INEOS O&P UK are announcing a proposal to close the Ethanol Plant at Grangemouth in Q1 2025. The company will start consultations in Grangemouth with its employees and the Trade Union about this proposal.
The decision comes after a lengthy review and is the result of a reduction in demand for ethanol in Europe combined with increasing pressure from imports of ethanol from other regions. This has resulted in the ethanol business at Grangemouth running at a loss for several years.
INEOS O&P UK plans to close Grangemouth’s Ethanol Plant in Q1 2025 due to reduced demand.
CEO Stuart Collings announces consultations with employees and unions, offering redeployment options.
The decision follows a loss-making trend in the ethanol business over several years.
Alternative ethanol supply will be offered from INEOS’ plant in Germany.
INEOS O&P UK CEO, Stuart Collings said, “It is never easy to close any plant and we are making this proposal only after a very thorough analysis. Beginning consultation now with our colleagues, means that we can begin to plan for redeployment and phase the programme for closure in a structured manner. All ethanol-based employees will be offered an alternative role within our business. Moreover, customers will be offered the supply of ethanol from INEOS’ other plant in Herne, Germany.”
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Fibre2Fashion News Desk (HU)
