Key Takeaway
Billionaire owner of Ineos says company ‘cannot compete’ with global market despite efficiency of Humberside sitesBillionaire industrialist Sir Jim Ratcliffe is pausing production at three chemical plants in Hull, blaming the UK’s “ridiculously high” gas prices. Ratcliffe’s chemicals conglomerate, Ineos, said on Tuesday it would “mothball” three chemical plants because the cost made it difficult to compete in the global…
Published September 22, 2026 · Category: News
Overview
Billionaire owner of Ineos says company ‘cannot compete’ with global market despite efficiency of Humberside sites
Billionaire industrialist Sir Jim Ratcliffe is pausing production at three chemical plants in Hull, blaming the UK’s “ridiculously high” gas prices.
Details
Ratcliffe’s chemicals conglomerate, Ineos, said on Tuesday it would “mothball” three chemical plants because the cost made it difficult to compete in the global market.
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Source
Originally published at www.theguardian.com.
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Billionaire owner of Ineos says company ‘cannot compete’ with global market despite efficiency of Humberside sitesBillionaire industrialist Sir Jim Ratcliffe is pausing production at three chemical plants in Hull, blaming the UK’s “ridiculously high” gas prices.Ratcliffe’s chemicals conglomerate, Ineos, said on Tuesday it would “mothball” three chemical plants because the cost made it difficult to compete in the global market. Continue reading...
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This story was reported by The Guardian World.