Businesses are facing a scenario in which their legal, regulatory and reputational risk profiles are being determined by the level of their understanding of sustainable chemistry.

The incident is the latest flare-up in one of the world’s most oil-rich regions, after Iran seized another tanker in the nearby Gulf of Oman April 27.

INPEX and Idemitsu will acquire carbon credits in order to neutralize 100% of the carbon dioxide generated by ANA’s jet fuel supply chain.

U.S. officials believe the seizure was a retaliation against a decision by the Department of Justice to force a tanker headed to China with Iranian oil to redirect to America

Iran’s state-run IRNA news agency reported that a Marshall Islands-flagged tanker collided with an Iranian vessel in the Persian Gulf, prompting Iran’s navy to seize the vessel in Gulf of Oman.

Automakers and EV battery makers alike are increasingly rushing to make investments in North America in order to receive tax credits provided by Biden’s landmark climate change bill.

The approach has brought new costs and logistics hurdles for supply chains that are adding a new twist to globalization.

The change will bring much-needed liquidity into the benchmark, which for years has been suffering from shrinking supplies.