Home / Knowledge / News / Textiles / INEOS begins consultation on future of its ageing ethylene plant
INEOS begins consultation on future of its ageing ethylene plant
04
Oct '08
INEOS has announced its vision for its Grangemouth site, which includes ongoing investment in plant and equipment combined with a full review of older, uneconomic plant. This strategy will enable Grangemouth to realise its full potential and keep it at the forefront of the petrochemical industry.

Tom Crotty, CEO Grangemouth says, “This strategy demonstrates our determination to modernise Grangemouth so that it can maintain its pivotal role in the Scottish economy and at the heart of the Scottish manufacturing industry.”

As part of this long-term strategy, the Company has confirmed investment to modernise its KG ethylene plant, which will enable production of ethylene and propylene from a much wider range of raw materials. The new investment will further enhance KG's status as a world-class cracker facility.

The Company will also start a formal consultation process on the future of its ageing G4 ethylene plant. One of the options under consideration will be possible closure of the plant at the second half of 2009. However, as part of this consultation we are hopeful we will be able to redeploy staff currently working on this plant were we to decide to close it.

The vision being announced includes reviewing all aspects of how Grangemouth operates and includes plans to ensure that Grangemouth staff have the right set of skills and competencies for the future.

INEOS continues to develop 'new talent' by recruiting highly qualified, motivated and skilled personnel to support its investment and modernisation plans. The site has recently welcomed 36 new apprentices and graduates onto its highly regarded modern apprenticeship scheme or into full-time roles.

Tom Crotty says, “Since acquiring Grangemouth, INEOS has invested £400 million in the refurbishment of existing plant and technology. This announcement brings a further substantial investment and we now have a major modernisation and investment programme, which demonstrates our long-term commitment to Grangemouth and our staff.”

INEOS


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search