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COVID-19 - News digest as of 18.09.2020

September 18/2020

1.European Parliament urges EU to prioritize production of APIs and medicines

MOSCOW (MRC) -- The European Parliament says that the EU should become more self-sufficient in medicines and medical equipment so that affordable treatments are available at any time, said Chemweek. It calls for priority to be given to boosting domestic production of essential and strategic medicines because currently 40% of medicines marketed in the EU originate in non-EU countries and 60-80% of its active pharmaceutical ingredient (API) supplies are produced in China and India. The COVID-19 health crisis has emphasized the need to return API production to Europe and the EU Parliament has welcomed the EU health program EU4Health, which it says has the potential to ensure safe medicines in Europe can be made available, accessible, and affordable. Meanwhile, members of the European Parliament have asked the European Commission to examine ways to restore pharmaceutical manufacturing in Europe, as part of the EU4Health strategy.

http://www.mrcplast.com/news-news_open-376528.html

2. Pandemic reset pushes energy firms toward renewables, hydrogen

MOSCOW (MRC) -- The economic trauma caused by the coronavirus pandemic has pushed energy companies to step-up investment in renewables, hydrogen and other low carbon alternatives, but fossil fuels will be their dominant business for the foreseeable future, reported Reuters with reference to industry executives" statement. Reeling from the onset of the pandemic, global oil consumption shrank by more than 20% in the second quarter and prices hit their lowest in decades, making companies rethink how fast they should make the transition away from reliance on oil and gas. "Everyone"s talking about this great reset ... What do we need to do to survive this?" Arif Mahmood, Petronas" executive vice president and CEO of downstream, said at the virtual Platts APPEC 2020.

http://www.mrcplast.com/news-news_open-376466.html


mrcplast.com
Author:Margaret Volkova
Tags:Europe, PP, crude and gaz condensate, medicine, petrochemistry, adhesives, COVID-19.
Category:General News
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