On 2026-09-22, billionaire Sir Jim Ratcliffe suspended production at three Ineos chemical plants in the UK, citing natural gas prices that are twelve times higher than in the United States. The facilities produce raw materials for pharmaceuticals, textiles, cosmetics, and military explosives.
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Uh Oh! "The facilities produce raw materials used to make pharmaceuticals, clothing, cosmetics, detergents, construction materials and military explosives in the UK and Europe. Gas is a key ingredient in production....the move will affect up to 1,000 of its staff..." www.bbc.co.uk/news/article... Ineos said natural gas in the UK is twelve times more expensive than in the US.
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Ineos said European gas prices were now 12 times higher than in the US
UK — Thousands of jobs could be lost as Ineos halts production due to soaring UK gas prices. #UK #News Ineos, the UK’s largest chemical company, has suspended operations at three of its major plants in Hull following a sharp rise in gas prices. The decision, made by billionaire owner Sir Jim Ratcliffe,… · Photo : PEO ACWA · CC BY · Wikimedia
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. Ratcliffe’s chemicals conglomerate, Ineos , said on Tuesday it would “mothball” three chemical plants because the cost made it difficult
Jim Ratcliffe halts production at Hull chemical plants over ‘ridiculous’ gas prices | Jim Ratcliffe | The Guardian https://www. theguardian.com/business/2026/ sep/22/jim-ratcliffe-halts-production-hull-chemical-plants-gas-prices-ineos-uk
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