Due to rising energy prices and the move to net zero, Sir Jim Ratcliffe has warned that Britain’s multibillion-pound chemicals sector faces “extinction.”
A synthetic ethanol facility in Grangemouth, Falkirk, Scotland, was closed by Ineos last week, causing.
The loss of 80 direct employment and an estimated 500 indirect jobs in the broader economy. One of the wealthiest individuals in Britain and a co-owner of Manchester United,
Sir Jim, stated: “De-industrializing Britain does nothing for the environment.” All it does is move pollution and manufacturing to another location.
“The UK needs high-quality manufacturing and the employment that go along with it, especially in the North.
We are seeing one of our main businesses become extinct as the manufacturing of chemicals is being pushed out of it.
