EU reached an agreement to ban the production of new fuel vehicles from 2035
On October 28, the European Union reached an agreement to effectively ban the production of new fuel vehicles from 2035, marking an important step on the road to reducing emissions. On Thursday, the main European Union agencies reached an agreement requiring automobile manufacturers to achieve zero emissions by 2035. The agreement requires the EU to reduce greenhouse gas emissions by 55% by 2030 and achieve the goal of climate neutrality by 2050. The spokesman of the Czech Republic, the rotating presidency of the EU, said, "This is the beginning of a major transition for the EU," said Jane Whitma, the chief negotiator of the European Parliament, "This shows that this proposal is feasible. More than a year ago, as part of the EU's economic green reform, the agreement was one of the most controversial proposals in the EU. Now, the adoption of the agreement marks the unexpected rapid progress of the proposal."
Evonik is about to divest this business
2026-10-14
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Lenzing Group, a European fiber giant with over a century of history, is being forced to close two plants and cut 2,000 jobs globally
-
SABIC Agri-Nutrients Advances Mega Fertilizer Expansion With 1.2 Million MT/Year Ammonia Plant
-
Ineos Exits Sinopec Tianjin Joint Venture, Pays $120 Million "Breakup Fee"
-
Evonik Reports Strong Q2 Results as Supply Chain Disruptions Boost Chemical Margins
-
$25 Billion Paint Giant Born: AkzoNobel and Axalta Shareholders Approve Merger by Landslide
-
ContextLogic Acquires gChem for $850 Million in Major Specialty Chemicals Deal
-
Supply Chain Resilience Reshapes Chemical Competition: What Lies Behind BASF’s Stable Outlook
-
Two Major Dye Giants Hike Prices Consecutively: Longsheng Raises Prices by Up to RMB 10,000/Ton, Yabang Increases Some Products by RMB 60,000/Ton
-
AkzoNobel Rejects €12.5 Billion Offer from Nippon Paint and Sherwin-Williams, Sticks to Merger with Axalta
-
Aster Opens Singapore’s Storage and Marine Network to Third Parties
Recommend Reading
-
Geopolitical Conflict Drives Up Chemical Costs: The Industry Signal Behind DuPont’s Upgraded Outlook
-
BASF Launches Global Expansion Plan for Aroma Ingredients
-
BASF Launches Global Expansion Plan for Aroma Ingredients
-
Can the Manufacturing Sector Withstand Dow’s April Polyethylene Price Doubling?
-
South Korea Moves Urgently to Control Petrochemical Feedstock Hoarding as Supply Chain Risk Escalates to the National Security Level
-
Business Society September 21, 2026 Urea Trend Analysis: Clear Decline
-
Business Society September 22, 2026 Phthalic Anhydride Trend Analysis: Clear Decline
-
Melamine Market Continues to Rise, "Positive Expansion" of Moving Averages Signals Acceleration
-
Business Society September 21, 2026 Hydrofluoric Acid Trend Analysis: Volatility
-
July China BDO Market Shows Slight Recovery