Sabic confirms closure of plant with jobs to go

Photo: Freepik Hundreds of workers could lose their jobs after the manufacturing and chemicals giant Sabic announced the closure of its site in north-east England. The Saudi Arabian firm, one of the world’s largest petrochemical manufacturers, will shut its Olefins 6 cracker plant in Wilton, Teesside, after 46 years of it operating. The exact number…

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Russia wants a lucrative share of the world’s lithium market, but it’s hitting roadblocks

Lithium ore falls from a chute at a facility in Australia in this file image. Carla Gottgens/Getty Images/Bloomberg Creative Photos© Carla Gottgens/Getty Images/Bloomberg Creative Photos Russia wants to become a top lithium producer but faces a challenging environment. Its largest lithium mining project was sanctioned by the US in January. China, a partner in Polar Lithium,…

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Report: Big businesses are doing carbon dioxide removal all wrong

Photo: Freepik Achieving net-zero greenhouse gas emissions by 2050 will require removing carbon dioxide from the atmosphere, according to the Intergovernmental Panel on Climate Change, the world’s foremost authority on the topic. But only some types of carbon removal are actually effective — and these are largely not the kind that major companies are investing in. A…

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Regulator review recommends 2.8% gas price drop

Regulator review recommends 2.8% gas price drop

Gas prices are set to be cut by 2.8% on the Isle of Man following a review of tariffs by the sector’s regulator. The Communications and Utilities Regulatory Authority (CURA) made the recommendation as part of its twice-yearly review. The evaluation found that demand for the year so far had been higher than anticipated and…

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