On 9^th May  2025 the Daily Telegraph reported as follows:

“One of Britain’s biggest chemical plants is at risk of closure after the site’s Saudi owners paused a multimillion-pound upgrade project.

The Olefins 6 “cracker” facility in Teesside, controlled by Sabic, employs hundreds of workers and had been undergoing a major conversion to run on gas feedstock.

But Sabic paused that work months ago and is now understood to be on the verge of announcing the plant’s closure amid spiralling costs and concerns about high energy prices.

..

Earlier this year, chemical company bosses warned Jonathan Reynolds, the Business Secretary, to expect mounting closures as the industry reached “breaking point”.

Sir Jim Ratcliffe, one of Britain’s richest men, has also warned the UK’s multibillion-pound chemicals industry faces “extinction” because of soaring energy costs and the shift to net zero.

Sources close to Sabic suggested the plant’s closure was partly due to Britain’s high energy prices as well as the perceived lack of interest shown by the Government in the crisis-hit sector.

To read more go to:
https://www.telegraph.co.uk/business/2025/05/09/one-britains-biggest-chemicals-plants-faces-closure/