Wednesday, July 20, 2022

Reuters: German chemical industry running out of natural gas

Well, this isn't great news: 

BERLIN, July 19 (Reuters) - Germany's chemical industry has already done everything it can to conserve gas use, said chemical association VCI on Tuesday, which warned that the only steps left for the industry would be to scale back or abandon production altogether.

"For our companies, we are currently once again doing everything we can to exploit every last potential gas saving," said VCI's chief executive, Wolfgang Grosse Entrup.

"But there's not much more we can save, as efficiency has already been the driving force in the past few years," he added.

According to VCI, which represents about 1,900 companies, Germany's chemical and pharmaceutical industries are the country's largest gas consumer, with 15% of total consumption.

Industry leader BASF is considered Germany's largest industrial gas consumer.

VCI issued the warning and called for "a societal show of strength to conserve gas" to get through the winter unscathed as the gas supply from Russia grows increasingly uncertain.

I would really like our supply chain nightmares to end, but it doesn't really feel like it...  

1 comment:

  1. According to Peter Zeihan, these kinds of trouble will unfortunately prevail in the coming years. Especially for Europe… Geographically and demographically, the US seems to be the promised land.


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