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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

VCI says financial relief for energy-intensive industries is critical and appropriate (update)

8:23 AM MST | December 16, 2013 | Michael Ravenscroft

The European Commission has opened an investigation into Germany's renewable energy law (EEG), chemical trade association VCI (Frankfurt) says. Germany's energy-intensive industries association EID (Berlin) expressed confidence at the opening of the EEG investigation, which will not have any immediate impact on the 140 so-called energy-intensive companies in the chemical industry in Germany, according to VCI. These firms receive a certain amount of cost relief through particular provisions of the EEG. The investigation, announced at Brussels, will examine...

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