4/1/2014

Chemie Report 3/2014: The energy policy decides on the chemical industry's future


In the coming weeks, decisions will be made in Brussels and Berlin on the future of Germany as chemical industry location. The international competitiveness of large parts of the chemical industry depends on wether the burden-easing rules for highly enery-intensive companies will be maintained under the German Renewable Energy Sources Act (EEG). But the functioning of many industrial value chains and the overall economic development in Germany will be strongly impacted by these decisions, too. This is the outcome of a recent study by IHS, a global information company specializing in energy issues, which the VCI (the German chemical industry association) presented as part of its press night on 11 March 2014 in Frankfurt.

The existing exemptions are essential for the competitiveness of energy-intensive industries like the chemical industry and also for sound value chains in Germany. Giving up this form of burden-easing would seriously impact industry as a whole, the national economy and private households, including a drop in employment. In the German chemical industry alone, every eighth job.

More information can be found in the VCI press release.

The full report can be downloaded here.