Global petrochemical producer Ineos has seen its profit from European assets halve while those from the US have tripled in the last three years. Tom Crotty, group director, talks to Platts' Nandita Lal and Hetain Mistry about the European petrochemical industry's dismal performance, shale gas in Europe and Ineos's initiatives in Europe.
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As the European petrochemicals industry faces up to the harsh realities of weak fundamentals, high costs and low margins, the European Petrochemicals Conference will explore the strategies that producers can put in place to help overcome low demand, adapt to current market conditions and remain competitive long-term.