Chemical Industry Warns of Investment Stop

More+Comment ♦ Published: June 22, 2012; 08:34 ♦ (Vindobona)

Peter Untersperger, CEO of the fiber manufacturer Lenzing and chairman of the Austrian chemcial industry is very critical of the energy efficiency act.

Chemical Industry Warns of Investment Stop / Picture: © Lenzing AG

The proposal oft he new energy efficiency act, which should implement an EU-direct into Austrian law, encounters massive criticism by the Austrian chemcial industry. The target ist he reduction of greenhouse gas by 20% until 2020.

For Untersperger, this act brings an excessive burden for the industrial sector. On the one side, there is the energy fee, which should bring about €…