Ineos closes ethylene, butadiene plants in Grangemouth, Scotland

Ineos closes ethylene, butadiene plants in Grangemouth, Scotland

10:10 AM, 28th March 2014
Ineos closes ethylene, butadiene plants in Grangemouth, Scotland

GRANGEMOUTH, SCOTLAND: Ineos has closed its ethylene and butadiene plants at the Grangemouth refinery and petrochemical plant in Scotland a year earlier than originally planned, saying that the plants were no longer commercially viable. Ineos came to the brink of closing the refinery in a bitter industrial dispute last year, but agreed to keep the plant open after the workforce agreed to cuts to employment terms and conditions. “Both G4 and BE3 plants are no longer commercially viable. Both facilities date from the 1960s and their closure is another key part of our survival plan,” Ineos said in a statement.

 

© Reuters News

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