Ineos-Owned Grangemouth Oil Refinery Should Be Refused £500m Bailout, Say Green Groups

Source: Desmog UK


Read time: 3 mins

The petrochemical company that runs Scotland’s Grangemouth oil refinery should not be given state support to help it weather the coronavirus pandemic, according to a coalition of environmental organisations.

Petroineos, a joint venture between the multinational chemicals giant Ineos and the Chinese state-owned oil and gas company PetroChina, is seeking an emergency government loan worth up to £500 million, as the petrochemicals complex struggles with a collapse in fuel demand.