ExxonMobil Closes UK Plant Due to High Energy Costs
Update: 2025-11-18
Description
ExxonMobil, a major American oil giant, is shutting down a significant chemical plant in the UK due to unfavorable policies and high energy costs. The plant in Mossmorran, Scotland, has been a key player in UK chemical production for four decades. The closure, following a similar move in France, is a result of global challenges and the companys struggle to operate profitably in the current policy environment. The UK government attempted to support the site, but Exxons global issues led to this commercial decision. The closure is expected to have a significant impact on the Scottish economy and raises concerns about the future of British industry under current trends.
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