A window of opportunity: Making the Economic Recovery Plan a driver for competitive sustainability of the chemical industry

10th September 2020 – The European Chemical Industry welcomes the ambitious ‘Next Generation EU Economic Recovery Plan’ to kick-start our economy by focusing on “driving competitive sustainability”. National Recovery and Resilience Plans are now being laid to invest and allocate €750 billion of EU ‘Green Recovery’ funding.

A-window-of-opportunity-Making-the-Economic-Recovery-Plan-a-driver-for-competitive-sustainability-of-the-chemical-industry Next Generation EU Economic recovery plan — A-window-of-opportunity-Making-the-Economic-Recovery-Plan-a-driver-for-competitive-sustainability-of-the-chemical-industry

“Crucial decisions are currently being made across European capitals to steer the Recovery Plans towards a more resilient Europe. To enable a low-carbon transition of our industry, which is vital to so many sectors, we call for strategic investments in circular economy, renewable energy and clean hydrogen, along with green infrastructure and transport”
Said René van Sloten, Cefic Executive Director Industrial Policy.

The chemical industry will provide the products that will enable European society to transform, while also transforming its own production processes. Our priority is therefore to ensure that we can achieve this while maintaining Europe’s production capacity and ensuring industrial competitiveness.

The Economic Recovery Plan needs to be accompanied by implementation and extension of the EU Industrial Strategy and embedding it firmly in the Green Deal agenda. This will ensure that the recovery funding achieves an industrial transformation that will be sustainable and contributes to a resilient economy over time.