Who owns grangemouth refinery

This provided the advantages previously only experienced in areas such as the Middle East. In BP decided to divest its worldwide olefins and derivatives business: this included the refinery and chemical plants at Grangemouth. In March , the new company created to run this business was named Innovene.

This new company, Petroineos, owns and operates the refinery at Grangemouth. We have the capacity to produce around 9 million litres of fuels per day and 1 million tonnes of petrochemicals per annum. Our petrochemicals are used as intermediates in the manufacture of other chemicals and applications that a modern society demands and has become reliant upon. These applications range from pharmaceuticals to non-drip paints, medical appliances to the lightweight plastics used in the automotive industry.

The Grangemouth site is undergoing a radical transformation with significant investment that will herald a new era in petrochemical manufacture Interested in joining a winning team? A team whose employees share in the ownership of the business and are empowered to make a difference? We use cookies to make sure you get the most from our website.

Need to know more? About Our world-scale petrochemical plants make around 1 million tonnes per annum of product, used as the building blocks in the manufacture of household items that society depends upon every day. Bringing science to life Play Video.

The beginning The History of Grangemouth starts in the mid 19th Century, when in , Glasgow scientist Dr James "Paraffin" Young took out a patent for 'treating bituminous coals to obtain paraffine therefrom'.

Grangemouth today employs over people working on the hectare site. Our main products The petrochemicals produced at Grangemouth keep people in touch, mobile, housed and healthy. For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news. Digital Be informed with the essential news and opinion. Delivery to your home or office Monday to Saturday FT Weekend paper — a stimulating blend of news and lifestyle features ePaper access — the digital replica of the printed newspaper.

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