- The ARRRA region accounts for 40% of European industry.
- Major players like BASF and ExxonMobil have scaled back activities.
- Europe's investment climate is deteriorating due to high energy costs and slow permits.
- Concrete decisions are needed to impact industry by 2026.
European Industry Challenges
The European Industry Summit in Antwerp highlighted the critical state of European industry. The region's industrial base is essential for strategic autonomy, economic resilience, and climate transition. However, Europe is losing industrial strength due to high energy and carbon costs, lengthy permitting processes, and competition from regions with lower standards.
Impact on Key Players
Significant industrial players like BASF, ExxonMobil, TotalEnergies, and Envalior have reduced activities, and strategic investments, such as Vioneo's, have been withdrawn. These developments signal a deteriorating investment climate across Europe, affecting jobs and the momentum of the climate transition.
Call for Action
The Port of Antwerp-Bruges supports the Antwerp Call to Alden Biesen, urging Europe to implement swift, concrete measures under the Clean Industrial Deal. Key actions include ensuring competitive energy prices, protecting against carbon leakage, establishing fair trade conditions, and accelerating decision-making processes.
Focus on Competitiveness
Policymakers are urged to prioritize strengthening EU industry competitiveness. The chemical sector, as the foundation of Europe's value chains, requires explicit recognition. The summit should be a starting point for decisions that will have a tangible impact by 2026, ensuring a strong and resilient European industry.
