Grangemouth Seen as Biofuel Investment

Glasgow, Scotland [The Herald] The new owners of the Grangemouth oil refinery have said they intend to make a significant strategic investment in the UK biofuels sector, “potentially” in Scotland. Ineos, the chemicals company which bought BP’s petrochemicals business for GBP5.1 bn last October, said … a new biodiesel plant could supply its refinery on the site, and the investment could also include a bioethanol facility. Ineos is the world’s largest producer of synthetic ethanol. It said both investments would provide a strong platform to grow its biofuels business in light of the significant increase in demand for biofuels predicted as a result of the renewable transport fuel obligation.


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