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Ineos idles three Hull plants

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Ineos, owned by Sir Jim Ratcliffe, idled three chemical plants in Hull on Tuesday and blamed "ridiculously high" gas prices that made UK operations uncompetitive.

by Prem Sikka

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premnsikka.bsky.social
Jim Ratcliffe suspends production at key UK plants as gas prices soar.

High prices due to Trumpian wars, profiteering by energy companies.

UK squandered the North Sea oil revenues, privatised energy. Govt has fewer policy options but can remove green levies from customer bills.

Nationalise energy
Sir Jim Ratcliffe suspends production at key UK plants blaming high gas prices
Ineos said natural gas in the UK is twelve times more expensive than in the US.
www.bbc.co.uk
September 22, 2026 at 4:51 PM
The Guardian
Jim Ratcliffe halts production at Hull chemical plants over ‘ridiculous’ gas prices

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 to compete in the global market. Continue reading. . .

Jim Ratcliffe halts production at Hull chemical plants over ‘ridiculous’ gas prices
Reposts 0 4h
Handelsblatt
Natural gas: Production suspended – chemical giant Ineos grapples with high gas prices

The United Kingdom is grappling with ever-higher natural gas prices. The chemicals giant Ineos is taking action and is partially suspending production.

Natural gas: Production suspended – chemical giant Ineos grapples with high gas prices
Reposts 0 6h
Financial Times
Ineos idles three UK chemical plants as gas prices soar

Jim Ratcliffe-owned conglomerate suspends factories in Hull, which employ 300 people, as oil and gas prices surge on Iran war

Reposts 0 9h
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