MOSCOW (MRC) -- Britain’s second biggest manufacturing company and which owns the Grangemouth petro-chem refinery – has announced that it is now growing so fast in the UK that it is setting up a new corporate headquarters building in London, said Scottishenergynews.
Overlooking near neighbour, the Harrods department store, the building will house over 100 people and provide a home for all of the INEOS UK businesses including its Grangemouth business, its oil and gas ventures, its shipping business, its trading business and its new INOVYN joint venture as well as a number of corporate services.
Rolle in Switzerland will remain the headquarters for a number of well-established INEOS businesses and INEOS will formally refer to itself as an Anglo / Swiss company.
Jim Ratcliffe, INEOS chairman and founder said, "It makes perfect sense for INEOS to set up its new UK corporate headquarters in London. We are growing fast in the UK and London is a great location for our UK base".
As MRC informed earlier, INEOS has recently commissioned eight large-volume Dragon class ships to transport liquefied shale gas ethane from the US to Europe. And the company – which owns a number of licences to explore for shale oil / gas in the Central Belt – has now put roof in place that covers Europe’s biggest ethane storage tank at Grangemouth.
INEOS Group Limited is a privately owned multinational chemicals company consisting of 15 standalone business units, headquartered in Rolle, Switzerland and with its registered office in Lyndhurst, United Kingdom. It is the fourth largest chemicals company in the world measured by revenues (after BASF, Dow Chemical and LyondellBasell) and the largest privately owned company in the United Kingdom.
MRC