- The Forth Green Freeport aims to create 50,000 new green jobs and unlock £6 billion in investment.
- The project will cover 550 hectares of development land.
- INEOS is investing in a new energy plant and hydrogen hub at Grangemouth.
- The initiative supports Scotland's net zero targets and economic development.
Forth Green Freeport Initiative
The Forth Green Freeport aims to sustain a prosperous industrial and manufacturing sector, provide high-quality employment, and deliver economic benefits to Scotland. The initiative is a collaborative effort between key public and private sector organizations, including INEOS at Grangemouth, to achieve a just and fair transition to net zero.
Economic and Environmental Goals
The Freeport is expected to play a significant role in meeting the Scottish and UK Governments’ net zero targets. It will bring together key partners to facilitate and accelerate investment in the region, addressing the challenges of transitioning to net zero. The project aims to create 50,000 new green jobs, support skills development for young people, and generate local employment in communities of high deprivation.
Investment and Development
INEOS is contributing to the Freeport's goals through its 'Road Map to net zero,' which includes constructing a new energy plant and investing in hydrogen production. A new hydrogen hub will be established in the region, focusing on improved manufacturing operations and research and development. The Freeport will cover 550 hectares of development land, providing a favorable investment environment to attract third-party businesses.
Economic Impact
The Forth Green Freeport is expected to unlock £6 billion of private and public investment into productive and resilient industries, generating a £4 billion boost in Gross Value Add (GVA). The initiative is built on collaboration among committed partners who share the vision for a green growth corridor in the Forth Estuary, adhering to Fair Work principles and paying the Real Living Wage.
