Germany’s chemical groups look outside Europe to build new plants

German chemical groups are investing outside of Europe, with China and the US offering incentives. Germany suffered a record deficit in corporate investments as companies looked overseas.

July 10, 2023 . 8:12 PM

1 min read

German chemical groups are investing in new plants and green technologies outside of Europe.
China and the US are offering incentives such as tax benefits and access to green energy and regulatory fast-tracking.
Germany suffered a record deficit in corporate investments last year as companies looked overseas.
China is welcoming foreign direct investment in high-tech industries to move up the value chain.
BASF, the world's largest chemical company, is investing in a petrochemicals complex in China with cutting-edge technologies and sustainability standards.