Chemical Conversations: Is EU ETS Reshaping Europe’s Petrochemical Sector?

28/10/2025 13 min Episodio 1108
Chemical Conversations: Is EU ETS Reshaping Europe’s Petrochemical Sector?

Listen "Chemical Conversations: Is EU ETS Reshaping Europe’s Petrochemical Sector?"

Episode Synopsis

Carbon pricing is becoming a more visible factor in the cost structure of European petrochemicals. Following on from our recent insight paper 'The true cost of EU ETS and CBAM on the European Petrochemical industry', Argus experts Alan Williamson, Victoria Hatherick and Anna Fittock unpack the implications of EU ETS Phase 4 and CBAM for the region’s steam cracker fleet, including:


How carbon costs are calculated for EU crackers, and why they vary depending on emissions performance and benchmarking


The evolution of ETS pricing and its impact on competitiveness


How CBAM is designed to level the playing field and why its limited scope may accelerate downstream import substitution


Why indirect costs from ETS, such as higher energy prices, remain a concern for EU producers


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