- INEOS invests £150m in Grangemouth, supported by a £75m UK Government loan guarantee and £50m grant.
- The investment will upgrade production units, improve energy efficiency, and reduce emissions.
- Grangemouth's investment secures over 500 jobs and supports the UK's manufacturing and energy sectors.
Investment Details
INEOS is investing £150 million in its Grangemouth site, supported by a £75 million UK Government loan guarantee and a £50 million grant. This investment aims to upgrade key production units, improve energy efficiency, and reduce emissions, enhancing the site's competitiveness.
Strategic Importance
Grangemouth is a critical hub for the UK's manufacturing and energy sectors, supplying essential raw materials for various industries, including food packaging, housing insulation, automotive parts, and hospital equipment. The investment secures more than 500 high-value jobs and supports hundreds more in the supply chain.
Government Support
The UK Government's involvement underscores the strategic importance of domestic manufacturing. The partnership with INEOS is part of a broader strategy to reduce energy costs for industry and support UK manufacturing, ensuring long-term economic and environmental benefits.
Industry Context
Over the past 25 years, two-thirds of British manufacturing has disappeared, while the population has increased by over 10 million. The demand for foundational materials remains high, and without domestic capacity, these will need to be imported at higher costs. The Grangemouth investment is part of INEOS' broader strategy to invest in modern, efficient, lower-emission industrial facilities across its portfolio, reinforcing its commitment to operating world-class assets in the UK.
