Chemical industry fails to deliver environmental investments

The UK chemical industry's spending on environmental protection is expected to account for 24% of its capital expenditure in 1994, up from 10% in 1991, according to a survey by the Chemical Industries Association (CIA). But the credibility of the figures has been dented by the industry's failure to achieve even half the level of environmental spending projected by a previous survey.

The figures released in April were based on the CIA's annual survey of the investment intentions of its member companies.

The returns showed that capital spending by the chemical industry totalled £1,860 million in 1991, a fall of 13% in real terms on the 1990 figure. Spending is expected to fall to £1,760 million in 1992, a further real reduction of 10%, before picking up to £1,880 million in 1993.

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