June 2004

Trends and Resources

HP Impact: EU chemicals: global production share 'at risk'

To secure Europe's long-term competitiveness in the chemicals arena, decisive action is required from both industry and governmental authorities, says a new perspective from Cefic (www.cefic.org). I..

Weirauch, Wendy, Hydrocarbon Processing Staff

To secure Europe's long-term competitiveness in the chemicals arena, decisive action is required from both industry and governmental authorities, says a new perspective from Cefic (www.cefic.org). In 2002, world chemicals production (excluding pharmaceuticals) was estimated at € 1.3 trillion. With € 360 billion, the EU is still the world's leading chemicals-producing region in the world, followed by the US and Asia (excluding Japan). The EU accounts for 28% of world chemicals production. And, initially, this share will rise as a result of new countries joining the union. So, at first sight, the European chemical industry appears successful, being the biggest producer

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