Jim Ratcliffe halts production at Hull chemical plants over ‘ridiculous’ gas prices
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Business category. Published on September 22, 2026 • Originally reported by Jillian Ambrose. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Business category. Published on September 22, 2026 • Originally reported by Jillian Ambrose. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
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.
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