10 June 2010 17:41 [Source: ICIS news]
PRAGUE (ICIS news)--Many Polish and other European Union (EU) chemical producers could be forced to close due to extra costs if the European Commission (EC) goes ahead with a tightening on greenhouse gas reduction levels, an industry body said on Thursday.The Polish Chamber of the Chemical Industry (PIPC) was prepared to strongly lobby against EC officials, who were pushing for a deepening of the EU's 2020 target to achieve emission releases of 30% below 1990 levels, up from the 20% target currently in place, said Jerzy Majchrzak, PIPC director.
Majchrzak said the higher target would lead to demands for the decommissioning of many chemical plants.
“Polish and EU companies would face requirements for investments in new installations [in the years immediately ahead] while non-EU competitors who did not face this tightened commitment would see their costs broadly unchanged,” he added.
The EC said its current policy was to try and persuade non-EU nations to adopt the 30% target in advance of deciding whether to do so itself, prior to the UN climate talks scheduled to start this November in ?xml:namespace>
($1 = €0.83)
To discuss issues facing the chemical industry visit ICIS connect
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|