IHS Chemical Week

Ineos announces 'survival plan' for Grangemouth site

11:06 AM MDT | October 2, 2013

Ineos has announced what it calls a "survival plan" for the company's Grangemouth, Scotland, refinery and petrochemical complex, involving job cuts and changes to employees' pay and pension schemes, as well as a £300–350-million ($486–567 million) investment to construct an ethane feedstock import terminal and associated infrastructure. Ineos issued a statement last month saying that it wishes to invest, "to deliver a secure future" for the Grangemouth site, but that this is "entirely dependent on resolving the competitiveness of the site" through...

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