Denmark’s biggest company outlined in 2016 a historic strategic shift to break up its century-old conglomerate structure and sell all its four big energy assets.
Big importers like China and India have been picking up larger volumes as western buyers abandoned the cargoes due to sanctions on Moscow for the invasion of Ukraine.
Many of the substances in question are important to industries that President Biden has backed through other policies intended to bolster global competitiveness and national security.
The EU is still working through how to respond to Biden’s huge climate law, the Inflation Reduction Act (IRA), which will offer as much as $369 billion in handouts and tax credits over the next decade.
Germany’s economy has faltered because of the energy crisis. German GDP fell by 0.4% in the final three months of 2022, according to data published February 24 by the country’s Federal Statistics Office.
Officials had worried that made-in-America provisions attached to some U.S. clean-energy subsidies under the Inflation Reduction Act would steal business from Europe.
The latest supply-chain news, analysis, trends and tools for executives in the chemicals and energy industries. Learn how chemical and energy companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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