ERROR 1
ERROR 1
ERROR 2
ERROR 2
ERROR 2
ERROR 2
ERROR 2
Password and Confirm password must match.
If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)
ERROR 2
ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.
Ineos has lowered the book value of its petrochemical complex in Grangemouth, Scotland, from $640 million to nothing. The company says the chemical business at the site has lost $240 million over the past four years. Faced with dwindling supplies of natural gas from the North Sea, the site is running at 50% of capacity, Ineos claims. The company says it may have to close the complex when its gas contracts with BP expire in 2017. Ineos is looking for government grants and loan guarantees so it can build facilities allowing it to import gas from the U.S. instead.
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on X