Royal Dutch Shell said it would import products from around the region to replace output from its Clyde refinery in Australia, which it plans to convert into a fuel terminal in 2013.
It intends to continue supplying all its existing customers after the plant stops refining, Shell vice-president Andrew Smith told reporters.
Smith said the proposal had nothing to do with the Australian government's proposed carbon tax.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Novo Nordisk recently announced changes to its executive leadership and Board of Directors.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
Valerie Diele-Braun resigned from her position as CEO and member of the Executive Board of IMCD at the end of April for personal reasons.
