2024-09-11 07:00:00 +0300
Germany Cranks Up Chemical Imports as Energy Crisis Hikes Costs
Germany is increasingly getting vital chemicals from abroad as the country’s industrial giants like BASF SE struggle with sky-rocketing energy prices from Russian gas cuts.
Chemical import volumes have almost doubled this year as the crisis deepened. Germany imported around 2.8 billion tonnes of inorganic chemicals in the first half of 2022, according to Germany’s federal statistics office. That’s around 40% more in volume terms than during the same period a year ago.
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