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07-23

Petrochemical energy conservation and emission reduction targets are established, transforming concepts to develop green chemical industry

Faced with increasingly stringent resource and environmental constraints, the pressure to conserve energy and reduce emissions in the petroleum and chemical industry intensified during the 12th Five-Year Plan period. Actively responding to global climate change, firmly establishing a green and low-carbon development concept, and accelerating the construction of a resource-saving, environmentally friendly, and inherently safe development model are not only fundamental requirements for transforming the development model during the 12th Five-Year Plan period, but also an inevitable mission for China's transformation from a major petroleum and chemical industrial power to a strong one.

07-23

Wacker's first-quarter 2018 sales reached the same level as the previous year, with significant profit growth.

Wacker Chemie AG's sales in the first quarter of 2018 reached the same level as the previous year, while earnings before interest, taxes, depreciation and amortization (EBITDA) increased significantly year-on-year. The Munich-based chemical group achieved sales of €1.2176 billion in the reporting period (€1.2188 billion in the first quarter of 2017). Increased product prices, particularly for silicones, and further optimization of the product portfolio in the chemicals business drove sales growth.