Ineos boss: Europe must go for shale gas

Brussels – The chemicals industry faces dire consequences if Europe does not develop low-cost energy to make it able to compete with other regions like the US which benefit from shale gas development, warned Jim Ratcliffe, chairman of Ineos.

In a hard-hitting address in Brussels, the boss of the chemicals giant criticised the European Union’s competitiveness strategy in relation to manufacturing, energy and raw material costs, and regulation. At a PolyTalk conference organised by PlasticsEurope, Ratcliffe spoke of the stark contrasts between the EU and the…

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