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PetroChina Discusses Possible Investment in Ineos U.K. Petchem Complex; Ineos to Present New Business Plan Today

5:39 AM MDT | June 19, 2009 | Natasha Alperowicz

PetroChina is among several companies talking to Ineos about a possible investment in Ineos’s Grangemouth, U.K. refinery and petrochemical complex, according to a Reuters report today. Local politician Angus Macdonald, quoted in the report, says that an Ineos manager confirmed at a meeting with the local community this week that PetroChina is one of the companies negotiating to invest in the Grangemouth complex. Ineos was not available for comment.   Ineos has been struggling under the burden of its €7.5-billion ($10.4 billion) debts since the...

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