Chemical investment in EU up 30%

Since the beginning of 2008, Tootoo.com has estimated over $3.5 billion worth of investment in the European chemicals market, representing an increase of 30% from the same period last year.

Germany is the largest contributor with six projects representing a combined investment of $1.2 billion. Two projects that significantly contribute to this investment amount are Wacker Chemie AG's polysilicone expansions II & III, which cost an estimated $375 million and $535 million, respectively.