05 October 2012 17:57 [Source: ICIS news]
“If politicians in
The study, by research firm Prognos, sees continued growth in demand – in particular from Asia and Latin America – for
In order to maintain its international competitiveness,
However, in an alternative scenario, Prognos warned that if
Engel added that if the three pillars of energy policy – secure, clean and affordable – are no longer guaranteed, Germany’s economic system will suffer deep cracks in its industrial value chain, harming the country’s core industrial producers.
Insufficient of supplies of energy-intensive chemical inputs would prompt important industrial producers to shift their operations elsewhere, he said.
Engel, who is CEO of Germany-based specialty chemical major Evonik, was speaking on his last day as VCI president. He will be succeeded in that role on 6 October by Karl-Ludwig Kley, the CEO of specialty chemicals and pharmaceuticals firm Merck KGaA.
Frankfurt-based VCI represents the interests of about 1,650 Germany-based chemical firms.
($1 = €0.77)
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