THE owner of one of Britain’s last remaining chemical industrial sites has threatened to close it due to surging energy prices, blaming the US war in Iran for putting “another nail in the coffin” of heavy industry in Europe.

The factory in Wilton, Teesside, will be closed if energy prices stay the same for the next three months, its US owner, Peter Huntsman, the chief executive the Huntsman Corporations, said today.

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