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Ineos chairman warns that Europe's chemical industry could disappear within a decade
12:10 PM MST | March 7, 2014 | Natasha Alperowicz
Jim Ratcliffe, chairman of Ineos, says that much of the European chemical industry could close within the next decade. In today's open letter to José Manuel Barroso, president of the European Commission, Ratcliffe says he is deeply concerned about the future of the European chemical industry and its 1 million direct and 5 million indirect jobs. "Sadly, I predict that much of it will face closure within the next 10 years," Ratcliffe says. Chemicals could go the same way as the European textile industry, which disappeared in the 1980s...
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