INEOS to invest £60mn on expanding Grangemouth production

INEOS has unveiled plans to invest £60mn to expand its Grangemouth site in the UK. It has awarded a contract to Selas-Linde of Germany to build a tenth furnace at the KG ethylene plant, improving efficiency and increasing the facility’s production capacity.

According to John McNally, CEO of INEOS O&P UK, importing US shale gas had ‘breathed new life into the plant’.

Subject to planning approval, preparatory project work will begin later in 2018, with the main construction work starting in 2019 and commissioning towards the end of 2020.