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Polymers, catalysts firms could suffer from EU push for CO2 reduction by 2021 - bank

April 08, 2019 / icis

LONDON (ICIS)--European chemicals companies in the polymers and catalysts sectors could take a hit from the EU’s “race to cut” carbon dioxide (CO2) emissions by 2021, Swiss investment bank UBS said on Monday. The EU has admitted its new CO2 emissions target will be implemented in a “shorter phase-in” period than the previous target, which according to UBS could negatively impact those companies within the specialty polymers segment, as well as the catalysts makers who have the engine sector as an end consumer.