EU chemicals strategy: industry calls for support for “massive investments”

European chemicals association Cefic on Thursday called on the EU Commission to work with industry on the transition to climate neutrality for the sector. The upcoming EU chemicals strategy for sustainability presents Europe’s fourth-largest industry with a crossroads, the association said. An impact analysis prompted by Cefic found that the new legislation could result in a „net market loss of at least 12 percent of industry sales by 2040″.