By using this website you agree to our use of cookies in accordance with our Privacy Statement.

Important success in maintaining Germany as a location for the Chemical Industry and saving jobs

17.04.2014

VCI relieved at the compromise on EEG exemption regulation

The German Chemical Industry Association (Verband der Chemischen Industrie [VCI]) regards the compromise with the EU on the Energy and Environmental State Aid Guidelines (EEAG) as a major step towards the industry retaining its competitiveness. The managing director of the VCI, Utz Tillmann, said, “The result is an important political success for Germany as a location for the chemical industry. Many jobs in the third largest industry in Germany have been saved by averting the extremely high additional charges as intended by the EU. Without the current compromise our companies would have had to bear up to 25 times more charges in comparison with today. This would have been highly detrimental to their competitiveness.“ The compromise will lead to greater planning security for companies and their employees and this means that there will be greater incentive for additional investment.

The success did not just happen
Many meetings with all sorts of contacts in the political sphere were necessary for convincing them. VCI’s visit with a delegation of its member companies on the 18th March to Joaquín Almunia, EU competition commissioner was a milestone. The impact of the intended measures upon the entire value chain in the German chemicals industry was made quite clear to the competition commissioner at this meeting. Dr. Michael Träger (CEO, VESTOLIT GmbH) succeeded in drawing attention to the exceptional significance of the intended measures for VESTOLIT and the jobs in the region.

Please find more information about the topic in the report entitled "German companies fear boost in renewable surcharge" by Deutsche Welle TV.

 
 
 
 
 
 
 
 
 
 
 
Orbia White Logo

Vestolit is part of Orbia, a community of companies working together to tackle some of the world's most complex challenges.
We are bound by a common purpose: To Advance Life Around the World.