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Chemical plant at risk as energy prices soar

The Journal

|

March 19, 2026

THE American owner of a Teesside chemical plant is reportedly considering its closure amid soaring energy costs.

Approximately 100 people work at Huntsman’s Wilton International site, producing the polymer used in everything from coatings to adhesives.

The company is led by chairman and chief executive officer Peter Huntsman, who assumed control of the family firm in 2000, having driven forward the acquisition of ICI's industrial chemicals business the year before.

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