{"id":31990,"date":"2022-05-27T11:14:02","date_gmt":"2022-05-27T09:14:02","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=31990"},"modified":"2022-05-27T11:14:02","modified_gmt":"2022-05-27T09:14:02","slug":"pie-flash-survey-on-russian-gashow-is-the-european-plastics-industry-preparing","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=31990","title":{"rendered":"PIE Flash Survey on Russian Gas:How is the European plastics industry preparing?"},"content":{"rendered":"

\u2022 Half of Europe\u2019s plastics companies fear supply stoppage of Russian gas<\/strong>
\n\u2022 France and German-speaking Europe expect greater impact<\/strong>
\n\u2022 Higher polymer and energy prices expected in an emergency<\/strong>
\n\u2022 Worst-case-scenario preparations difficult<\/strong><\/p>\n

A large part of the European industry is heavily dependent on Russian energy supplies \u2013 and its consequence have tragically been demonstrated every day since the start of the war in Ukraine. Governments of almost all European countries have been working overtime to find new suppliers for oil and gas, and to accelerate the development of alternative energy sources. Good for the environment, bad for Putin? Unfortunately, the formula is not that simple.
\nAn EU-wide oil embargo against Russia has so far failed due to Hungary\u2019s blockage. Leading business associations across Europe are fiercely opposing a possible gas embargo.
\nAnd the European plastics industry? How much pressure are the companies along the plastics value chain under, how well-prepared are they for a possible stoppage of gas deliveries?
\nPIE\u2019s Flash Survey shows that just over half of the companies surveyed fear the halt of natural gas supplies from Russia. A good quarter are not afraid of the same, and about 12% of the companies go a step further and say the possibility of an embargo does not concern them. German-speaking Europe and France, however, are \u2013 unsurprisingly \u2013 much more concerned, as the gas cut-off would hit a vast majority of companies hard. In contrast, plastics companies in South-Eastern Europe seem to be more relaxed: 60% of the respondents from these countries say they do not fear the stoppage of supply or that it would not affect their business.<\/p>\n

Is the industry ready?
\nSo, is the European plastics industry well prepared for an emergency situation? About one third of the managers do not believe preparations for such a scenario are even possible \u2013 on the other hand, 15% do not think preparations are necessary. In Italy, the UK and Ireland, companies are more sceptical: around half of the survey participants say no preparations at all can be made for a possible gas stoppage.
\n\u201cWe rely on our governments\u2019 efforts to secure other energy sources.\u201d – quote from a resins maker<\/p>\n

The situation continues to be diverse: a good 20% of the respondents each report that customers have been informed about possible supply interruptions, that stocks have been replenished as a precautionary measure or that supply contracts have been signed with other suppliers as a precautionary measure. A recycler from Norway is pleased about the fact that the country \u201cis an oil and gas producer\u201d. Another recycler says, \u201cUse waste plastics instead\u201d.<\/p>\n

Most companies fear higher polymer prices
\nIf there is a supply stoppage of\/embargo on Russian gas, how would the European industry be affected? About 65%, and thus the clear majority, fear higher polymer prices and \u2013 obviously \u2013 higher energy prices. In German-speaking Europe, the Nordic region, and Spain & Portugal, the expectations are even worse: more than 80% of the respondents expect higher resin prices. In these countries, therefore, an above-average number of companies intend to raise their product prices in the event of a gas freeze.
\nA positive sign could be that 86% of all respondents in Europe expect to be able to continue to fulfil their supply contracts even in the event of a gas cut-off, and 87% say they could keep their production going even without Russian gas \u2013 of course at the expense of margins and with considerably worse prospects in chemicals and in processing.<\/p>\n

About PIE
\nPIE \u2013 Plastics Information Europe strengthens your position in business negotiations with customers and suppliers. Our polymer price indices are accepted as neutral market reports throughout the industry and embedded in countless supplier contracts. With PIE\u2019s well-founded market analyses and forecasts you are always well prepared for your price negotiations and enjoy transparency and calculability in your daily business.
\nAs one of the most successful information partners for the European plastics industry we have been supplying reliable business news for more than 50 years!
\nPIE provides you with up-to-date and reliable information about the plastics industry: from polymer prices to market reports, company news and product launches.
\nMore than 5,500 European companies *) put their trust in our data and reports \u2013 there are few other providers trusted by as many companies in Europe!<\/p>\n","protected":false},"excerpt":{"rendered":"

A large part of the European industry is heavily dependent on Russian energy supplies \u2013 and its consequence have tragically been…<\/p>\n","protected":false},"author":2,"featured_media":24661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,16],"tags":[],"series":[],"class_list":["post-31990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-plas-tv-meldungen-auf-der-startseite-unterhalb-slider","category-plast-tv-textmeldungen"],"_links":{"self":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/31990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31990"}],"version-history":[{"count":1,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/31990\/revisions"}],"predecessor-version":[{"id":31991,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/31990\/revisions\/31991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/media\/24661"}],"wp:attachment":[{"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31990"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=31990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}