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Regions :: Western Europe :: U.K.

Ineos Grangemouth petchems complex to close, liquidators appointed within a week

3:56 AM MDT | October 23, 2013 | Natasha Alperowicz

Ineos announced today that it will close the Grangemouth, UK, petrochemical complex and that the PetrolIneos joint venture would decide on the future of the adjacent refinery. The development follows the breakdown of talks at the Advisory, Arbitration and Conciliation Service last week and the Unite trade union’s refusal to provide a no-strike guarantee before the company restarts the complex, which has been offstream since last week. Ineos has also approached its employees directly, asking them to support the changes Ineos considers necessary to save the...

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