Energy prices push chemicals groups to explore exit from Europe
Energy prices push chemicals groups to explore exit from Europe
www.ft.com
Energy prices push chemicals groups to explore exit from Europe
Chemical companies are putting European assets up for sale as they review their operations in the region to cope with high energy prices and competition from newer plants in Asia and the Middle East.
Sir Jim Ratcliffe, the billionaire owner of petrochemicals group Ineos, has consistently warned that Britain’s chemical industry is heading for extinction because of high energy prices and carbon taxes.