INEOS has announced a €300m investment supported by French government grants that will deliver the next phase of its Lavera regeneration plan and cut carbon dioxide emissions by 331,000 tonnes per annum.

THe grant has been offered under the Appel d’Offres Grands Projets Industriels de Décarbonation (AO GPID) scheme to support large industrial decarbonisation projects that deliver verifiable emissions reductions over a 15-year period to reduce France’s reliance on fossil-based energy.

Sir Jim Ratcliffe said: “This starts with protecting skilled jobs. The answer is not decarbonisation by deindustrialisation. Securing essential materials at home, rather than importing them from China or the US, is simply common sense.”

At a time when chemical plants are closing across Europe due to pressure from high energy costs and global competition, this investment will provide stability for around 2,000 direct employees and more than 10,000 workers across the wider supply chain.

Lavera is a central pillar of French manufacturing. Its products and pipelines, feed directly into essential value chains across pharmaceuticals, healthcare, aerospace, transport, clean energy, food packaging and defence. Maintaining these capabilities inside France is vital for industrial strength, economic resilience and the country’s long-term technological leadership,

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