GRANGEMOUTH ETHANOL PLANT CLOSURE

In January 2025 The chairman of Ineos Sir Jim Ratcliffe said the UK’s chemicals industry faces “extinction”, following the company’s closure of its ethanol plant in Grangemouth.

Ratcliffe blamed the Scottish plant’s closure on what he called the UK’s “lack of energy strategy” as well as high energy prices. He added that the UK’s emissions trading scheme has effectively served as a tax on UK producers, favouring imported products from countries without such a scheme.