What specific action do Velogy executives say EU and national policymakers must take to protect Europe's chemical industry?

Velogy executives stress that policymakers must move 'from words to action' and implement 'concrete measures that support and protect the industry', emphasizing the urgent need for stronger political support to counter subsidised imports—particularly from China—and to address high energy costs and unequal regulatory burdens. They argue that fragmented national actions are insufficient without a 'clear overall framework that secures the future of the chemical industry in Europe'.

Why do Velogy leaders consider the European chemical industry to be under an 'existential threat'?

Velogy leaders describe an 'existential threat' due to record levels of new, mainly China-driven chemicals capacity coming online this decade, flooding Europe with low-priced imports alleged to be unfairly subsidised—while European producers face higher energy costs and stricter regulatory frameworks, undermining their competitiveness and long-term viability.

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