Published • loading... • Updated
Ineos to mothball three chemical plants as high energy costs hit production
The company said the move could affect 1,000 workers and threaten nearly 4,000 more jobs if the pause becomes permanent.
- 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.
Insights by Ground AI
64 Articles
64 Articles
In the face of the explosion of gas prices, used both as energy and as raw material, the British group said it was forced to suspend the activity of three English sites. A decision that revived the debate on Europe's energy sovereignty, says Isabelle Chaperon, a columnist at the "World Economy" service.
·Paris, France
Read Full Article
Ineos stops three chemical plants because of high gas prices. The case shows how Europe's energy costs put pressure on industry.
·Berlin, Germany
Read Full Article
Ineos is suspending the operation of all three of its large chemical plants in the UK after energy prices increased 12 times compared with prices in the United States
Ineos is suspending the operation of all three of its large chemical plants in the UK after energy prices increased 12 times compared with prices in the United States.These three plants are Europe's last remaining global acetyl...
Coverage Details
Total News Sources64
Leaning Left5Leaning Right15Center11Last UpdatedBias Distribution48% Right
Bias Distribution
- 48% of the sources lean Right
48% Right
L 16%
C 36%
R 48%
Factuality
To view factuality data please Upgrade to Premium
