DACH's Chemical Industry to See More than $2 Billion in Grassroot Projects

Researched by Industrial Info Resources (Sugar Land, Texas)--The DACH region's Chemical Processing Industry witnessed a sharp rise in capital investments in 2021, despite the COVID-19 pandemic, and 2022 is expected to see similarly positive development. The DACH region includes Germany, Austria and Switzerland.

Industrial Info is tracking 34 grassroot capital-spending projects in the DACH region's Chemical Processing Industry, worth more than US$2.4 billion, which are planned to be completed within the next five to eight years.

With demand on the rise in Europe for sustainable and recyclable chemicals, UPM Group (Helsinki, Finland) and PCC SE (Duisburg, Germany) plan to invest more than US$500 million each in grassroot chemical projects in Germany. PCC SE plans to begin construction on its ethylene oxide complex by the end of this year, with completion in three years. UPM Group plans to complete its bio-mono ethylene complex by the end of 2022.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can read detailed reports on the PCC and UPM projects, and click here for a full list of active Chemical Processing Industry projects in the DACH region.

Investments also are earmarked for the development of grassroot green hydrogen plants by leading companies such as RWE AG (Essen, Germany), Aquamarine Investment Partners (New York, New York), Apex Energy Teterow GmbH (Teterow, Germany) and Air Liquide S.A. (Paris, France).

Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.