VCI on the draft bill on fracking

Keep the hurdles for exploration low

In view of the most recent plans of the federal government on future regulation of natural gas exploitation, the VCI’s director-general Utz Tillmann speaks for an early decision on the exploration of local shale gas deposits. According to Tillmann, this would be an important signal for the attractiveness of Germany as a location of industry and chemistry.

VCI: As in the USA, the procuction of shale gas in Germany could reduce prices of energy and raw materials. © VCI
VCI: As in the USA, the procuction of shale gas in Germany could reduce prices of energy and raw materials. © VCI

The German chemical industry association Verband der Chemischen Industrie (VCI) sees the exploitation of local shale gas as a chance for securing the raw materials and energy supplies for this industry. For this reason, the exploration of local shale gas deposits should be rapid to find out about the potential.

The proposals by the federal government for future regulation on natural gas exploitation have become known today. The VCI’s director-general Utz Tillmann comments: “An early decision on the exploration of local shale gas deposits would be an important signal for the attractiveness of Germany as a location of industry and chemistry.” In the USA the production of shale gas and oil has clearly reduced the prices of energy and raw materials. Thus falling prices are reflected in a much stronger competitive position of the energy-intensive industry stateside.

Tillmann emphasises: “Test drilling and the scientific accompanying role of an expert committee are going in the right direction, but the hurdles for companies are extremely high.”

The chemical industry uses natural gas not only as an energy source for electricity and steam generation; natural gas is also a raw material in the production of basic chemicals at the beginning of the value chains. Energetic and material use in chemistry accounts for 12 percent of the total natural gas consumption in Germany.

The VCI represents the politico-economic interests of over 1,650 German chemical companies and German subsidiaries of foreign businesses. For this purpose, the VCI is in contact with politicians, public authorities, other industries, science and media. The VCI stands for over 90 percent of the chemical industry in Germany. In 2013 the German chemical industry realised sales of more than 190 billion euros and employed around 438,000 staff.

Contact: VCI Press Dept., Phone: +49 69 2556-1496, E-Mail: presse@vci.de
Please note: VCI news about the chemical industry is also available via Twitter: http://twitter.com/chemieverband

For questions or suggestions, please feel free to contact us.

Contacts

Stud. Ass. Manfred Ritz

E-Mail: ritz@vci.de