The world’s largest chemicals company, Germany's BASF, has forged partnerships with energy groups Vattenfall and RWE to build its own offshore wind farms in a bid to secure sufficient amounts of renewable energy for its chemical plants in Northern Europe.
Whether an EU-US trade deal is concluded this year, next year, or 2020, is irrelevant in the larger scheme of things. As the world’s centre of gravity inexorably moves towards Asia, Europe has an appointment with history, writes René van Sloten.
International institutional investors with assets worth more than €61 billion in assets under management have called on nine multinational energy and mining companies to leave EU lobbying associations, because of their “regressive” climate change policies.
The European chemical sector has issued a “very serious” warning about its slumping competitiveness, but refuses to be alarmist just yet, saying shareholders should not worry, that big industrial groups are now global, and less exposed to Europe.