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Archived story3 articles · 3 publishers

Ineos suspends production at three Hull plants over UK gas prices

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3 from 3 publishers

Ineos has paused production at three chemical plants in Hull, with owner Sir Jim Ratcliffe blaming "ridiculously high" UK gas prices. Ratcliffe said the company "cannot compete" globally, with Ineos noting natural gas in the UK is twelve times more expensive than in the US. The suspension puts thousands of jobs at risk at the sites, which produce raw materials for pharmaceuticals and clothing.

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Ineos suspends production at three Hull plants over UK gas prices
Photo: Evening Standard

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