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.
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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.