Ratcliffe’s Ineos Gets UK Cash to Save Last Ethylene Plant

Chemicals giant Ineos has received support from the UK government to secure the future of the Grangemouth plant outside Edinburgh.

Loan guarantees and a grant from the government will ensure that Grangemouth will remain in operation for five years, Ineos Group Director Tom Crotty told the BBC on Wednesday. The company has previously said the chemicals plant is at risk of shutting, meeting the same fate as the oil refinery on the site which closed earlier this year. Ineos bonds rose.