Petrochemicals are essential to our everyday life: 95% of all manufactured goods such as electronics, furniture, appliances, textiles and many more are derived from petrochemicals.

With 300,000 people directly employed in highly qualified jobs and in total 1.2 million along the entire value chain as well as an annual contribution of €155 billion to the overall European GDP petrochemicals represent an important economic factor.

Additionally, they are the starting point of almost all chemical value chains and provide essential building blocks for sustainable solutions such as insulation material to save energy, durable and resistant composites for light-weight smartphones and tablet PCs, sophisticated fuel additives to save emissions from transportation, or renewable energy devices like windmill blades and solar panels to enable the transition to a low-carbon economy.

In the future these benefits will be needed even more than in the past to meet the upcoming societal mega-challenges.

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