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Europe’s chemical industry seeks green recovery funding

September 17, 2020 / Alex Scott

CEFIC, Europe’s leading chemical industry association, is calling on the European Commission to allocate a share of Europe’s proposed $875 billion COVID-19 Green Recovery fund to the chemical industry to help it recover from the pandemic and simultaneously transform itself into a more environmentally sustainable business. Over the next few years, the Commission plans to make about $455 billion in recovery funds available in the form of grants and another $420 billion as loans.