The entire European economy is facing challenging timesahead. We need to pull ourselves out of the recession,guarantee our global competitiveness and, in the longer term,reduce the carbon intensity of our economies. Indeed, arecent life cycle study of the chemical industry’s products bythe icca and McKinsey, which has been verified by a thirdparty, clearly demonstrates that for each tonne of CO2 emitted by the Chemical Industry, the emission of two to threetonnes of CO2 are avoided later thanks to the application ofour products. ...