INEOS and Petroineos own and operate one of Scotland’s largest manufacturing sites at Grangemouth. We recognise the importance of reducing energy consumption, waste and greenhouse gas emissions from our industrial processes. As one of Scotland’s largest manufacturers and employers, we acknowledge that we are operating a CO2 intensive industry and we have a significant role to play in helping Scotland reach its Net Carbon Zero target by 2045.
“Net zero” by 2045 at Grangemouth is a science-based commitment that means investment in reduction measures, changes in production processes, and efficiency upgrades. INEOS investment across the Grangemouth site in all operating businesses will contribute to a reduction of CO2e (carbon dioxide equivalent) through practical measures that focus on 'at source' emissions.
In line with the Scottish Government commitment to meet the Paris Climate Change Agreement, this will mean INEOS will be climate-neutral in Grangemouth by 2045. It also accounts for the shared ambition to reduce greenhouse gas emissions to at least 55% below 1990 levels by 2030. Since taking ownership of the facility in 2005, we have already reduced CO2 emissions at the site by 37%. We must continue on this journey.
INEOS’ businesses at Grangemouth have put in place roadmaps to lead the transition to a net zero economy by no later than 2045, whilst remaining profitable, and staying ahead of evolving regulations and legislation. Based on these roadmaps, we are setting ambitious but achievable targets for 2030 which are in line with our 2045 commitment in Scotland.
Andrew Gardner, CEO INEOS FPS and Chairman O&P UK, said: "The work continues to deliver our clear, achievable road-map to effectively contribute to a reduction of emissions from our operations which includes the investment in the New Energy Plant, upgrades to FPS and changes in our Petroineos operations. It will lead to increased usage of green power and clean heat, capturing and reusing hydrogen and CO2, further investment in electrification and where appropriate switching to recycled or bio-feedstock.”
We are committed to continuing our journey of progress in which many investment projects will add up to significant positive impact in terms of emissions reduction with benefits for Climate Change, our local community, our business partners and the country as a whole.
This website will feature regular updates on our journey, revealing insights into projects big and small that will help transform the future of Grangemouth while delivering the products that modern society demands. The stories will not just feature what is happening within the gates of our Grangemouth site, but will be taking you behind the scenes on the impact that INEOS as well as the products we make are making together with some of its business and community partners. We’ll include some of the most important stakeholders: the next generation of change-makers in our schools, apprenticeship programme and our young future leaders. News stories will be categorised under 4 pillars, Economy, Products, Emissions and Energy & Resource Transition, all of which underpin the United Nations 17 Sustainability Development Goals (SDGs).