Ineos Fights Cheap Chinese Imports, Warns of Industry Collapse
Update: 2025-11-11
Description
Ineos, led by billionaire Sir Jim Ratcliffe, intensifies its battle against cheap chemical imports from China, launching ten anti-dumping cases with the European Commission. The company argues that Chinese manufacturers have unfair advantages due to lower energy costs and less stringent carbon regulations. Ineos also seeks protective measures against imports from the US, Middle East, and Asia. Tom Crotty, an Ineos group director, warns of potential factory closures and job losses due to increased Chinese imports. The companys German-based BDO production, used in vital medicines, is at risk unless Brussels blocks Chinese imports from Xinjiang Province. Ineos urges Brussels to act by the end of the year, but the European Commissions review process can take up to fifteen months.
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