European Economy EU Chemical Industry Aims to Create a Resilient Europe
The chemical industry in Europe intends to gain support for an EU Recovery Plan which is in line with the European Green Deal objectives in order to boost Europe’s economy in the background of Covid-19.
Brussels/Belgium – Ahead of the European Council meeting on July 17, the EU chemical industry calls on the EU member states to urgently agree an EU Recovery Plan to restart Europe’s economy and kick off investments towards a green and digital transition.
The Covid-19 crisis has become a timely reminder that Europe needs its own robust industrial capacity. The EU Recovery Plan can transform this crisis into an opportunity to build a more resilient European economy whilst delivering on the European Green Deal objectives. As a solution provider for a climate neutral and circular economy, the chemical industry will play a critical role in this transition.
Marco Mensink, Cefic Director General: “Our priority is to go through the green transition while strengthening our production capacity in Europe. This will only be possible if the EU keeps its industries competitive throughout the transition. This is why the EU Recovery Plan must be accompanied by a strong Industrial Strategy based on the European Green Deal vision. This will ensure that the recovery funding supports a resilient industrial transformation. It also means the upcoming Chemical Strategy for Sustainability needs to be assessed in full on its impact on the EU chemical industry.”
Together with other manufacturing sectors, the EU chemical industry has been hit by the current economic downturn, and our industry’s outlook remains highly uncertain.
In particular, the EU chemical industry calls for investments into building renovation, clean mobility, development of all forms of clean hydrogen; chemical recycling, carbon capture and storage (CCS) and carbon capture and utilisation (CCU).
Cfic equally welcomes the new EU4Health programme that supports the relaunch of the EU production of Active Pharmaceutical Ingredients and strengthens procurement of vital medicines, medical devices and Personal Protective Equipment.
New investments into the collection, sorting and recycling of waste will help reduce Europe’s dependence on strategic secondary raw material imports and can promote innovative technologies such as chemical recycling, which will accelerate the transition to the circular economy.