Grangemouth will switch to shale gas feed by 2016, says Ineos


Chemicals manufacturer Ineos is advancing its £300 million investment plan to revive profitability at its plant in Grangemouth, UK. The firm is closing an outdated 1960s steam cracker and its associated butadiene plant with immediate effect, and has agreed with contractors to build Europe's largest ethane storage tank as part a new shipping terminal to allow the site to accept US shale gas feedstocks.

All staff affected by the closures will be redeployed elsewhere on the Grangemouth site, the company said in a statement

The ‘survival plan’ plan follows the company’s tussle with trade union Unite last year, which saw the petrochemicals plant briefly shut down completely. It hinges on converting the site to process shale gas, which the company says should be completed by 2016.


Related Content

Ineos raises axe over Grangemouth petrochemicals

14 October 2013 Business

news image

Facility set to close without pension reforms and government help to fund ethane shipping terminal

Ineos bets big on shale

27 October 2014 Business

news image

UK profit-sharing plan and transatlantic ethane shipping contracts show company’s commitment to a fracking future

Most Commented

WHO clarifies glyphosate risks

23 May 2016 Business

news image

UN and WHO panel conclude the herbicide glyphosate is ‘unlikely’ to cause cancer at realistic exposure levels

Crawling chemical system acts as if it’s alive

24 May 2016 Research

news image

Intriguing globule that moves, eats and defecates