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Teesside Plant Closure Looms Amid Energy Crisis

3/16/2026

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Story summary
  • Peter Huntsman, CEO of Huntsman Corporation, warned the Teesside aniline plant could close within three months due to energy costs tied to the Iran conflict.
  • He described UK energy policies as "self-inflicted," citing better opportunities in China and the United States.
  • The broader UK chemicals sector has fallen 60% since 2021, with Huntsman Corporation cutting 500 jobs globally last year.