31 January 2012 18:09 [Source: ICIS news]
Klaus Engel, the president of Frankfurt-based VCI and CEO of specialty chemicals major Evonik, called in particular for more effort to ensure that major infrastructure projects and new technologies will be accepted by the German people.
Engel also said that industrial producers need an energy and climate protection policy framework that will ensure that electricity supplies will remain affordable, and he called for tax incentives for research.
Industrial production accounts for more than 20% of the country’s GDP – a much higher share than in the
The country’s chemical industry, for its part, supplies about 80% of its output to other industries for further processing, Engel said.
“I am confident that with the right policy framework,
At the same time, a number of industrial infrastructure projects – including Bayer’s carbon monoxide (CO) pipeline in North Rhine-Westphalia state – have been blocked or delayed because of objections from residents and environmental groups.
Another challenge for Germany's industrial producers is the government's plan to end nuclear power generation by 2022.
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