Global Chemical Industry’s Path Forward

Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?

Since 2021, I have been serving as a Board Advisor and Independent Consultant in the chemical industry and related segments, including marine fuels and plastics recycling. My primary focus is on developments in the petrochemical landscape, including steam cracking and downstream derivatives, as well as decarbonization strategies.

Prior to that, I worked for 30 years at BASF in various roles and locations (Malaysia, Portugal, USA, Germany, and the UK) across fine & intermediate chemicals, global procurement, including infrastructure and pipelines, Home & Personal Care, and General Management. My last role was Managing Director of BASF UK & Ireland.

Q2. How are global trade dynamics, including the rise of “Fortress China” and capacity expansions in Asia and the Middle East, influencing growth forecasts independent of GDP trends?

“Fortress China” refers to China's drive for self-sufficiency in various value chains, not just the chemical sector. It encompasses the substitution of imports by own production and the resultant displacement of trade inflows from previous trade partners such as Europe, North America, and the Middle East.

This strategy has led to a…