10% Of Ethylene Capacity In Europe Face Off

Recently, naphtha prices hit record highs by the support

, the original plain vinyl market in Europe appears to soar. While the vitality of the market began to recover, but in last week's European Chemical Industry Council seminar on the economic outlook, the European Chemical Industry Council executive director of the Association of the European petrochemical producers,CAS 1679-53-4, said the Secretary-General Pierre Kate Nice, the European vinyl industry outlook, the European Union Emissions Trading System (ETS) or accelerated the implementation will lead to the closure of ethylene cracker in Europe.

Kate Nice interview space at the seminar said that the implementation of this data is based on the ETS to the ethylene cracker manufacturers add 30 euros / ton cost assumptions,10-Hydroxydecanoic Acid, the additional cost of this part of the ethylene cracker enough to most European manufacturers into the red position . With carbon trading prices continue to rise, adding further increase the cost of fear. The current European manufacturer of ethylene cracking the average production cost of about 1200 euros / ton, while in the Middle East producers, the average cost of production is only 300 to 400 euro / ton. That the design capacity of less than 30 tons / year cracker and a small service for more than 35 years old plant is expected to be the first to be eliminated,10-Hydroxydecanoic Acid exporters, the other, those who do not extend to the downstream ethylene cracking unit also faces the risk of closure.

EU ETS is the main pillars of climate change policy, in January 2005 came into effect, according to this system, carbon dioxide emissions from large EU member states must monitor their emissions and related data submitted to the Government every year. ETS plans to reduce carbon emissions per year and 1.74% in 2020 compared to 1990 carbon emissions by 20% to achieve the goal. More and more chemical companies will join the program, and free enterprise carbon emissions will also be gradually reduced. The end of October this year,10-Hydroxydecanoic Acid price, the European Commission announced plans in 2013 to control carbon dioxide emissions in the 2.039 billion tons.

Source: http://www.mhcfm.com

by: ddew

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