Jim Ratcliffe halts production at Hull chemical plants over ‘ridiculous’ gas prices

Sir Jim Ratcliffe also claimed that the government’s energy policy was causing ‘economic vandalism’. Sir Jim Ratcliffe also claimed that the government’s energy policy was causing ‘economic vandalism’. Jim Ratcliffe 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

Prefer the Guardian on Google 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.

Production has already been paused at two of the Humberside plants and the third is due to come offline in a few days, according to Ineos . About 240 people are directly employed by the company across the three sites.