23 March 2012 16:30 [Source: ICIS news]
LONDON (ICIS)--Germany-based chemical producers are suffering a competitive disadvantage because of the country’s high energy and power prices, a chemical industry executive said on Friday.
Walter Leidinger, head of the ?xml:namespace>
“This is a clear disadvantage compared with chemical production in other European countries,” Leidinger said.
Political decisions were a key factor in determining Germany's power prices, and those decisions were as such the basis for competitive conditions for the country’s industrial producers, he added.
He pointed to Bayer’s €150m ($197m) investment to build a 300,000 tonne/year toluene di-isocyanate (TDI) plant at
Meanwhile, Finland-based chemical firm Kemira should soon get permits to start building a water chemicals facility at
($1 = €0.76)
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