Carbon-emissions caps and other regulations, along with other challenges such as regional competition and disadvantages in feedstocks, are stifling innovation in the European chemical sector, according to the European Chemical Industry Council, or Cefic. "I regret we focus too much on compliance issues rather than collectively putting our energy into the quantum leaps in technology required to achieve more growth with less resource consumption," said Cefic Director General Hubert Mandery.

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