INEOS to build £20m new HQ as part of £450m investment in Grangemouth

INEOS Grangemouth new head office CGI
INEOS Grangemouth new head office CGI

INEOS UK is to build a new, state of the art headquarters building at its Grangemouth site. The new £20 million building is just one element of the company’s long term £450 million investment into the site.

The new office is part of INEOS plan for the chemicals site which it plans to turn into a manufacturing hub for the whole of the Central Belt of Scotland.

Today John McNally, Chief Executive of Grangemouth-based INEOS Olefins & Polymers UK, said: “The site is undergoing a radical transformation with significant investment that will herald a new era in petrochemical manufacturing at Grangemouth.

“This is another part of our £450 million survival plan being implemented. It shows our ongoing commitment to creating a world class manufacturing site at Grangemouth.”

INEOS also plans to build a new state of the art business HQ in Grangemouth as part of an ongoing investment in its 1,700 acre estate. Along with the new building, INEOS has started clearing the site of old unused buildings and decommissioned plants. The new space will allow the business to attract other businesses to the site, as it creates a world class manufacturing hub in the Central Belt of Scotland.

The new £20m building has been designed by one of Scotland’s leading architectural practices, Michael Laird Architects, and will provide high quality office space over four floors.

For the first time in many years, the business at Grangemouth will be able to bring its employees together in a way that suits the new business operation. It will improve productivity and collaboration with a single office that is built for today’s business needs. 

McNally added: “The building will include meeting rooms and conference facilities located on the ground floor, and three floors of open plan office space above. The investment will be good for INEOS and local businesses that will benefit from the investment and the long-term, skilled jobs at the site.

“This site is undergoing a radical transformation with significant investment that will herald a new era in petrochemical manufacturing at Grangemouth.

“Investment into the Chemicals business is in the order of £450 million, which includes spend on this new office accommodation, restructuring of redundant assets as well as our ethane supply project.

“This represents the most significant investment into UK and Scottish petrochemical manufacturing of recent times and demonstrates INEOS’ commitment to the Grangemouth site, its employees and the local economy.

“We have a clear strategic view of the future, where Grangemouth is a growing centre of excellence, attracting new investment, creating new jobs and providing Scotland with the raw materials that it needs to support its manufacturing sector.” 

 The new business HQ and office accommodation is scheduled for completion in September 2016.

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