The European Commission has published strategy for a strong and competitive EU chemicals industry.
The High Level Group on the Competitiveness of the European Chemicals industry has adopted its report which analyses the key challenges this sector is facing in the medium to long term, including energy, climate change and trade.
The report developed some forty recommendations aimed at fostering the competitiveness of the European chemicals industry while contributing to sustainable development.
Among the final report conclusions is: ‘It is therefore of highest priority to…secure stable long term electricity supply, including through long term contracts with power generators or increased on-site generation in combined heat and power facilities to cover the inherent heat demand for many processes.’
The report goes on: ‘Due to the long term nature of the high investments required and the need to achieve high capacity utilization, stable long term electricity supply is a key element of competitiveness for important parts of the chemicals industry. Long term contracts with power generators or increased own generation in, for example, combined heat and power facilities to cover inherent heat demand are the main options.’