Grangemouth closure announced
Ineos has announced plans to permanently shut its Grangemouth petrochemical plant – a joint venture with PetroChina.
Westminster and Holyrood scrambled to try to save what is Scotland’s most important industrial complex. Both are seeking potential buyers for the plant. Ineos believes a rescue is unlikely because any new owner would have to plough hundreds of millions of pounds into the facility.
24/10/13 Financial Times 1, 3, 12, 18Times 4, 44, 46Daily Telegraph B1, B2, B5
Ineos has announced plans to permanently shut its Grangemouth petrochemical plant – a joint venture with PetroChina.
Westminster and Holyrood scrambled to try to save what is Scotland’s most important industrial complex. Both are seeking potential buyers for the plant. Ineos believes a rescue is unlikely because any new owner would have to plough hundreds of millions of pounds into the facility.
24/10/13 Financial Times 1, 3, 12, 18Times 4, 44, 46Daily Telegraph B1, B2, B5
