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

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do 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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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