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British plant to close 'due to UK-US trade agreement'
Despite "extensive" negotiations with the government, the UK's largest bioethanol plant is to close due to the UK-US trade agreement, according to the firm that owns it.
Consultations have begun with the more than 160 employees at Vivergo's Hull site, with all manufacturing to cease before 13 September if no funding is agreed with government, the business said. Money blog: Top chef on overrated trend he doesn't get The wind-down of the factory is attributed to the recent agreement between the US and UK, which allowed for tariff-free US ethanol to enter the UK.
The agreement "undermined" the commercial viability of Vivergo, Primark's parent company Associated British Foods (ABF) said regarding its bioethanol business. "The situation has been made significantly worse by the UK's trade deal with the US.
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