Mytilineos Called for Unified European Industrial Strategy
The Metlen executive warns that European manufacturers must prioritize near-term capacity over waiting for long-term infrastructure.
Updated on Sept. 22, 2026 in Oil and Gas
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Metlen Energy & Metals Executive Chairman Evangelos Mytilineos has urged EU leaders to overhaul industrial strategy to protect competitiveness. The call follows the release of the Draghi report and emphasizes that the EU will continue to rely on oil and natural gas through 2035.
Why it matters
The proposal addresses the urgent need to stabilize industrial costs and supply security now, rather than waiting for future green infrastructure to reach scale. For operators, this highlights a potential shift in regional policy toward shoring up domestic mining, processing, and recycling capabilities.
The European Union maintains plans to continue consumption of oil and natural gas through 2030 and 2035. This outlook serves as the benchmark for Mytilineos's call to bolster domestic industrial supply chains.
The players
Evangelos Mytilineos
Executive Chairman of Metlen Energy & Metals, a global leader in metallurgy and energy infrastructure.
Metlen Energy & Metals
A multinational corporation specializing in industrial energy, metallurgy, and sustainable infrastructure solutions.
The details
Mytilineos advocates for a comprehensive approach to industrial independence, specifically focusing on strengthening domestic mining, processing, and recycling operations. By prioritizing these mid-stream industrial capabilities, the strategy aims to mitigate the competitiveness gap highlighted in the Draghi report. This approach assumes that reliance on traditional energy sources will remain a baseline for industrial operations in the region for the next decade.
Timeline
2030 marks the first benchmark year for EU oil and gas consumption targets.
2035 represents the extended horizon for continued EU reliance on traditional energy.
Market Landscape
The call for a unified industrial policy follows the recent focus on European industrial competitiveness sparked by the Draghi report. It shifts the dialogue from broad sustainability targets toward the immediate operational requirements of the continent's manufacturing base.
Operators in energy-intensive sectors should monitor upcoming EU industrial policy shifts for potential subsidies or regulatory changes favoring domestic raw material processing. Focus near-term planning on supply chain resilience while regional energy strategies remain in flux.
The takeaway
European industrial competitiveness remains contingent on stabilizing energy costs and material access through 2035. Leaders should track future legislative updates to the Draghi-aligned strategies to assess the impact on regional supply chain costs and availability.
Further reading
For more on the regional energy environment, see our coverage of Oil and Gas.
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Should European nations prioritize immediate industrial competitiveness over long-term green energy transition goals?
