Brussels-The European Chemical Industry Council(Cefic),in a call for action to the European Commission(EC)and European Union(EU)member states,said the current energy crisis has reached an unsustainable level for the European chemical industry and it is reaching its breaking point.For the first time,the EU imports more chemicals than it exports,both in volume and value,resulting in a trade deficit of €5.6-billion for the first half of 2022,Cefic noted.The energy crisis is making a dent in the competitiveness of the chemical industry,which is one of the most energy intensive in Europe,having to compete on the global market with players from regions with more favorable energy prices,it added.
展开▼
