There is an opening politically for some kind of US-China trade deal in the fourth quarter of 2019 or early 2020, ahead of the US presidential election in November 2020, the CEO of Huntsman said.
“If it’s not settled entirely, there could be a partial deal to take the worry out of it. We could see a 1,500 point move in the [US stock] market, creating trillions of dollars in value,” said Peter Huntsman, CEO of Huntsman, in an interview with ICIS.
The resulting benefits of a trade deal would set the stage for the November 2020 US presidential election where President Donald Trump is basing a large part of his re-election strategy on the strength of the US economy, he noted.
The tariffs and negative sentiment are hitting China far harder than the US, said the CEO.
“You’ve got to think that China is really concerned. The US is less dependent on exports than ever with exports accounting for 9.5% of GDP. And half of that comes from Canada and Mexico,” said Huntsman.
“The US is less dependent on the world for both energy and exports,” he added.
By Joseph Chang
Source: ICIS News
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?