Petroineos Trading Limited is the trading arm of Petroineos, a refining and energy trading joint venture between INEOS and PetroChina established in 2011. Headquartered in the United Kingdom, the company trades crude oil and refined petroleum products, supporting supply chains across Europe and global markets.
Through affiliated operating entities, Petroineos has interests in major refining assets at Grangemouth (Scotland) and Lavéra (France). These sites produce transportation fuels such as gasoline, diesel and jet fuel, as well as liquefied petroleum gas (LPG) and petrochemical feedstocks including naphtha and propylene.
Petroineos plays a linking role between upstream crude supply, refining operations and downstream petrochemical production, notably providing feedstocks to INEOS petrochemical facilities. Its activities span physical trading, logistics and risk management, using terminals, pipelines and storage to serve industrial customers and fuel markets.
chemXplore tracks 1 project involving Petroineos.
Petroineos's role on them: Owner.
Nine pathways to renewables are proposed, aiming to create 800 jobs. Private investment is crucial, with SAF as a key focus. Challenges include high costs and new supply chain needs.
Unite proposes converting the refinery to a bio-fuels hub, preserving jobs and aligning with government policies, while urging government intervention against closure.
Closure impacts 400 jobs; £100M pledged for green projects. Focus on reskilling, clean fuels, and hydrogen. Other site operations remain.
The trial at Grangemouth aims to convert hard-to-recycle plastic into food-grade material, enhancing circularity and reducing landfill. The project uses advanced recycling to create sustainable packaging.
The project aims to capture and store up to one million tonnes of CO2 annually by 2027, supporting Scotland's climate targets and utilizing the Acorn Project infrastructure for carbon reduction.
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