Europe-based petrochemical companies face significant challenges in the near to intermediate future. These include cost disadvantages relative to many of their international competitors, stagnant local demand, overcapacity, and aging plants. To successfully negotiate this environment, Europe-based companies will have to deploy a range of strategic and operational levers.
Offshore wind-power projects are high-risk undertakings. Utilities can attract outside capital by optimizing the risk-return profile of these projects—for example, by creating innovative collaboration models.