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7h agoPortugal’s chemicals sector needs €30 billion for decarbonisation, industry group says
Portugal’s chemical, petrochemical and refining firms estimate they must invest around €30 billion (US$35 billion) to meet net-zero goals by 2050, according to industry group APQuímica. Current annual investment in growth and efficiency is about €1 billion; the gap underscores the scale of transition challenges. Firms need capital for electrification, green hydrogen, biomass and carbon-capture projects as they account for over one-third of Portugal’s industrial greenhouse-gas emissions. Industry officials say policy clarity and incentives are essential to meet targets.
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challenging
7h agoPortugal’s chemicals sector needs €30 billion for decarbonisation, industry group says
Portugal’s chemical, petrochemical and refining firms estimate they must invest around €30 billion (US$35 billion) to meet net-zero goals by 2050, according to industry group APQuímica. Current annual investment in growth and efficiency is about €1 billion; the gap underscores the scale of transition challenges. Firms need capital for electrification, green hydrogen, biomass and carbon-capture projects as they account for over one-third of Portugal’s industrial greenhouse-gas emissions. Industry officials say policy clarity and incentives are essential to meet targets.
Explore:Mutual Fund Screening
challenging
Portugal’s chemicals sector needs €30 billion for decarbonisation, industry group says
about 7 hours ago
1 min read
79 words
Portugal’s chemical and refinery sector needs €30 billion of investment for decarbonisation to hit net-zero by 2050.
Portugal’s chemical, petrochemical and refining firms estimate they must invest around €30 billion (US$35 billion) to meet net-zero goals by 2050, according to industry group APQuímica. Current annual investment in growth and efficiency is about €1 billion; the gap underscores the scale of transition challenges. Firms need capital for electrification, green hydrogen, biomass and carbon-capture projects as they account for over one-third of Portugal’s industrial greenhouse-gas emissions. Industry officials say policy clarity and incentives are essential to meet targets.
Portugal’s chemical, petrochemical and refining firms estimate they must invest around €30 billion (US$35 billion) to meet net-zero goals by 2050, according to industry group APQuímica. Current annual investment in growth and efficiency is about €1 billion; the gap underscores the scale of transition challenges. Firms need capital for electrification, green hydrogen, biomass and carbon-capture projects as they account for over one-third of Portugal’s industrial greenhouse-gas emissions. Industry officials say policy clarity and incentives are essential to meet targets.
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economy
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economy
global
energy transition
chemicals
Europe
Oct 29, 2025 • 21:03 IST