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Article archive for INEOS;

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UK parliamentary committee calls for fracking ban 26 January 2015

A committee of MPs in the UK’s parliament has called for a moratorium on fracking on the grounds that it could derail efforts to tackle climate change.The government's drive for shale gas should be put on hold because it would lead to more reliance on fossil fuels, the Environmental Audit Committee said....

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INEOS moves to become biggest player in UK shale gas industry 20 November 2014

On November 20, Swiss-based chemical giant INEOS announced it was planning to invest $1 billion (£640 million) in UK shale gas exploration and appraisal over a period of four to five years. INEOS chairman Jim Ratcliffe said substantial further investment would follow if the company subsequently moved into development and production. ...

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Ineos buys second Scotland shale gas licence 13 October 2014

Petrochemical firm Ineos has bought a second 400 sq km licence for shale gas exploration and development in central Scotland adjacent to the 329 sq km area around its Grangemouth plant it acquired in August. Ineos said it had bought an 80% stake in the licence, titled PEDL 162, from Reach Coal Seam Gas Ltd....

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Grangemouth employees sign up to new terms and conditions 20 December 2013

On December 20, INEOS Grangemouth (UK) announced that almost the entire workforce of 1350 employees had signed up to the company’s new pension plan as well as accepted its new terms and conditions. As part of the arrangements, the company is confirming that current salaries for the existing workforce will remain unchanged....

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Grangemouth petrochemicals plant reprieved after union climb-down 25 October 2013

On October 25 Ineos petrochemicals chairman Calum MacLean said that the company would keep the Grangemouth petrochemicals plant open after the Unite union confirmed it would now support the company’s survival plan for the site. Maclean said Ineos had invested £1bn in the business and would invest another £300m to secure its future for at least the next 15 years....

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Ineos announces Grangemouth to close 23 October 2013

About 800 direct employees plus subcontracted staff will lose their jobs as Ineos today announces the permanent closure of the petrochemical plant at Grangemouth, but the refinery next door will remain open. Liquidators are expected to be appointed in a weeks time....

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PetroChina and INEOS complete transaction to form trading and refining joint ventures related to the refining operations in Grangemouth (Scotland) and Lavéra (France) 12 July 2011

PetroChina Company Limited (PetroChina) and INEOS Group (INEOS) have completed the deal to form trading and refining Joint Ventures between PetroChina International (London) Company Limited, and INEOS Investments (Jersey) Limited on July 1st. The joint ventures include trading and refining activities at the Grangemouth refinery in Scotland and the Lavéra refinery in France....

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UK chlorine plant reduces fuel costs 09 April 2010

Emerson Process Management’s PlantWeb digital architecture is helping the Ineos Chlor plant at Runcorn in the UK reduce annual fuel costs by approximately £3 million. Using PlantWeb’s advanced control and predictive maintenance technologies, INEOS Chlor has been able to reduce venting of hydrogen gas....

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End user experiences with applying IEC 61511 to legacy plants 17 November 2009

Following his successful paper at the HazardEx 2009 event Jeff Wood, instrument engineer, from Ineos Chlor Vinyls will return to deliver an insight into end user experiences with applying IEC 61511 to legacy plants...

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Digital automation leading to business improvement 05 January 2009

Emerson Process Management has congratulated Otto Schnurr, Operations Director for Ineos ChlorVinyls at Runcorn, UK, for innovative employee-led business improvement using digital automation. Ineos ChlorVinyls employees have achieved a broad range of improvements to their liquid chlorine manufacturing processes and operations at the site by implementing PlantWeb digital plant architecture with Foundation fieldbus communications technology. ...