February 27, 2019

INEOS is to invest £1 billion in multiple projects across the UK, designed to ensure its British assets stay world class for a generation.

The company will commit £500 million to overhaul the Forties Pipeline System (FPS), prolonging the life of the North Sea’s main oil and gas artery into the 2040s. This will include modernising environmental systems and implementing new technology.

£350 million will be used to build a new steam and power plant at the Grangemouth site, delivering significantly improved energy efficiency and long-term reliability. Finally, INEOS will invest £150 million in a 300,000 tonne-per-year vinyl acetate monomer (VAM) plant in Hull, bringing production of an important raw material back to the UK. Read more…