- 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.
Financial Times — World — Chemical Industry — German economy — Foreign Direct Investment — Chemicals
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.