Andrew Gomarsall on measures to encourage bio-based refining and address a key issue in our economic security.
The UK and Europe are at a strategic turning point. The more we continue to rely on external suppliers who can weaponise supply or inflate prices, the more fragile our industries will become.
This is brought into sharp focus by a recent report by the EU Institute for Security Studies (EUISS) which highlights China’s increasing control and influence over supply chains, export restrictions and price-wars.
China’s strategy is not just trade but is tying up the underpinnings of industrial competitiveness: the materials, the refining, the supply certainty.
Author summary:
UK and Europe face a strategic turning point in critical raw materials dependency.