It’s not feasible. Even under aggressive diversification scenarios, China is forecast to retain 78% of global refining capacity in 2040, only slightly down from its current position. The numbers clearly show that independence from Chinese supply chains is a multi-decade project and simply not achievable in the near term.
Furthermore, the UK can’t even produce steel anymore, how they plan to spin up a complex refining industry is frankly beyond me.
It’s not feasible. Even under aggressive diversification scenarios, China is forecast to retain 78% of global refining capacity in 2040, only slightly down from its current position. The numbers clearly show that independence from Chinese supply chains is a multi-decade project and simply not achievable in the near term.
Furthermore, the UK can’t even produce steel anymore, how they plan to spin up a complex refining industry is frankly beyond me.