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Exploring the potential impact of Brexit on the chemical industry

March 12, 2020 | 137 views

With Brexit officially underway, the UK has entered the transition period during which arrangements affecting the chemical industry will be made. The chemical sector produces around £50 billion worth of exports annually, and 60% of this goes directly to the European Union [1]. 75% of our chemical imports also come from the EU [1], making Brexit a critical time for the sector. The future of trading is yet to be established. Now is a pivotal period during which the chemical industry, stakeholders and the government need to work together to determine this future, in order to allow for a continuation of chemistry enabled growth.

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Monolith Materials

Monolith Materials develops innovative, cost effective, and environmentally sustainable technologies that convert abundant domestically produced natural gas resources into high value chemicals and materials for customers around the world. Monolith's process, which utilizes natural gas instead of crude oil as a feedstock, is more efficient as well as significantly more environmentally friendly. Monolith is backed by leading energy sector private equity and venture capital firms.

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