The ethanol plant at Grangemouth may produce 180,000 tons a year. Pharmaceuticals were produced using its output.
According to Ineos, the Grangemouth facility was losing money because to the high cost of electricity in Britain.
According to the firm, energy prices in the UK are now five times higher than those in the US, having doubled over the previous five years.
The company went on to say that its factory, which was “essential for the manufacture of many pharmaceutical drugs,” had been “forced to close” due to the UK’s carbon levies.
According to Ineos, the nation’s present emissions trading system, which allows greenhouse gas companies to exchange permits based.
On their environmental emissions, is hurting the domestic market. Costs are not borne equally by importers. The massive chemical company is urging.
