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flag UK chemical manufacturing faces "extinction" due to high costs, with Ineos closing its last synthetic ethanol plant.

flag UK chemical manufacturing is facing potential "extinction," according to Ineos Chairman Jim Ratcliffe, after the company closed its last synthetic ethanol plant. flag The closure, along with planned refinery shutdowns, led to job losses and reflects the sector's struggle against high energy costs and carbon taxes. flag Ratcliffe calls for a government policy to provide competitive natural gas and hydrogen pricing and support domestic manufacturing.

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