2 min read - 18 Dec, 2025
INEOS announces £150m investment at Grangemouth site
INEOS has announced a £150m investment to underpin the long-term future of its Grangemouth site in Scotland, protecting more than 500 high-value jobs and hundreds more in the supply chain.
Supported by UK government, and facilitated by NatWest Group, the investment includes a £75m government loan guarantee and a £50m grant, with INEOS contributing £25m.
The funding will upgrade key production units, improve energy efficiency, reduce emissions, and enhance the site’s long-term competitiveness. INEOS has spent over £100m over the last year maintaining operations at the site.
The Grangemouth site is the UK’s last ethylene plant, producing the key ingredient which is essential for medical-grade plastics and use in the chemical supply chain. These plastics are also vital to key industries, including advanced manufacturing, automotive, and aerospace.
The UK government is providing a £125m support package as part of a £150m joint investment with INEOS, protecting vital chemical production in Grangemouth / Picture: INEOS
INEOS chief executive, Sir Jim Ratcliffe, said: “The £150m investment in the future of a major UK industrial site demonstrates INEOS’ commitment to British manufacturing. The support of the UK government is welcome. However, we need to continue to work together to deliver competitive and efficient low-carbon manufacturing for the UK, long term.
“The answer is not decarbonisation by deindustrialisation. Without a strong manufacturing base, the economy will continue to decline. High energy costs and punitive carbon charges are driving industry out of the UK at an alarming rate. If politicians want jobs, investment and energy security, then they must create a competitive environment.”
Peter Kyle, business secretary, added: “The UK government’s decision to step in will protect Grangemouth as a site of strategic national importance and secure 500 vital jobs in the area. By partnering with INEOS, we are backing the plant and its long-term future, giving certainty to workers and the supply chain for the next five years. This approach is part of our Modern Industrial Strategy through which we are working to reduce the cost of energy for industry and support manufacturing in the UK.”
