Fears have been voiced over the future of Ineos as it reached the latest milestone in its £300 million survival plan.
The petrochemical giant confirmed gas engineering firm TGE was the preferred bidder for the ethane tank build contract at its Grangemouth site.
Vital to the company’s plans, the ethane tank will store the relatively cheap shale gas Ineos plans to import from the USA as a replacement for fast running out North Sea feedstocks.
However, the firm’s move to immediately get rid of its old ethylene cracker (G4) and associated Butadiene (BE3) plant has started alarm bells ringing in some quarters.
East Falkirk MP Michael Connarty said: “There will obviously be losses of employment opportunities. Ineos will not confirm if there is there any truth in the stories I am told that so many people have left the company that questions are being asked about the safe level of staffing on the plants across the site.”
Ineos has stated there will be no job losses and staff currently working on the G4 and BE3 plants will be relocated.