A Strategic Moment for UK and Europe. Andrew Gomarsall discusses measures to encourage bio-based refining.
The UK and Europe are at a strategic turning point, as reliance on external suppliers can lead to fragile industries.
The more we continue to rely on external suppliers who can weaponise supply or inflate prices, the more fragile our industries will become.
A recent report by the EU Institute for Security Studies (EUISS) highlights China's increasing control and influence over supply chains, export restrictions, and price-wars.
China is using export licence restrictions and pricing policies as tools of geopolitical power, affecting industrial competitiveness.
Author's summary: Europe's raw materials dependency is a strategic issue.