Chemicals is the third-biggest industry in Lithuania after oil refining and food production. Total sales in 2016 were €1.63 billion, down from €1.89 billion in 2015.
Chemicals is the third-biggest industry in Lithuania after oil refining and food production. Total sales in 2016 were €1.63 billion, down from €1.89 billion in 2015.
Chemicals were 12.4% in 2016 compared to 10.9% of Lithuania’s industry exports in 2016 and have been growing in recent years. The main products are phosphoric and nitrogen fertilizers and plastics, notably PET.
A nascent life sciences, pharma and biotech sector is growing fast, and exceeded €300 million of annual sales. The chemical industry is dispersed around the country, including coastal areas. It employed 5,000 people in 2016.
Lithuania has set up three integrated Science, Studies and Business Centres (“Valleys”) designed to aid the development of its chemical industry. They are Sunrise Valley at Vilnius; the Centre for Physical Sciences and Technology at, Vilnius; and SANTAKA , (pharmaceuticals and, life sciences) at Kaunas.
Two of Lithuanian six proposed Smart Specialisation priorities are related to chemistry: medical and pharmaceutical engineering and new functional materials.