Chemicals

Activation energy for your transformation

The chemical industry is under pressure – from inside and outside at once. We work out what’s viable and make it resilient

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Challenges

Three forces testing chemical companies right now – and where we come in

In short

First the margin goes, then the cash, then the foundations. One leads to the next. The question isn’t whether you act – it’s when.

−9

percentage points

utilisation in the German chemical industry below the profitability threshold

Profitability threshold 82%73%Utilisation Q2 2026

profitable from here

0%100%
−9 percentage points: in the red
73.2% utilisation (Q2 2026)Gap to profitability (around 82%)
Capacity utilisation in the German chemical industry compared with the profitability thresholdCapacity utilisation in the German chemical industry stands at 73.2% in the second quarter of 2026. The profitability threshold is around 82% – leaving a gap of roughly 9 percentage points to profitable utilisation.VCI (utilisation Q2 2026, profitability threshold)

19%

more expensive: industrial electricity in Germany compared with the EU average

EU average 10.0 ct/kWh19% higherGermany11.9 ct/kWhNetherlands9.2 ct/kWhBelgium8.6 ct/kWhSweden6.4 ct/kWhFrance6.1 ct/kWharound half as much
Industrial electricity prices: a European comparisonIndustry in Germany pays 11.9 ct/kWh for electricity – 19% above the EU average of 10.0 ct/kWh. The Netherlands (9.2 ct/kWh), Belgium (8.6 ct/kWh), Sweden (6.4 ct/kWh) and France (6.1 ct/kWh) are all cheaper.Eurostat (industrial electricity prices, 2025 S2, consumption 150,000 MWh, excluding taxes and levies)

5 of 5

quarters with German chemical plants running below the profitability threshold

Profitability threshold around 82%Q2 2025−10Q3 2025−12Q4 2025−10Q1 2026−7Q2 2026−9Gap in percentage points
Gap between capacity utilisation and the profitability threshold by quarterIn all five quarters from Q2 2025 to Q2 2026, capacity utilisation at German chemical plants stayed below the profitability threshold of around 82%: by 10 percentage points in the second quarter of 2025, 12 in the third, 10 in the fourth, 7 in the first quarter of 2026 and 9 in the second.VCI quarterly reports 2/2025 to 2/2026; gap between capacity utilisation and the profitability threshold, rounded

Expertise

Experts in our industry – and yours

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Transaction

Whether it’s a sale, a purchase or a change of investor: we shape the process so you can make decisions that hold up – and legal or political pitfalls don’t catch us out.

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Restructuring

When your business model starts to struggle, we rethink it. We take a realistic view of market, costs and capital – and build a plan that works, because we put it into action with you.

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Insolvency

In standard insolvency proceedings, we act with the bigger picture in mind – the company, its creditors and employees. We protect value, jobs and prospects.

Working with you

How we turn pressure into action – with you

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The right sparring partner for your situation

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