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Article: Replacing formaldehyde could cost 29bn [euro].(European chemicals)
- Article from:
- Chemistry and Industry
- Article date:
- January 28, 2008
- Author:
CopyrightCOPYRIGHT 2008 Society of Chemical Industry. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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European consumers would have to spend an extra 29.4bn [euro]/yr if formaldehyde-based products were replaced by substitute materials. Formaldehyde, which is used in products like cavity wall insulation, has faced bans several times in the past. The 29.4bn [euro]/yr figure takes into account potential job losses within the industry and its customers, together with life cycle issues including the possibility that alternate products might have to be replaced more often, and large capital investments to produce and use replacement materials. The report was compiled by Global Insight on behalf of Formacare, the formaldehyde sector group within the European Chemical Industry ...