Europe's DACH Region Aims to Finish $1.7 Billion in Chemical Projects in 2023

Researched by Industrial Info Resources (Sugar Land, Texas)--The DACH region's Chemical Processing Industry plans to complete 113 capital-spending projects, valued at US$1.45 billion, and 222 maintenance projects, valued at US$268.5 million, next year, according to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database. The DACH region includes Germany, Austria and Switzerland.

The plastics/rubbers sector leads with US$615 million of investment from companies such as TOPAS Advanced Polymers (Florence, Kentucky), Equipolymers GmbH (Schkopau, Germany) and Hexpol TPE GmbH (Lichtenfels, Germany).

The DACH region aims to become greenhouse neutral by 2045 and to reduce emissions at least 65% by 2030, compared with 1990 levels. Investments include Power-to-X projects, biochemicals projects and recycling facilities.

TOPAS, a subsidiary of Polyplastics (Tokyo, Japan), is investing more than US$250 million in a cyclic olefin copolymer (COC) production facility in Leuna, Germany, to meet the growing global demand for recyclable COC polymers in packaging products.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can read more about the TOPAS project, or click here for a full list of related project reports.

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