These industries would be hit by a gas embargo

These industries would be hit by a gas embargo

energy intensive industry

Companies that need a lot of gas as a source of energy and raw material face serious consequences if deliveries are interrupted.

(Photo: dpa, BASF)

Düsseldorf, Berlin The energy-intensive German industry is urgently warning of a possible freeze in Russian natural gas supplies. Even rationing could lead to production losses, which would have consequences for the entire processing industry in Germany, say chemical industry managers, for example. Where a lot of gas is used as a source of energy and raw material, companies are threatened with closure if restrictions apply.

On Wednesday, Federal Economy Minister Robert Habeck (Greens) announced the “early warning level” of the so-called gas emergency plan and thus warned the economy of a significant deterioration in gas supplies. These sectors would be hardest hit by a supply disruption or rationing:

1. Chemical industry: “Heart of the German economy”

For Christian Kullmann, the chemical industry is the “heart of the German economy”. There is a warning in this sentence by the head of Evonik and president of the chemical association VCI this Wednesday: if you stop beating, it will have serious consequences for all sectors. And this is a realistic scenario in the event of a gas supply failure in the industry.

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Handelsblatt energy briefing