Report touts chemical industry's economic worth

THE Australian chemistry sector contributes A$38 billion to Australia’s GDP, according to a new report by ACIL Allen and commissioned by Chemistry Australia, noting the impact the lower chemical sector production is having on the economy thanks to Australia’s high gas prices.

Report touts chemical industry's economic worth Report touts chemical industry's economic worth Report touts chemical industry's economic worth Report touts chemical industry's economic worth Report touts chemical industry's economic worth

Urges reform in gas sector amid high prices

The research highlighted the economic benefits of gas-based manufacturing, with the sector adding A$260 million of value to every petajoule of gas used, 33 times more than the LNG sector and 68 times