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Germany unveils rescue plan for struggling chemical sector

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Germany's chemical industry is in crisis due to high energy costs and fierce competition

Germany's chemical industry is in crisis due to high energy costs and fierce competition

The German government and the country's chemical industry on Thursday presented a sweeping plan to help the ailing sector as it faces new headwinds from the Middle East war energy shock.

Chemicals is one of the most important sectors in Europe's biggest economy but key industry players complain of high energy costs, onerous EU regulations and fierce foreign competition.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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