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Chemical Plant Closures Soar: 37 Million Tonnes, 20,000 Jobs Lost

1/31/2026

46 10 Full Breakdown

Summary

Story summary

European chemical plant closures rose sixfold since 2022, cutting capacity by 37 million tonnes and 20,000 direct jobs.
The report notes 89,000 indirect jobs are at risk, highlighting the sector's role in regional supply chains.
Investment in new capacity fell from 2.7 million tonnes in 2022 to 0.3 million tonnes in 2025.
Analysts warn urgent action is needed to protect competitiveness.

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Story summary

European chemical plant closures rose sixfold since 2022, cutting capacity by 37 million tonnes and 20,000 direct jobs.
The report notes 89,000 indirect jobs are at risk, highlighting the sector's role in regional supply chains.
Investment in new capacity fell from 2.7 million tonnes in 2022 to 0.3 million tonnes in 2025.
Analysts warn urgent action is needed to protect competitiveness.