The German chemical industry is experiencing significant revenue losses due to soaring energy costs and increased government intervention, according to the VCI. Although production has slightly risen, demand remains low resulting in falling sales prices. Major companies like BASF and Evonik are announcing job cuts and factory closures, with forecasts suggesting further declines in the sector’s competitiveness. VCI President Markus Steilmann calls for urgent policy reforms to balance environmental goals with economic success, highlighting bureaucratic obstacles in necessary approval processes.