German Chemical Producers Plan $1 Billion in 2023 Capital Kickoffs

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Researched by Industrial Info Resources (Sugar Land, Texas)--Germany's chemical producers are set to begin construction on more than 80 capital-spending projects in 2023, worth about US$1.7 billion. The investment includes unit additions, capacity expansions and grassroot and modernization projects, among others.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of detailed project reports.

The chemical producers set to move forward with the investments include BASF SE (Ludwigshafen, Germany), Lanxess AG (Cologne), Wacker Chemie AG (Munich) and First Ammonia GmbH (Frankfurt).

First Ammonia expects to invest US$270 million and kick off construction of a green hydrogen plant and green ammonia unit addition. Another major investment in the coming year is Wacker's US$100 million spend for the production of green methanol and green hydrogen. Click here for the related project reports and here for the plant profiles.

Other investments are in the plastic-recycling sector, and for optimizing and modernizing units to reduce carbon emissions.

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 over 200,000 current and future projects worth $17.8 Trillion (USD).