic production in Europe decline in 2023?
    1. 3 percent
  • What is the most common form of plastic recycling in Europe?
    Mechanical plastics recycling
  • Why has mechanical plastics recycling declined in Europe?
    Due to a drop in demand
  • Who is Virginia Janssens?
    Managing director of Plastics Europe
  • What concern does Virginia Janssens express regarding energy-intensive industries?
    Deindustrialisation in Europe and reliance on imports
  • Which country is the largest plastics producer in Europe?
    Germany
  • How does the decline in European plastic production compare globally?
    Europe's production fell while global production increased
  • What was the percentage increase in global plastic production?
    1. 4 percent
  • What percentage of petrochemical capacity increases in 2023 was attributed to China?
    60 percent
  • What has happened to the European plastic industry’s share of the global market from 2006 to last year?
    It declined from 28 percent to 12 percent
  • What did ambitious climate targets lead to during the European Commission’s previous term?
    A wave of regulation affecting growth
  • What factors did Mario Draghi attribute to the EU’s flagging economic growth?
    High energy prices, regulations, and lower cost production
  • How has the glut of virgin plastic outside Europe affected recycled material?
    It undermined the business case for recycled material
  • What did Plastics Recyclers Europe say about the European plastics recycling market?
    It is experiencing a downward trend
  • Which companies announced they would shut petrochemicals plants in Europe?
    ExxonMobil and Sabic
  • What did Rob Ingram say about Europe’s regulatory burden?
    It is a self-inflicted wound
  • What did Ingram suggest is necessary for sustainable production in Europe?
    New investment in Europe
  • What did Ingram warn about the future of European production?
    Competitors may leave Europe for better conditions
  • What did Ingram say about the flow of investment in plastics production?
    It is flowing to the US and Asia
  • What did Janssens say the industry wants regarding recycled content?
    Targets for recycled content in various products
  • What did Janssens call upon policymakers to provide?
    Urgent help for circular plastics investments