UK carbon dioxide maker CF Industries shuts plant just months after receiving a taxpayer bailout
A fertiliser giant that produces the bulk of Britain’s carbon dioxide supplies is to shut a plant just months after receiving a taxpayer bailout.
CF Industries will close its site at Ince, Chester, putting nearly 300 jobs at risk.
It has been shut since ministers intervened to prevent a supply crisis last year, by handing CF Industries a subsidy worth tens of millions of pounds.
Shutdown: CF Industries will close its site at Ince, Chester (pictured), putting over 300 jobs at risk. It has been shut since ministers intervened to prevent a supply crisis last year
The bailout enabled its Billingham plant to reopen in Teesside, which will now supply all its UK fertiliser output.
CF produces 60 per cent of Britain’s CO2 as a by-product of fertiliser production, with the gas used to make fizzy drinks and in packing fresh food.
Bosses are in talks with workers and the trade unions over redundancy. A Business Department spokesman said: ‘The closure is a commercial decision for CF Fertiliser and it will not impact supplies of CO2.
‘The Government gave only limited financial support, for three weeks last year, to restart the Billingham plant.
‘Without intervention, the CO2 shortage could have severely impacted the food processing sector, the NHS and nuclear power generation.’