Grassroot Chemical Projects Exceed $5 Billion in DACH Region

Researched by Industrial Info Resources (Sugar Land, Texas)--The Chemical Processing Industry for Germany, Austria and Switzerland, known as the DACH region, witnessed a sharp rise in grassroot capital investments in 2022, and 2023 is expected to see similar development.

With demand on the rise for sustainable and recyclable chemicals, German technology providers are taking steps to develop an advanced concept for the production of renewable chemicals. These chemicals are increasingly used in the mobility, power, industrial, chemical and other end-use industries.

Around 60% of the total investment in grassroot projects is slated toward the development of green hydrogen, with companies like HH2E AG (Hamburg, Germany), Hy2gen AG (Wiesbaden, Germany), RWE AG (Essen, Germany, SunFire GmbH (Dresden, Germany) and Inovyn Deutschland GmbH (Rheinberg, Germany) coming up with new plants.

Other investments include a US$700 million grassroot project planned to produce wood-based biochemicals, which is being constructed by UPM (Helsinki, Finland), and a new cyclic olefin copolymer plant planned by TOPAS Advanced Polymers GmbH (Raunheim, Germany), which is expected to come on stream by the middle of 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for reports tied to the UPM project and click here for the TOPAS Advanced Polymers project.

Industrial Info is tracking 53 grassroot capital-spending projects in the DACH region's Chemical Processing Industry, worth US$5.63 billion, which are planned to be completed within the next five to eight years. Subscribers can click here for a list of detailed project reports.

Click on the image at right for a chart showing grassroot chemical processing projects in the DACH region, by sector.

Subscribers can click here for all project reports mentioned in this article and click here for related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).