The UK’s National Toxicology Service has published a report which finds the chemical industry has the capacity “to transform the global economy”.
The report, published by the Government’s science advisory group, says that “the chemical industry provides the world with a wealth of knowledge, technology and knowledge base that is vital for the advancement of our country’s chemical industry and the wider industry”.
The government’s science adviser, Dr Richard Tudge, said: “There is no question that the chemical sector can transform the economy and the world and help to tackle global warming and other environmental challenges.”
We believe that the industry can help to solve these challenges.
“The report is based on analysis of government research and industry data and is intended to inform the UK government’s approach to tackling climate change and the use of natural resources.
“It is not a zero-sum game. “
There are hundreds of chemicals and chemicals products that could be produced by the chemical industries,” he said.
“It is not a zero-sum game.
The chemical industry can provide a much-needed boost to our economy.”
The government is already looking at ways to invest in new industries in sectors like pharmaceuticals, biotechnology and materials.
But the report’s release comes at a time when the industry is facing criticism over the way the government has spent money on the research and development of new chemicals.
The government spent £16 billion in the first six months of this year to help the industry develop products and chemicals.
However, this investment has been criticised as a waste of taxpayer money.
The UK has the world’s sixth largest chemical sector with an estimated $US15 billion ($19.2 billion) in annual revenue, according to the National Toxicological Service.
The chemicals industry has a population of more than 80 million people and employs nearly 600,000 people in the UK.
The report finds that the chemicals industry is able to produce products that have been shown to be safe for human consumption.
However the report warns that while the industry’s overall output has increased since 2009, it is now “struggling to maintain its market share”.
“The industry is also struggling to produce a sufficient amount of chemicals for the public to be able to benefit from them, and for the chemicals to be used safely,” the report says.
The Government is currently funding £300 million in research into new chemicals, the report found.