VCI warns
Short-term import ban on oil and gas could cause trouble
The German Chemical Industry Association (VCI) is emphatically renewing its warning about the massive consequences of a short-term ban on imports of oil and, in particular, gas from Russia for the value chains in Germany.
VCI Managing Director Wolfgang Große Entrup: "Economics Minister Habeck is acting extremely responsibly in this difficult situation. He is aware of the consequences of an import ban - especially for natural gas - for the economy and the supply of the population. The situation in Ukraine is terrible. Despite deep concern and great sympathy for the people, it is not fair to minimize the consequences of a gas freeze. Chemical and pharmaceutical plants cannot be switched off and on at will."
The VCI points out that a continuous supply of raw materials and energy is essential for production in the chemical industry. Even with a controlled shutdown process, the start-up of larger plants, such as those required for the production of basic chemicals, usually takes up to several weeks and is extremely cost-intensive.
Massive consequences for all value chains
Longer outages would therefore have massive consequences for all value chains, emphasizes the VCI. Around 95 percent of all industrial products in Germany today require chemical products in their production process, from cars to computer chips, from insulation materials to televisions - not to mention medicines and everyday products such as detergents and cleaning agents. "Shutting down the supply of energy and raw materials for the chemical industry in the short term would also paralyze all industrial production in Germany as a business location. The social and economic consequences would be enormous," emphasizes the Managing Director of the VCI.
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