Natural gas: Production suspended - Chemical company Ineos struggles with high gas prices
The United Kingdom is struggling with ever-increasing natural gas prices. The chemical giant Ineos is now drawing consequences and temporarily halting part of its production.
Ineos, a British chemical company, has temporarily halted production at its three plants in Hull, England. The company's owner, Jim Ratcliffe, cited high gas prices in the UK as the reason, stating that they are 12 times higher than in the US and 8 times higher than in China. The plants produce chemicals used in various products, including pharmaceuticals, clothing, cosmetics, and explosives.
Around 1000 employees are affected, with 245 working at the impacted sites. Two plants have already stopped production, while the third is expected to follow in the coming days.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
