Ineos: 150 million pound investment in Grangemouth site, supported by the UK Government, to secure the future of British industry

Ineos has announced an investment of 150 million pounds for its Grangemouth site in Scotland. The project is supported by the British government, including a 75 million pound state loan guarantee and a 50 million pound grant; the financing is being managed by the NatWest Group. The goal of these measures is to secure the long-term operation of one of the United Kingdom's most significant industrial and energy sites.

The funds are intended to flow into the modernization of central production facilities. Technical upgrades, improvements in energy efficiency, emission reductions, and measures to strengthen the site's competitiveness are planned. Grangemouth is considered a strategic supplier of basic chemical raw materials for numerous industrial sectors in the United Kingdom.

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The investment is intended to secure more than 500 highly qualified jobs directly at the site; furthermore, the decision affects additional jobs in upstream and downstream supply chains. The products manufactured in Grangemouth find application in food packaging, the construction and insulation industry, automotive production, the healthcare sector, and various basic industrial technologies.

The British government views Grangemouth as a site of national strategic importance. According to statements from the Prime Minister and the Business Secretary, the support fits into the country's overall industrial strategy, which aims to preserve industrial value creation, create investment security, and reduce energy costs for industry. The state commitments are intended to provide the site and its employees with planning security for several years.

Ineos places the investment in a broader context: over the past 25 years, a significant portion of the British manufacturing industry has been lost, while demand for basic industrial materials continues to rise. Without domestic production capacities, these materials would have to be imported, often at higher costs and without corresponding domestic economic effects.

The investment program in Grangemouth is part of a group-wide strategy by Ineos to modernize existing industrial plants and make them step-by-step more efficient and lower in emissions. With this, the company underlines its long-term presence and industrial focus in the United Kingdom.

More information: www.ineos.com

Ineos, Grangemouth, UK

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