INEOS Invests €250m in Lavera with French Government Support
- INEOS announces a €250m investment to modernize its Lavera cracker.
- The project is the first phase of a long-term plan to enhance site efficiency and sustainability.
- The Lavera site employs 2,000 directly and over 10,000 through its supply chain.
- Future phases will require further support from the French State for CO₂ reductions.
Investment Overview
INEOS has announced a €250 million investment to modernize its cracker at Lavera, France. This initiative aims to regenerate one of France's key industrial sites, ensuring its long-term competitiveness and sustainability.
Project Goals
The investment focuses on improving reliability, boosting efficiency, and reducing emissions. It represents the first phase of a broader regeneration plan, supported by the French Government, to strengthen Lavera's industrial capabilities.
Economic Impact
The Lavera site directly employs around 2,000 people and supports over 10,000 jobs through its supply chain. It produces essential raw materials for various sectors, including healthcare, aerospace, and clean energy.
Challenges and Future Plans
INEOS highlights the challenges posed by high energy prices and carbon costs in Europe, which threaten the region's industrial base. Future phases of the Lavera project will focus on further efficiency improvements and significant CO₂ reductions, contingent on additional support from the French State.
Source: INEOS