Competitiveness and Investment

Our products are the nexus of all solutions to energy efficiency, net-zero emissions, and a circular economy, but competition for investment in the chemistry sector is fierce. Other jurisdictions are moving aggressively to attract investment and Canada must remain competitive.

A sound investment climate should include taxation and capital investment measures to attract new projects to Canada, while improving productivity and global competitiveness. The right policies will put Canada on an even playing field with competitors so it can capitalize on global opportunities.

Creating a competitive regulatory landscape

Chemistry is vital to achieving the federal government’s net zero carbon emission goals. To meet our goals, the chemistry sector needs: climate policy revenues reinvested into the industry to encourage investment in low-carbon technologies; alignment of provincial and federal approaches and avoid overlap of regulatory functions; recognition of Responsible Care® as a global standard ESG, and encourage broader industry participation.

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Attracting world-class investment

For economic prosperity, Canada must attract global-scale investments by identifying and understanding the competitive landscape in Canada and around the world. This can be achieved through: recognition of the capital intensive nature of the chemistry sector by extending the Accelerated Capital Cost Allowance; the creation of a world-scale research and development ecosystem for the chemistry and plastic recycling sectors; modern and efficient transportation infrastructure in Canada, especially rail.

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Chemistry industry data

Chemistry is the third largest manufacturing sector in Canada and is vital to our economy. Our reports provide a review of various key industry indicators including shipments, imports, exports, and employment.

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