(IN BRIEF) INEOS Acetyls will cut 60 skilled jobs at its Hull Acetyls plant following mounting challenges from high energy costs and a surge in cheap, high-emission imports from China. The company warned that these carbon-intensive imports, which emit up … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Management, News, United Kingdom
Tagged acetic acid, acetic anhydride, anti-dumping tariffs, carbon emissions, chemicals industry, China imports, David Brooks, decarbonisation, deindustrialisation, energy costs, ethyl acetate, ETS, European Commission, Hull, hydrogen investment, INEOS, INEOS Acetyls, INEOS Calls for Urgent Trade Tariffs After Cutting Jobs at Hull Site Due to Unfair Market Pressures, INEOS Warns of Deindustrialisation as Carbon-Heavy Imports Undermine UK Chemical Sector, job cuts, sustainable production, trade policy, UK Emissions Trading Scheme, UK manufacturing
(IN BRIEF) The EIB and European Commission’s collaborative report “Shock Waves from Turbulent Times” surveys 850 EU importers and finds that EU businesses have swiftly adapted to recent global supply-chain shocks. Key resilience strategies include investing in digital tracking (adopted … Read the full press release
Posted in Banks, Economy, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Technology
Tagged China imports, Debora Revoltella, digital tracking, economic security, European Commission, European Investment Bank, financing, geopolitical risk, intra-EU trade, policy support, Román Arjona, Single Market, supplier diversification, supply chain resilience, “Shock Waves from Turbulent Times”
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