14 July 2010 15:15 [Source: ICIS news]
TORONTO (ICIS news)--?xml:namespace>
“The government has rightly recognised that the future of innovation here depends on having leading positions in key technologies,” said Utz Tillman, general manager of the Frankfurt-based trade group.
The strategy, put forward by federal research minister Annette Schavan, would strengthen research in electro-mobility, energy storage and climate protection – all sectors to which the country’s chemical industry was contributing, he said.
But Tillman said the VCI regretted that the government did not take the opportunity to introduce tax incentives for research and development in Germany.
In its report, the ministry also said it planned to promote innovative processes to utilise Germany’s domestic coal reserves as a feedstock for the chemical industry. Coal-based chemicals were a “bridge technology“ until oil could be replaced by renewable raw materials, it said.
Shavan added that chancellor Angela Merkel’s coalition government would continue to invest in research and development, despite its efforts to cut spending in order to consolidate government finances.
The strategy paper is available, in German, on the ministry’s website.
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