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Energy Transition: The investments illustrate China's drive to reduce its import dependence and further cement its dominance of renewable energy and electric vehicle supply chains. The move pits the Chinese companies against Dow Chemical, Exxon Mobil and BASF in making key materials.
The past few weeks have seen profit warnings and new financial forecasts by multiple animal nutrition and chemical companies. dsm-firmenich's accelerated restructuring, which includes production stops, asset reviews, and organizational restructurings, surprised markets. Other companies followed suit.
The DAX benchmark of the Frankfurt bourse attempted a rebound on Thursday amidst fresh earnings updates..
Latest news on GMO food, GMO crops, GMO labelling and genetically modified organisms
"De-risking is urgently needed," the document reads. How that will be achieved is less clear