Blackout Britain — why our energy crisis is only just beginning

BASF, the world’s largest chemical company, has been headquartered in Germany since before the country formally existed. Founded in 1865 by the industrial pioneer Friedrich Engelhorn, it still occupies the vast site on the banks of the Rhine at Ludwigshafen where its first dye and soda factories were built. A third of its staff are employed in Rhineland Palatinate. It is a global company, yet as German as Goethe and gummi bears.

A few days ago Kurt Bock, the firm’s chief executive, warned that its Ludwigshafen plant may soon be forced to close, with BASF’s German jobs relocated elsewhere. The reason, he said, was Germany’s soaring energy costs and the crippling green levies being used to pay for ‘renewables’ such as wind farms. With German energy prices already twice as high as in the United States and likely to rise much further, the time had come to reconsider ‘the competitiveness of the location’.