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The oil-refining and chemical industry play an important role in the European economy. However, European competitiveness is under pressure due to overcapacity, increasing global competition and stricter legislation and regulations.

European competitiveness under pressure

Despite the crucial role that refineries and chemical plants fulfil in the European economy, the sector currently faces various challenges that put its competitiveness under pressure.

We continue to invest

The oil-refining and chemical sector invests continually in improving efficiency, safety, product quality and environmental performance.