ExxonMobil has announced the closure of its Fife Ethylene Plant at Mossmorran in Scotland, attributing the decision to UK government policies and persistent high costs. The plant, operating since 1985,
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Manufacturers across the United Kingdom face mounting hardships from high electricity prices as a government relief plan is due to come into effect no earlier than 2027. Industry leaders and
Eighteen miles off the Norfolk coast, last week marked a pivotal moment in Britain’s energy transition. The Valaris 72 oil rig, typically associated with petroleum exploration, was instead drilling the
The European chemicals sector, once a powerhouse of the continent’s industrial landscape, faces existential jeopardy according to Sir Jim Ratcliffe, chief executive of Ineos. He warns that within a decade,
Billionaire Sir Jim Ratcliffe’s Ineos is set to cut 60 jobs at its Acetyls plant in Hull, citing cheap Chinese imports and elevated UK energy costs as the key reasons
The British chemical industry faces an existential crisis as a leading credit insurer deems the entire sector “very high risk” amid unprecedented rises in energy costs and a surge in
Britain’s energy bills could be reduced by at least £2 billion annually through reforms to prevent costly gas-fired power plants from setting wholesale electricity prices. According to Adam Bell, a
The government’s newly appointed value for money tsar faces mounting pressure to thoroughly examine the financial viability of the Sizewell C nuclear power station project, scheduled for final approval in
