INEOS commits £150 million to secure future of Grangemouth industrial site

INEOS has announced a £150 million (~USD $200.7 million) investment to secure the long-term future of its Grangemouth manufacturing site in Scotland, one of the UK’s most strategically important industrial hubs. The investment is supported by the UK Government through a £75 million loan guarantee and a £50 million grant.

The funding will be used to upgrade key production units, improve energy efficiency and reduce emissions, helping maintain the competitiveness of the Grangemouth complex while safeguarding more than 500 high-skilled jobs and hundreds more across the supply chain. Grangemouth produces critical materials used across sectors including packaging, healthcare, automotive manufacturing and construction.

INEOS Chairman Sir Jim Ratcliffe said the investment demonstrates the company’s long-term commitment to British manufacturing, while emphasizing the need for competitive energy costs and pragmatic decarbonization policies to prevent further industrial decline.

Government officials said the partnership reflects Grangemouth’s national strategic importance and aligns with broader efforts to support domestic manufacturing, energy security and industrial resilience. The investment forms part of INEOS’ wider strategy to modernize and lower emissions across its global asset base while maintaining industrial capacity in the UK.