History
Our History
Here is a brief history of our business purchases and achievements
Project announces to replace ageing steam and power plant with a new energy plant (NEP)
INEOS announces acquisition of the Forties Pipeline System from BP
Restart of KG’s second manufacturing train following mothballing in 2008
Commissioning of the ethane storage tank
First Dragon ship delivery of US shale gas ethane
O&P UK HQ opens (12 months after construction began)
INEOS raises the roof on the ethane tank
Agreement with Shell ExxonMobil to supply US shale gas ethane from Grangemouth to the Fife Ethylene Plant (FEP) in Mossmorran announced
BAM Construction appointed
INEOS Grangemouth awards contract to construct the new business HQ for the O&P UK business
Piling works for the ethane tank commence
Planning permission for ethane tank granted
Go run for Fun first event in Scotland takes place close to the Grangemouth site
Plans are announced to build an ethane terminal at Grangemouth
INEOS O&P UK business is formed (out of O&P Europe) consisting of the O&P activities on the Grangemouth site and the Wilton liquefaction unit
INEOS’ refining business entered in a joint venture (50:50) with Petrochina. The new company, PetroIneos, owns and operates the refinery at Grangemouth
BP sells INNOVENE to INEOS; the refinery installs a second sulphur recovery unit (SRU)
Legal entity Innovene (O&D) formed by BP with a view to an IPO
BP announces divestment of its Olefins and Derivative (O&D) business
Second ethanol plant commissioned
Further expansion of the KG ethylene plant
Polypropylene plant (PP3) commissioned
Expansion of the KG ethylene plant
Hydrofiner plant built in the refinery to produce ultra low sulphur fuel
KG ethylene plant constructed
Sulphur recovery unit constructed in the refinery
Mossmorran to Grangemouth pipelines constructed
Ethylene pipeline built
GTU/Benzene plant commissioned
First North Sea oil flowed to Grangemouth
Refinery hydrocracker complex built
First shipment of polyethylene from the site
Our pipeline from Finnart Ocean terminal on the west coast, capable of receiving larger tankers, first imported crude oil in 1951. First tonne of ethylene produced at Grangemouth
First chemicals’ plant built to take advantage of feedstocks
Major expansion of refinery
Refinery shut-down during WW2
BP was persuaded by Scottish Oils to locate a refinery near Grangemouth rather than in North-East England Scottish Oils; a throughput of 360,000 tons per year
Glasgow scientist Dr James “Paraffin” Young took out a patent for ‘treating bituminous coals to obtain paraffine therefrom’. The first oil works in the world were opened in Bathgate in 1851 producing oil from shale or coal.