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The chemical industry is energy-intensive, using about 25-50% of the natural gas it purchases as raw materials, while the rest is used to generate steam and power for plants and processes. Chemicals are therefore highly impacted by gas prices.

The chemical sector has played a pioneering role in enhancing energy efficiency, achieving a 51% reduction in specific energy consumption since 1990. This commitment to energy efficiency extends to optimising processes, including the construction of new facilities. Additionally, a notable portion of the energy used by the chemical industry as feedstock is stored in products and remains recyclable. Achieving further substantial improvements would require technological breakthroughs.

Enhancing energy efficiency in this energy-intensive chemical sector is not only a key economic success factor but also a pivotal tool for reducing greenhouse gas (GHG) emissions, next to electrification and other GHG reduction measures. This, in turn, supports the transition towards climate neutrality.