INEOS Enterprises intents to invest in the UK biofuels sector
INEOS Enterprises has announced its intention to make a significant strategic investment in the UK biofuels sector, potentially at the INEOS site at Grangemouth, Stirlingshire. The Grangemouth Site is one of a number of possible locations in the UK suitable for such an investment. At the heart of this investment is a new biodiesel facility that would provide a secure supply of biodiesel to the INEOS Refining operations at Grangemouth.
The investment could also include a bioethanol facility, which would take advantage of INEOS Enterprises' knowledge and expertise in synthetic ethanol. INEOS Enterprises operates synthetic ethanol plants at Grangemouth, and is, according to the company, the largest synthetic ethanol producer in the world.
Both investments would provide a strong platform from which INEOS Enterprises could grow its existing biofuels business in light of the significant increase in demand for biofuels predicted in the UK as a result of the Renewable Transport Fuel Obligation.
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