European chemical industry leaders have identified the drive towards cleaner energy as a business opportunity for companies.
Cefic, the EU chemical industry association, says that the EU’s support of new energy technologies will open new opportunities in areas including the development of industrial chemicals used to make wind turbines, solar panels and insulation.
It also says that reducing energy waste will also help companies that manufacture products needed for the move to low-carbon usage.
Marco Mensink, Cefic Director General, said: “By matching climate ambitions with commercial opportunities, the EU Commission has provided the basis to make sure Europe leads the way on clean energy.
“We believe this proposal can boost Europe’s record as a clean energy leader, and if well-executed also open markets for new European products and drive job creation in Europe. Our industry looks forward to supporting the package by manufacturing smart materials that are in high demand by other major EU sectors such as construction and automotive.”