Thursday, 24 October 2013


This article looks at the man behind Ineos, the firm that owns the Grangemouth refinery in Scotland. The refinery is in trouble due to strike threats as a result of proposals to reduce pay. All this is not helped by the increase in energy costs and the fact that the plant is losing about £10 million a month. There is over-capacity in European refinery capacity and the feedstock is much more expensive than that in the USA. Altogether this is not a good scenario and highlights the problems facing much of our chemical industry.

For more on this see here.

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