Oxaquim, Europe’s leading producer of oxalic acid and the world’s second largest, has joined The Critical Chemicals Alliance, comprised of the continent’s largest industries, to preserve and modernize strategic production capacities and value chains, decarbonize the sector, reduce dependencies, and attract the right skills.

This announcement comes at a time when the European Commission is actively working to advance the European Critical Raw Materials Act, which, in the face of new geopolitical challenges and with an eye toward the challenges linked to climate change and digital transformation, aims to ensure that the EU achieves the necessary autonomy in controlling the raw materials critical to European industry.

This Act seeks to guarantee a secure and sustainable supply, throughout the value chain, of raw materials critical to European industry and reduce dependence on imports from outside the EU.

Currently, the European Union is heavily dependent on imports of essential raw materials from third countries. This dependence, combined with increased global demand resulting from the transition to a digital and green economy, makes supply chains vulnerable.

This situation needs to be reversed with the support of industries like Oxaquim, which, by joining The Critical Chemicals Alliance, strengthens its position and sees its international leadership in the production of oxalic acid recognized—a vital and strategic component in the transition to a cleaner, greener, safer, and more sustainable economy and world.