Britain's Chemical Industry on Life Support

Britains chemical industry is on the brink of collapse, with key plants like Huntsmans Wilton aniline factory in Teesside facing closure due to high costs. This decline, marked by the closure of Tatas soda ash plant and Ineos ethanol operations, has led to a loss of twenty-five plants in five years. Industry leaders warn of severe consequences, including loss of pharmaceutical, automotive, and food security. The governments efforts to revive the sector, such as restarting a bioethanol plant and approving funds for Grangemouth ethylene, are seen as inadequate. Critics argue that net zero policies and levies are accelerating the decline, with chemical output dropping sixty percent last year. This downturn threatens jobs, supply chains, and even net zero goals, potentially handing control to foreign competitors. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/84ef7e8eb8439cab