Germany's crisis-hit chemical industry seeks revival
Tamara Ceaikovski
Germany's chemical sector stands as a core pillar of the nation's economy, ranking third after automotive and mechanical engineering. It generates hundreds of billions in annual revenue and directly employs about half a million people. The industry, however, has been beset by crisis in recent years, weighed down by high energy costs , growing regulatory burdens, a persistently weak economy , and intense competition from abroad. Chemical production requires large amounts of energy, not just
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