Suschem puts the challenge on the table

Gibson, Jane
September 2006
ICIS Chemical Business;9/11/2006, Vol. 1 Issue 34, p19
Trade Publication
This article explains that Suschem, Europe's sustainable chemistry initiative, lays down clear challenges to EU institutions and industry to help boost core areas in the sector. But for the Suschem network to remain effective, funding arrangements have to work. Europe's chemistry and biology based industries need to secure funding of € 8.8bn to put the current Suschem implementation plan into action. On an annual basis, this roughly amounts to € 350m each from EU and EU member states' funding sources and € 700m a year from private investment based on a six-year activity period. As Suschem moves into a critical period, the three flagship projects are attracting support A key issue, however, will be whether they can be relevant to Europe's smaller chemical and biology based companies.


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