Report: Jim Ratcliffe halts production at Hull chemical plants over ‘ridiculous’ gas prices

The Guardian — Business has covered a development concerning “Report: Jim Ratcliffe halts production at Hull chemical plants over ‘ridiculous’ gas prices,” with the available account limited to the facts included in the supplied text.

Billionaire owner of Ineos states 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. The report also notes that Ratcliffe’s chemicals conglomerate, Ineos , stated on Tuesday it would “mothball” three chemical plants because the cost made it difficult to compete in the global market.

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