Jim Ratcliffe asks for tariffs on China to stop the 'idiotic deindustrialization' of Europe

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Sir Jim Ratcliffe has asked the tariffs to be placed in China when he attacked the “idiots” attempts of the continent to decarbonize through deindustrialization.

In an open letter to European politicians, the billionaire owner of INEOS said that unless measures be taken throughout the industry throughout the continent, it would be eliminated, highlighting the United States approach to place tariffs in cheaper imports to treat to guarantee benefits for national producers.

The European Union will soon announce a new “Clean Industry Agreement”, reports the Telegraphto help companies intensive energy to adapt to climatic needs and green power.

“Decarbonizing Europe for deindustrialization is idiot. We lose jobs and security and CO₂ simply floats in Europe anyway, ”Ratcliffe wrote.

“Government policies have resulted in enormously high prices of energy and paralyzing carbon taxes. The industry is in crisis with such great disadvantages. Instead of investing in growth for the future, he is fighting for survival. Government policies will close all petrochemicals in Europe. All our main competitors are planning the withdrawal from Europe, since the government has not acted again and again.

“The consequence of this policy is that Europe will import all its raw materials in the United States and China, who will benefit greatly.”

Ratcliffe said that his plant in Koln, Germany, paid £ 116 million more than an equivalent company based in the US.

“The solution is to prohibit carbon tax, provide competitive energy for industry and encourage clean growth and technology,” he continued.

“We also need rates barriers while these changes are implemented or nothing will be left. This is the American approach, where they value the industry and its use of high value and are leaving Europe behind their dust. ”

The association of chemical industries recently told the politicians of the United Kingdom that plant closures and job loss were “inevitable” without action. Industry experts have warned about cheap chemicals that are exported from China despite the lower global demand.

Last week, the Guardian Ineos's debt was expected to grow at 12 million euros (£ 10 billion) this year, with two credit agencies that mark problems with the latest to pay debts, partly as a result of the fact that the energy invoices are in increase.

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