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Chairman Jim Ratcliffe signs International initiative Operation Clean Sweep®
Net debt is also cut by ¤500 million in just three months
The deal comprises the cumene plant, producing 900,000 tonnes of product, will employ 43 people plus the phenol, acetone and alpha-Methylstyrene (AMS) business.
The demand for VAM in Europe continues to grow briskly and the market is uncomfortably reliant on imports from remote locations for sufficient supply.
We look forward to integrating theOxochimie joint venture and growing our global market presence in oxo alcohols, aldehydes & derivatives.
The decision to ban shale extraction in Scotland has signalled the Scottish Government “turned its back on a potential manufacturing and jobs renaissance”.
The application allows for the drilling of a single vertical core bore well to gain scientific knowledge of what is below the surface, which has been agreed by many Councils many times in the past to support the coal industry.
A landmark agreement has been announced and a joint charter acknowledging that gas will have a key role in the UK’s future energy supply alongside a low carbon economy.
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