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Paper 3
Micro/Macro THINKING
European plastic makers
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Created by
Toby Landes (GRK7)
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Cards (22)
What is happening to European plastics manufacturers?
They are closing
plants
due to production
decline
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By what percentage did plastic production in Europe decline in 2023?
3 percent
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What is the most common form of plastic recycling in Europe?
Mechanical plastics recycling
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Why has mechanical plastics recycling declined in Europe?
Due to a
drop
in demand
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Who is Virginia Janssens?
Managing director
of Plastics Europe
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What concern does Virginia Janssens express regarding energy-intensive industries?
Deindustrialisation
in Europe and reliance on
imports
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Which country is the largest plastics producer in Europe?
Germany
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How does the decline in European plastic production compare globally?
Europe's
production fell while
global production
increased
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What was the percentage increase in global plastic production?
4 percent
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What percentage of petrochemical capacity increases in 2023 was attributed to China?
60
percent
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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
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What did ambitious climate targets lead to during the European Commission’s previous term?
A wave of
regulation
affecting growth
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What factors did Mario Draghi attribute to the EU’s flagging economic growth?
High energy prices
, regulations, and
lower cost production
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How has the glut of virgin plastic outside Europe affected recycled material?
It
undermined
the
business
case for
recycled
material
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What did Plastics Recyclers Europe say about the European plastics recycling market?
It is experiencing a
downward
trend
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Which companies announced they would shut petrochemicals plants in Europe?
ExxonMobil
and
Sabic
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What did Rob Ingram say about Europe’s regulatory burden?
It is a
self-inflicted wound
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What did Ingram suggest is necessary for sustainable production in Europe?
New investment
in
Europe
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What did Ingram warn about the future of European production?
Competitors may leave Europe for
better conditions
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What did Ingram say about the flow of investment in plastics production?
It is flowing to the
US
and
Asia
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What did Janssens say the industry wants regarding recycled content?
Targets
for recycled content in various products
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What did Janssens call upon policymakers to provide?
Urgent help for
circular plastics
investments
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