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Business
Ineos Will Shutter Plants In Grangemouth
by Alexander H. Tullo
April 7, 2014
| A version of this story appeared in
Volume 92, Issue 14
Ineos is shutting one of its ethylene crackers and a butadiene plant at its Grangemouth, Scotland, complex. The company says the plants, which were built in the 1960s, are no longer commercially viable. The company has also identified the likely builder of an ethane tank planned for Grangemouth. The shutdowns and tank construction are part of a $500 million revitalization program to boost the competitiveness of the site by enabling it to import ethane from the gas-rich U.S.
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