The European Chemical Industry Council or Cefic is the main European trade association for the chemical industry. It was founded in 1972. Its headquarters are located in Brussels. Cefic is a not-for-profit organization which represents 28,000 large, medium and small chemical companies in Europe, interacting on behalf of their members with international and EU institutions, non-governmental organisations, the international media, and other stakeholders. The chemical industry is a prominent part of Europe’s economy of the future, with over 1.2 million workers, €499 billion turnover and €9.4 billion R&I investments.