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The Independent UK
The Independent UK
Harriette Boucher

Sir Jim Ratcliffe mothballs three UK chemical plants over ‘ridiculously’ high energy prices

Jim Ratcliffe United States Ineos United Kingdom Gas Prices China Europe

Billionaire Sir Jim Ratcliffe is suspending operations at three of his chemical plants over “ridiculously” high gas prices.

Industrial giant Ineos has struggled to compete with the US and China since ​the energy crisis triggered by Russia's invasion ​of Ukraine, and compounded by the Middle East war, left European manufacturers with far higher ​costs than their rivals.

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