Source: DG Statistics (based on data from the VAT-administration
The sector invested an average of €2 billion a year from 2010 to 2020, both in green field projects and in the expansion and modernisation of existing production capacities to improve industrial efficiency and environmental performance.
The chemicals and life sciences industry is a very capital-intensive sector and a key investor within the manufacturing sector, accounting for one third of total manufacturing industry investment in 2020. Belgium accounted for 6.5% of the sector’s total investments in the EU in 2018.
Continuing to invest in existing facilities and attract new investments is crucial to ensure a sustainable future for the chemicals and life sciences industry in Belgium. Eight of the world’s top 10 multinational chemical companies have invested in major production facilities in Belgium and continue to invest.