Ineos to Mothball Three Chemical Plants as Energy Costs Hit Production
🏭 EUROPE — The war's energy bill is now shutting down factories, not just raising them. 📌 LOOK CLOSER: Ineos mothballing plants is the industrial phase of the Hormuz shock — energy costs that squeezed margins for months now cross the viability threshold. European chemical production feeds plastics, pharmaceuticals, and agriculture. Each closure is permanent capacity loss, not a pause. Brussels has no fast mechanism to compensate; Tehran has its answer on who absorbs the cost.
