This is a really bad turn of events for Europe. BASF, the largest chemical company in the world has announced they are partially shuttering operations in Germany and moving capacity to China, to avoid al the nonsense caused by the environmentalists, not that they had to say it, for it is obvious. According the The Financial Times “The European chemical market has been growing only weakly for about a decade [and] the significant increase in natural gas and power prices over the course of this year is putting pressure on chemical value chains,” chief executive Martin Brudermüller said on Wednesday. Brudermüller said the European gas crisis, coupled with stricter industry regulations in the EU, was forcing the company to cut costs in the region “as quickly as possible and also permanently”. This is the sort of gutting of Western industrialism that the Great Reset has wanted, complete with a movement to china. It feeds into the pereftect storm of resource limitations due to the Ukraine War, and globalists strategies of industrial deconstruction.
