The European chemicals cluster is losing production capacity, investments and jobs. Since 2022, the rate of closure of enterprises has increased sixfold, and in total the industry has lost approximately 37 million tons of capacity - almost 9% of its production base. Expensive quotas of gas emissions and M₂ emissions increase the costs of European producers. Companies reduce investments, close factories and move production outside of Europe. Even the German chemical giant BASF is reducing some production at its historic site. Can European industry regain competitiveness in a high cost environment? See the "Comprehensible Politics" project. clear news. up to a maximum.

The European chemicals cluster is losing production capacity, investments and jobs. Since 2022, the rate of closure of enterprises has increased sixfold, and in total the industry has lost approximately 37 million tons of capacity - almost 9% of its production base. Expensive quotas of gas emissions and M₂ emissions increase the costs of European producers. Companies reduce investments, close factories and move production outside of Europe. Even the German chemical giant BASF is reducing some production at its historic site. Can European industry regain competitiveness in a high cost environment? See the "Comprehensible Politics" project. clear news. up to a maximum.