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Today at lunchtime, yet another nail was knocked into the coffin of Britain’s industrial and chemical industries. Peter Huntsman, president of Huntsman Corporation, which bought the industrial chemicals business from ICI, announced that it would close its UK operation if the Government did not address the incredibly devastating cost of energy. It was facing energy prices six to seven times higher in the UK than in the rest of the world. He added that prices went up as they became more reliant on intermittent energy prices. In the states, the cost of gas is $2.50 to $3 an MMBtu. In the UK, it has moved from $3 to $9 to $17 to $18 today per MMBtu. That is the definition of “incredible”.