Austria promotes chemical leasing model

Environment ministry backs call for chemical firms to sell services rather than substances

Chemical companies should aim to sell services to their industrial customers rather than substances, Austria's environment ministry said today. The ministry reckons that such chemical leasing can cut both costs and pollution and is pledging to promote the model at EU level.

The initiative was drawn up by the environment ministry in collaboration with 15 chemical firms, including Dow Europe, Ciba Chemical, Henkel and Pero, which also sponsored a study into the potential of chemical leasing led by the Institute for chemical, technological and economic research and consulting (Ecotec) in Munich, Germany.

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