Europe@feddit.orgEnglish · 2 months ago

Energy prices push chemicals groups to explore exit from Europe

www.ft.com

Energy prices push chemicals groups to explore exit from Europe

www.ft.com

schizoidman@lemm.ee to

Europe@feddit.orgEnglish · 2 months ago

Saudi Arabia’s Sabic hires advisers to look at options as competitiveness of the sector comes under pressure

https://archive.is/i56HN

Chemical companies are putting European assets up for sale as they review their operations in the region to cope with high energy prices and competition from newer plants in Asia and the Middle East.

Sir Jim Ratcliffe, the billionaire owner of petrochemicals group Ineos, has consistently warned that Britain’s chemical industry is heading for extinction because of high energy prices and carbon taxes.

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tflyghtz@lemm.ee
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2 months ago
Well we have food for 16 billion and half of it is thrown away.
- jenesaisquoi@feddit.org
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  2 months ago
  And 80% of the other half is used to feed animals, turning every 1000kg of food into 1kg of food.

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