Inovyn Warns of Potential Shutdown of UK Salt Plant, Threatening Industry Stability
Inovyn has warned that its Runcorn salt plant, which supplies half of Britain's salt, may shut down without government intervention, potentially forcing the UK to rely on imported salt for the first time. The chemicals sector is facing a crisis, with a significant decline in salt production and 11 major plant closures in the past decade, exacerbated by rising energy costs and insufficient government support. Experts caution that without substantial changes, further closures could undermine the UK's industrial capabilities.
Theia Market Signal Identification - AI Assisted
Inovyn, which produces 50% of Britain's salt, may shut its Runcorn plant without government intervention, marking a potential first for the UK in relying on imported salt. The chemicals sector faces a broader crisis, with 11 major plant closures in the last decade.
Britain's salt production has decreased to nearly 3 million tonnes, down from historical levels. The UK is now dependent on imports for ammonia and sulphuric acid, essential for fertilizers and explosives.
Recent energy price increases have further pressured the sector, leading to a 20% output decline in three years. Government support for INEOS's ethylene cracker was seen as insufficient. Industry experts warn that without significant changes, more closures are likely, eroding the UK's industrial capabilities.
Comments