Could you provide us with an update on ASIQUIM’s 2025 activities, including highlights?

This year, we successfully completed the verification process for all our members under the Responsible Care program, a goal we set back in 2017. Every member contributed and did an excellent job in achieving this milestone. Notably, 2024 also marked the 30th anniversary of Responsible Care in Chile.

ASIQUIM has also remained active in supporting the development of regulations and advising members on compliance, which is becoming increasingly complex. We continue to advocate for the harmonization of chemical regulations across Latin America.

We enhance visibility through open house events, foster university and research cooperation, and uphold industry standards with our Road Transport Homologation System.

How has 2025 been for the chemical sector in Chile, and what are its comparative advantages and the challenges it faces?

The chemical sector accounts for 8% of Chile’s exports and 15% of its imports. In 2024, Chile led global exports in 11 chemical products. ASIQUIM members produced five of those and were suppliers for four of the remaining six.

The sector’s share of GDP has grown; however, investment has slowed, an issue mirrored in other countries where bureaucracy presents significant barriers. ASIQUIM has been defending the sector’s interests in this area as part of its ongoing advocacy work.

Chile has tremendous potential for renewable energy: solar in the north and wind in the south. This could enable some of the lowest unit prices for green hydrogen globally. However, realizing this potential requires substantial investment in ports facilities and infrastructure. Lengthy permitting processes remain the main obstacle to these investments, and we are actively engaging with the government to ensure our perspective is understood.

How is Chile’s chemical sector adapting to the current geopolitical tensions, and how might it benefit from these to increase its international presence?

The pandemic taught the world that one cannot depend on a single source of supply. The ongoing trade wars and expanding tariffs are disrupting global trade flows. In response, the chemical sector and its downstream industries have diversified their commercial partnerships to mitigate risks associated with market volatility. Likewise, when it comes to imports, we must also diversify sourcing.

Chile stands to benefit from nearshoring and friendshoring strategies, thanks to its extensive network of free trade agreements and its ability to respond swiftly to international demand. Chile could be in a position to fill supply gaps caused by global shocks.

Is there a trend in Chile towards higher added-value products?

Many industries have been impacted by Asian competition, particularly in commodities. As a result, some producers and distributors are shifting toward more sophisticated, higher-margin products. However, the commoditization of specialty chemicals, offered at competitive prices by Asian countries, has diminished the added value that originally justified this transition.

What measures would ASIQUIM ask of Chile’s next government to support the chemical industry?

We urgently need a more agile permitting system. Without it, many essential projects will be delayed or even abandoned. It is not about lowering standards, but about making processes faster and more efficient. Security is another critical issue. Chile was once considered very safe, but theft has increased. The incoming government must prioritize resolving this.

Where are new investments expected in the sector?

Lithium producers are investing heavily in R&D, and hydrogen companies are planning large-scale projects. However, these investments depend on the availability of infrastructure, and overall investment remains stalled due to permitting delays. Without action, many of these projects may never materialize.

What are ASIQUIM’s plans for the near future?

We are proactively evolving to meet today’s dynamic challenges, reflecting a significant increase in membership interest. Our priority is to continue delivering exceptional value.

We are currently reviewing our strategy and governance to adapt, enhance board representation, and broaden our scope in addressing current industry issues. This involves making necessary tactical adjustments and incorporating best practices and a more direct reflection of our members’ voice.

Concurrently, we will continue strengthening ties with academia, promoting Responsible Care, and maintaining our Road Transport Homologation System. These strategic shifts position ASIQUIM at the forefront, ready to lead and support our members into the future.