Intel stock spikes after report of possible US government stake
Investing.com -- British manufacturers are struggling with high energy and emissions costs that threaten their competitive position against international rivals, according to chemicals company Ineos.
"Unless there is a significant turnaround in the next couple of years with regards to high energy and carbon costs, UK manufacturing is under threat," Ineos stated in an email.
"The reality even for Ineos is stark."
The company’s warning comes after a Telegraph newspaper report that Ineos’ Grangemouth chemical complex, the largest in Britain, could face closure.
Ineos confirmed this report, noting that the Scottish facility is "weighed down" by natural gas and carbon costs that are substantially higher than those faced by plants in other countries.
Ineos had already stopped oil refining operations at the Grangemouth site earlier in 2025.
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