Prime Highlights:

• INEOS is investing £150 million to modernize its Grangemouth site, improving production, energy efficiency, and reducing emissions.
• The investment secures over 500 skilled jobs and reinforces the site’s role as a key hub for UK manufacturing and energy sectors.

Key Facts:

• Grangemouth supplies essential materials used in industries such as food packaging, housing insulation, automotive parts, hospital equipment, medicines, and sustainable technologies.
• The investment is supported by the UK Government and facilitated by NatWest Group, highlighting a strong partnership between business and government.

Background:

INEOS is putting £150 million into its Grangemouth site in Scotland to secure its future as an important UK industrial hub. Supported by the UK Government and NatWest Group, the investment will improve production, save energy, reduce emissions, and make the site stronger.

Grangemouth is an important centre for the UK’s manufacturing and energy sectors. The site supplies important materials for industries like food packaging, housing insulation, car parts, hospital equipment, medicines, and green technologies. It employs over 500 skilled workers, whose jobs are secured by this investment.

Prime Minister Keir Starmer praised the news, saying the government is committed to supporting British industry and keeping jobs safe. “Through partnership, determination, and our Modern Industrial Strategy, we’re delivering new opportunities, fresh investment, and security for the next generation of workers in Scotland,” he said. “This is about good jobs, stronger communities, and a modern economy that works for everyone.”

Business Secretary Peter Kyle underlined the strategic importance of maintaining domestic manufacturing. “Two-thirds of British manufacturing has disappeared in the last 25 years, while demand for foundational materials continues to grow,” he noted. “Without domestic capacity, critical materials would need to be imported, increasing costs and providing no economic or environmental benefit.”

The investment at Grangemouth is part of INEOS’s broader strategy to modernize its industrial facilities across the UK, focusing on efficiency and lower emissions. The company confirmed its long-term commitment to running top-quality facilities in the UK, making sure Grangemouth continues to be an important part of British industry.

Experts say this investment safeguards local jobs and boosts the UK’s place in global manufacturing. The Grangemouth upgrade helps keep the UK industry strong and stable amid rising energy costs and demand for sustainable production.