(MENAFN) Agreeing with Christian Kullmann, the head of the Chemical Industry Association and CEO of Evonik Industries AG, Germany’s second-largest chemical company, a restriction on Russian gas would bankrupt Europe and its industries.
Kullmann said during the discussions held by the Frankfurt/Rhine-Main initiative, quoted by the FAZ media “The industry is deprived of the air it needs to breathe, or rather the gas it needs to work … The countries of Eastern Europe depend almost entirely on energy supplies from Russia.
He stressed the importance of natural gas for the German chemical industry and refusing Russian energy puts its existence in danger.
He went on to say, “After Germany has already said goodbye to nuclear and coal power, there is now a discussion about whether to stop gas supplies from Russia. But it’s important to remember that gas is the backbone of our energy supply… So calling for a gas embargo is not only unreasonable, it’s also outrageous,” pointing out that chemical companies supply ingredients and goods for more than 90% of all products that are made in Germany.
“Without us, there would be no lightweight construction, no electric cars, no wind turbines.”
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