Ineos slashes production in Germany due to crippling energy and emission costs. Rheinberg plants added to closure list for defense, auto, renewable, and pharma components. Two Rheinberg factories shut, killing 175 jobs. Europe lacks US-style tariffs blocking cheap Asian imports. US and China competitors thrive on cheap energy. European policy prices out local chemical producers. Ineos Inovyn head calls it industrial suicide. Dow halted production in Netherlands this year. Exxon closed chemical plants in France last year. TotalEnergies shutting oil processing in Antwerp. Multiple giants fleeing Europe's chemical sector.