Major Chemical Plant To Shut Due To High Energy Costs & Carbon TaxesJune 25, 2025By Paul Homewood
Meanwhile, while the climate crackpots in the CCC continue to make fools of themselves, their policies are wreaking further damage on UK industries:
The Telegraph has the story:
The owner of one of Britain’s biggest chemical plants has confirmed it will close, dealing a blow to Sir Keir Starmer’s new Industrial Strategy just days after it was launched.
Saudi Aramco-owned Sabic said on Wednesday that it had decided to shut the Olefins 6 “cracker” facility in Teesside permanently following a review of “competitiveness”.
It comes after the company had paused a major conversion of the plant to run on gas feedstock, sparking speculation that bosses were on the verge of announcing its closure.
The move puts about 300 local jobs at risk and underscores the strain faced by Britain’s chemicals industry as a result of crippling energy prices and a tough global market….
The Prime Minister has vowed to tackle high electricity prices, promising to lower bills for energy-intensive industries.
However, industrialists such as Sir Jim Ratcliffe, the owner of petrochemicals empire Ineos, have warned that many businesses are also struggling with high gas prices and carbon taxes.
In recent weeks, two bioethanol plants in Teesside and Hull have also warned that high energy prices have put them at risk of closure.
Teesside-based Ensus and Hull-based Vivergo have also warned their plants risked closure without government support for the UK bioethanol sector. Vivergo gave a deadline of June 25 for support.
