The pressures we face as industry are real, and they’re growing. Energy has become a question of security, and security is part of sustainability. Without reliable, affordable energy, industry stops, supply chains break down, and the consequences are felt everywhere, from factories to hospitals to households. Net zero remains an important ambition, but it has to be pursued in a way that is practical, that maintains competitiveness and is grounded in reality.
At INEOS, we focus on what works. We apply science, engineering and data to guide where we invest, how we operate, and how we build our business for the long-term. That means making decisions based on evidence, not ideology.
We recognise that a strong industrial base depends first on secure energy and competitive conditions to generate the income to invest in a more sustainable approach in the future.
We are also working on a more circular approach to many of our products. This is more than a nice idea, if the demand for these products exists from consumers. It is increasingly possible to reuse products again and again, to take bio-based or recycled material as the raw material for new products. We have to keep materials in use for longer and cut waste and emissions at the same time. That’s why we’re putting serious effort into advanced recycling, designing products properly in the first place, and working with partners who can help close the loop.
But let’s be clear, industry can’t do this in a vacuum. If we are to remain competitive, governments need to provide a framework that supports both energy security and decarbonisation. That includes backing domestic energy production, creating stable regulatory conditions, and avoiding policies that simply export emissions and industry elsewhere. Without that balance, we risk deindustrialisation rather than decarbonisation, and deindustrialisation is not sustainable.
And this isn’t just about industry, it’s about people. Manufacturing supports millions of skilled jobs, and those jobs depend on companies being able to invest and compete. Our job is to protect that base while building the next generation of opportunities in cleaner technologies, new energy systems and more circular products.
This report sets out clear examples of the work and investment across INEOS. Our aim is straightforward: run a strong, competitive, industrial business, ensure the energy that underpins it is secure, and reduce environmental impact in a way that is both credible and sustainable for the future.
Sir Jim Ratcliffe
Chairman and Founder of INEOS
Across our businesses, we are switching to cleaner power through long-term supply agreements, improving energy efficiency through optimisation, incorporating recycled and biogenic feedstocks, and developing new circular products. Each project is assessed against technical feasibility, safety, cost and long-term value, not headlines. INEOS makes products that are essential to modern life many of which contribute directly to UN Sustainable Development Goals, supporting everything from affordable energy, clean water and healthcare to sustainable cities, responsible consumption and climate action. They also play a critical role in the energy transition itself, including lightweight materials that reduce fuel use, polymers for renewable energy infrastructure, insulation that lowers heating demand, electrolysis systems for hydrogen production, and materials that enable carbon capture.
