Circular & Low Carbon Economy Benefits EU Chemical Industry

The European chemical industry remains a strong part of the EU economy showing stable production levels over the past few years. While some traditional manufacturing sectors are currently in recession, the chemical industry is actively exploring new growth opportunities. These are expected to come from specialised, higher-value-added products and innovative solutions for a climate neutral and circular economy such as chemical recycling of plastics, advanced materials (polymers and composites) among others. Providing these solutions could become a competitive advantage of the EU chemical industry globally. In fact, with an annual investment of €10-billion in R&I the chemical industry can help turn Europe into a global innovation hub.