Grangemouth chemical plant ‘at a crossroads’

Concerns are going over the future of Ineos in Grangemouth
Concerns are going over the future of Ineos in Grangemouth

New doubts have arisen over the future of Ineos in Grangemouth.

The Falkirk Herald revealed yesterday that there were mounting concerns among workers at the site over a range of issues.

And, in an interview with a national newspaper today, the chairman Jim Ratcliffe has admitted the chemical plant is ‘‘at a crossroads’’’ and may even have to close.

Want to comment on this article? Click here to sign up.

He told the Financial Times: ‘‘To have a future, it needs cheap feedstocks and a sensible cost structure.

‘‘If we can’t resolve these issues, it would need to close down.’’

Mr Ratcliffe also claimed the local plant had not been a successful buy for Ineos and had lost the company a significant amount of money in recent years.

The Grangemouth refinery and petrochemical facility is the largest Ineos production centre. On the 1700-acre site, the petrochemicals facility manufactures over one million tonnes of chemical products a year and the refinery has an annual capacity of 10 million tonnes.