Political leaders in Europe must boost availability of cheap energy and deregulate or risk deeper deindustrialization, according to Peter Huntsman, CEO of Huntsman.
- AI will require vast amounts of cheap energy, Europe disadvantaged
- EU energy policies have closed access to huge reserves of oil and gas
- Europe has outsourced manufacturing, often to more polluting regions
- CBAM (Carbon Border Adjustment Mechanism) does not work, increases costs of imported raw materials
- Tackle climate change through use of innovative materials, nuclear fusion
- Tariffs are hurting any nascent economic recovery
- Don’t expect strong economic bounce back in 2026
- US reshoring will drive industrial and chemicals demand
- China-driven overcapacity will persist for several years
ICIS journalist Will Beacham interviews Peter Huntsman, CEO of Huntsman
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