Session 4 Break out 2: Financing the Chemical Transition

Session 4: Break out Groups to develop recommendations: 

Break-out Group 2: Financing the Chemical Transition – from vision to sound investment

The transformation of the chemical industry is enormous: the industry must leave known technologies, identify feasible new processes, and invest massively during the current economic situation. Thus, the transformation requires strong alliances between the real economy and the financial sector. We want to discuss how transformation partnerships and transition plans ensure that industry, financial sector and politics stay on track to our vision of a sustainable chemical industry. 

Speaker:

Matthias Belitz is a senior executive at the German Chemical Industry Association (VCI). Since spring 2024 he is responsible for Sustainability, Energy and Climate Policy. He is also heading Germany’s energy intensive industries network. Besides working on respective policies, Belitz also holds a leadership position in Chemie³. This initiative supports companies within the chemical-pharmaceutical industry on sustainability matters and engages with various stakeholders outside the industry. Matthias Belitz previously held various positions in finance and controlling at BASF, including international assignments in China and Belgium.

Frank Sibert is a senior advisor sustainable advisory & business germany, BNP Paribas.