(MENAFN) A ban on Russian gas would harm Europe and its industry, according to Christian Kullmann, CEO of Evonik Industries AG, Germany's second biggest chemical manufacturer, on Saturday, June 4th.
“The industry is deprived of the air that it needs for breathing, or rather, the gas it needs for work… The countries of Eastern Europe are almost completely dependent on energy supplies from Russia,” he informed at talks arranged by the Frankfurt/Rhine-Main initiative, as quoted by the news outlet FAZ.
Kullmann emphasized that natural gas is too important for Germany's chemical sector, and that rejecting Russian energy risks its survival.
“After Germany has already said goodbye to nuclear energy and coal, now there is a discussion about whether to stop gas supplies from Russia. But it is important to remember that gas is the basis of our energy supply… So calling for a gas embargo is not only unreasonable, it’s also outrageous,” he claimed. In addition, chemical businesses offer materials and products for more than 90% of all items manufactured in Germany.
“Without us, there would be no light construction, no electric cars, no windmills.”
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.