UK Gas Prices Force Ineos to Idle Three Chemical Plants
- On September 22, 2026, Ineos began pausing production at its three chemical plants in Hull, with two facilities already ceased and the third halting shortly.
- Ineos chairman Sir Jim Ratcliffe said the firm is "being forced to mothball some of the most efficient plants" in Europe due to "ridiculously high" British gas prices.
- Around 1,000 employees are directly affected, including 245 staff at the Hull sites, while Ineos warned of a potential knock-on impact to a further 3,000 skilled jobs in Humberside.
- These plants produce raw materials for pharmaceuticals, clothing, cosmetics, construction, and military explosives, raising supply chain concerns as operations halt due to soaring energy costs.
- Gas prices reached the highest level since December 2022, largely driven by the US-Israel war in Iran and disruption to supplies through the Strait of Hormuz.
42 Articles
42 Articles
The European energy crisis is once again starting to be felt directly in the industry. In the UK, chemical giant Ineos has announced a production halt at three of its Hull plants due to high gas prices, as Europe heads into the winter season with lower-than-usual supplies. Against this backdrop, the International Energy Agency (IEA) has warned that a series of geopolitical and market shocks in 2026 have made the global gas market more vulnerable…
The Ineos Chemical Corporation suspends three of its factories in England because of the extreme price of natural gas, reports BBC with reference to the owner of the British businessman's industrial group Jim Ratcliffe. Ratcliffe declared production shut down due to lack of competitiveness in the context of the energy crisis, transfers TASS. "We are forced to maintain some of the most efficient industries in Europe, but at current gas prices, wh…
Chemicals Tycoon Shuts Down Three Plants Due to ‘Ridiculously High Energy Prices.’
Soaring energy prices in the United Kingdom have led Ineos to halt operations at three chemical plants, jeopardizing thousands of jobs and raising concerns over the country’s industrial and environmental policies.
The British international group Ineos will have three of its chemical plants in the UK, and after the price spike, the owner sees no sense in the operations of the enterprises: they are 12 times higher than in the United States.
Stuffed by energy costs compared to the United States and China, Ineos closes its last three European plants, illustrating the existential crisis of chemistry on the continent. ...
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