Grangemouth firm now full of eastern promise

A petrochemical giant has struck a deal to safeguard the 2000 jobs at its Grangemouth plant.

Ineos bosses says the partnership with PetroChina brings massive benefit for both firms.

Site manager Gordon Grant, speaking at a meeting of Ineos Community Liaison Group on Monday night – just hours after the historic

announcement – put things as plainly as possible.

He said: "PetroChina is a company which has access to cash. This gives Ineos access to capital in a world where it is very difficult to

go out there and knock on the door of the banks.

"We see it as away to grow our business. they, in turn, get a foothold in Europe."

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