26 March 2007 02:19 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--The tightening regulatory regime for chemicals in Europe will be a brake on innovation, US industry officials warned on Sunday.
The initial stage of the EU's programme for the registration, evaluation and authorisation of chemicals (Reach) takes effect later this year.
"There will be an additional cost and burden on innovative companies," said David Aldous, chairman of the program committee for the NPRA petrochemical conference, the US industry's major annual event.
The extensive vetting process for new products would hamper makers of speciality chemicals and catalysts in particular, Aldous told a news conference.
NPRA officials estimated the cost of testing each new product so it would comply with the Reach rules at €2m ($2.7m).
But one official acknowledged that European policymakers had responded positively to efforts by NPRA to ease the impact of the new rules on US companies somewhat by recognizing chemical compound tests carried out in the US under the voluntary high production volume (HPV) programme.
($1 = €0.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections