UK's Richest Industrialist Warns China's Chemical Flood Threatens Europe's Security - London Business News
2 Articles
2 Articles
National security at risk as China 'deliberately floods market with cut-price chemicals'
China is deliberately flooding Europe with cut-price chemicals, causing factory closures and putting national security at risk, Sir Jim Ratcliffe has warned. In a letter to Ursula von der Leyen, president of the European Commission, the billionaire boss of Ineos warns that urgent action is needed to protect the sector, with 200 chemicals plants in Europe closing in the last five years alone.Were domestic capacity to vanish, prices would soar, he…
UK's richest industrialist warns China's chemical flood threatens Europe's security - London Business News
For years, Europe’s industrial decline has been blamed on high energy prices, burdensome regulation and the cost of decarbonisation. Now, one of Britain’s biggest industrialists argues there is a second,… The post UK’s richest industrialist warns China’s chemical flood threatens Europe’s security appeared first on London Business News
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