An audacious bid backed by former Army chief Lord Dannatt to take over one of Britain’s final fertiliser crops has collapsed.
A gaggle of UK traders has pulled out of a bid to safe the Ince plant from US big CF Industries after a ultimate provide for the facility was rejected by the firm final week.
UK Nitrogen had hoped to tackle the plant amid trade fears that its closure may pose a risk to nationwide provides of fertiliser and carbon dioxide.
The Ince plant, as a result of shut subsequent month, is one of solely two fertiliser factories in Britain and is a key provider of carbon dioxide, a byproduct of fertiliser manufacturing, to trade. Carbon dioxide has a variety of makes use of together with surgical operations and meat processing.
The consortium was making an attempt to take over the plant earlier than the firm let go of expert employees in August.
CF Industries has maintained it has not obtained any presents that would maintain the Ince plant working over the long run.
The US firm shut the plant quickly in September final yr as a result of spiralling gasoline costs, and introduced the plant’s everlasting closure in June.
A quantity of foyer teams representing the agricultural trade have warned that Ince’s closure leaves Britain overly-reliant on CF Industries’ remaining fertiliser factory in Billingham, Teeside.
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