schizoidmanMay 11, 2025

Energy prices push chemicals groups to explore exit from Europe

https://lemm.ee/post/63672370

Energy prices push chemicals groups to explore exit from Europe - lemm.ee

https://archive.is/i56HN [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.

Show threadhuppakeeMay 11, 2025
Considering the damage chemical companies do to the environment and public health this sounds like a very good thing for Europe, but they will look for places where the leach is looser and it might be a really bad thing for the planet as a whole. I hope EU governments care enough about that
Show threadstefanoMay 11, 2025
In Europe they can’t do much harm, we have very strict regulations. But without chemical industries, we’ll not have modern society: no food for 8 billions, no tech, no gas and no batteries, no plastic. Now tell me again that you want to remove from Europe the chemical industry and the what?
Show threadtflyghtz
Well we have food for 16 billion and half of it is thrown away.
May 11, 2025 at 8:00pmWeb
Show threadjenesaisquoiMay 12, 2025
And 80% of the other half is used to feed animals, turning every 1000kg of food into 1kg of food.