Chemical companies are putting European assets up for sale as they review their operations in the region to cope with high energy prices and competition from newer plants in Asia and the Middle East.
Sir Jim Ratcliffe, the billionaire owner of petrochemicals group Ineos, has consistently warned that Britain’s chemical industry is heading for extinction because of high energy prices and carbon taxes.
We cannot all work in the IT field or bank.
When we will all of us be unemployed, not sure we will be able to buy everything from asia or russia.
We just witnessed a month ago that we need an european army/ industry, and some of you think it’s good we lose the only things that we still have.
If you want to improve the industry, maintain it in Europe.