Ratcliffe mothballs Hull chemical plants as UK gas hits 12 times US price
Ineos said almost 4,000 jobs in the Humberside supply chain hang on the plants if the pause becomes permanent.
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Ineos said almost 4,000 jobs in the Humberside supply chain hang on the plants if the pause becomes permanent.
The figures match a plan first set out in June under the “tailor Made” programme.
Belgium and Germany have borne the brunt of a sharp downturn in Europe’s chemicals industry. The sector has been shrinking fast;
A major restructuring and cost-cutting operation at Evonik, a publicly-listed German specialty chemicals company, could reduce its workforce by one-fifth.
German chemistry giant BASF has said it was contemplating the closure of one in seven facilities at its main plant in Ludwigshafen.
German multinational BASF is sparking a heated debate about degrowth and deindustrialisation.