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Ineos pauses production at its three Hull plants, blaming UK gas prices

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Wise, A. (2026, September 22). Ineos pauses production at its three Hull plants, blaming UK gas prices. Evening Standard. https://www.standard.co.uk/business/business-news/jim-ratcliffe-ineos-hull-humberside-government-b1297924.html

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Evening Standard · collected 2026-09-22 · by Anna Wise

Quick Summary

Ineos has halted production at its three chemical plants in Hull due to soaring UK gas prices, affecting about 1,000 employees based at the Saltend Chemicals Park. The company’s chairman, Sir Jim Ratcliffe, attributed this decision to natural gas costs being significantly higher than those in the US and China, making European manufacturing uncompetitive. Ineos has ceased operations at two plants already, with the third set to follow shortly, blaming high energy prices for these closures despite no immediate plans for redundancies.
Written by AI on 2026-09-22, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Sir Jim Ratcliffe, founder of Ineos, a major chemical company, announced that his firm would temporarily halt production at three chemical sites in Hull due to extremely high natural gas prices in the UK. Gas costs are 12 times higher than in the US and eight times more expensive than in China, where coal is predominantly used. This decision affects up to 4,000 jobs, with about 240 directly employed by Ineos and another 3,000 indirectly linked through supply chains.

Ratcliffe cited high UK taxes and immigration as factors contributing to the country's economic challenges, blaming them for high gas prices that are making it difficult for Ineos to compete globally. The affected plants produce raw materials used in pharmaceuticals, clothing, cosmetics, detergents, construction materials, and military explosives. Workers at the sites will remain employed during the temporary closure while Ineos seeks alternative solutions, such as securing liquefied natural gas (LNG) directly from the US or waiting for a decrease in UK gas prices.

Written for “Ineos Plant Shutdowns Gas Prices” on 2026-11-02, grounded in this article and the 3 other(s) covering the same event.

Story

📰 Ineos Plant Shutdowns Gas Prices
Economy/Business · 4 article(s) covering the same event. Compare every outlet's account →

Compared with similar articles

This article reads unscored and hedges 8% of its claims. Each row says how that neighbour differs.
BBC News
Hedges 1 of 19 claims Outlet record 68/100
The Guardian
Hedges 1 of 17 claims Outlet record 66/100
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
12
sentences that state something as happening or true
Uncertain
8%
1 of 12 hedged ("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
65/100
Evening Standard's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
4
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-22 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Evening Standard · 8077 article(s) · 68 correction(s) detected
Running correction rate · 68 correction(s)

Who wrote this

Anna Wise
72 article(s) here · 1 carrying a prediction
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Also by Anna Wise
Nothing else under this byline is closely related to this article, so these are simply their most recent.
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Topics

China Hull Ineos Iran Israel

Subjects

Ineos PERSON · 6× Jim PERSON · 3× China GPE · 2× Britain GPE · 1× Hull GPE · 1× Iran GPE · 1× Israel GPE · 1× Jim Ratcliffe PERSON · 1× Michael Shanks PERSON · 1× the Press Association ORG · 1×

Narrative

A spokesman said that, because of the operational demands of the site, all Ineos employees will remain working even through the process of making the plants idle, and confirmed there were no redundancies planned. Sir Jim, its founder and chairman, said Ineos was “being forced to mothball some of the most efficient plants in Europe but with gas prices now 12 times the level in the US and eight times that of China, we just cannot compete”. He blamed “ridiculously high” prices for “destroying our manufacturing base and the jobs of hard-working people on Humberside”.
framing: assertive · carried by 1 article(s) · first seen 2026-09-22
🔮 It is understood that around 1,000 employees who are based at the Saltend Chemicals Park will be affected by the move, of which about 240 are directly employed by Ineos.
2026-09-22 · Evening Standard
Ineos pauses production at its three Hull plants, blaming UK gas prices · assertive framing

Claims (12 extracted, 1 hedged)

Ineos is one of the world’s largest chemical companies, producing raw materials used in products including pharmaceuticals, clothing and cosmetics, construction and military explosives. asserted
Ineos → produce → pharmaceuticals
It is understood that around 1,000 employees who are based at the Saltend Chemicals Park will be affected by the move, of which about 240 are directly employed by Ineos. asserted
240 → understand → Ineos
A spokesman said that, because of the operational demands of the site, all Ineos employees will remain working even through the process of making the plants idle, and confirmed there were no redundancies planned. Sir Jim, its founder and chairman, said Ineos was “being forced to mothball some of the most efficient plants in Europe but with gas prices now 12 times the level in the US and eight times that of China, we just cannot compete”. He blamed “ridiculously high” prices for “destroying our manufacturing base and the jobs of hard-working people on Humberside”. asserted
He → say → Humberside
Gas is used as energy and to power the production processes at the Hull plants, which produce three key types of chemicals – acetic acid, acetic anhydride and ethyl acetate. asserted
which → use → chemicals
These are used in a range of everyday products including household cleaning products, packaging and plastics, aspirin and paracetamol, textiles and paints, and in the production of food preservation. asserted
These → use → preservation
Ineos said two plants had already ceased production and the third would be paused in the next few days. asserted
third → say → days
Read More UK natural gas prices have roughly doubled between July and September, recently reaching the highest level since December 2022. asserted
prices → read → December
This has largely been driven by the US-Israel war in Iran and disruption to oil and gas supplies through the Strait of Hormuz. asserted
This → drive → Hormuz
The scheme was designed to reduce emissions across the economy by making it more expensive to burn fossil fuels and other waste. asserted
it → design → fuels
Sir Jim has said it has made the UK a less competitive place for manufacturers to operate compared with nations such as China and the US. asserted
manufacturers → say → China
Last year, he warned that Europe’s chemical industry was at a “tipping point” and only urgent action could save it. Energy minister Michael Shanks said he was calling on Sir Jim “to be part of the solution” and work with the Government on its reindustrialisation plans. “We’re doing a lot of work across government on the chemicals industry at the moment, but I would call for Jim Ratcliffe to be part of the solution to building the reindustrialisation of Britain,” he told the Press Association. “He has an important role to play in that, and I think he should work with us to make sure we’re protecting as many jobs as possible.” A spokesperson for the Department for Business and Trade said: “While this is a commercial decision from Ineos, we know this will be a concerning time for workers in Saltend and their families. “We’ve taken bold action to support our chemicals industry including £350 million for strategically important chemicals producers, which will be available on a co-investment basis. uncertain
which → warn → basis
“We’ve also put trade measures in place on foreign chemicals imports and are tackling high electricity costs via our Supercharger and British Industrial Competitiveness Scheme to keep our chemicals sector competitive.” asserted
We → put → sector
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