Feeds

Financial crisis does for Scottish biofuel plant

Plans for £65m facility on indefinite hold

5 things you didn’t know about cloud backup

Chemical company Ineos Enterprises has "put on hold" indefinitely plans to build a £65m biodiesel plant in Grangemouth, near Falkirk.

The company, which already operates a synthetic ethanol refinery in the town, said the "current economic slowdown had rendered the project unviable", according to the BBC.

The proposed facility - announced back in 2006 and expected to be operational this year - would have produced 500,000 tons of biofuel a year. It had attracted a £9m grant from the Scottish Government, which Ineos has returned.

Ineos said in a statement: "Given the continued and prolonged global economic downturn Ineos is focussing on tight control of costs and expenditure across its entire portfolio.

"As a consequence, ongoing plans to invest in new additional biodiesel capacity across Europe are on hold until Ineos has a clearer picture of the economic outlook. Across Europe, manufacturing industry, including chemicals and biofuels, is experiencing a period of unprecedented volatility and uncertainty and accurate forecasting is expected to remain extremely difficult in the short-term."

The convener of Falkirk Council's economic development committee, councillor Craig Martin, said: "We are obviously disappointed that this innovative idea isn't going ahead. However, we fully recognise that many businesses across the UK are being forced to rethink their operations.

"We are willing to assist Ineos in any way we can, particularly when it comes to preserving jobs."

Ineos Enterprises already operates a biodiesel plant in Baleycourt, France. A spokesman said the firm would press ahead with plans to double capacity there. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Boffins attempt to prove the UNIVERSE IS JUST A HOLOGRAM
Is this the real life? Is this just fantasy?
Our LOHAN spaceplane ballocket Kickstarter climbs through £8000
Through 25 per cent but more is needed: Get your UNIQUE rewards!
Software bug caught Galileo sats in landslide, no escape from reality
Life had just begun, code error means Russia's gone and thrown it all away
NASA to reformat Opportunity rover's memory from 125 million miles away
Interplanetary admins will back up data and get to work
LOHAN tunes into ultra long range radio
And verily, Vultures shall speak status unto distant receivers
SpaceX prototype rocket EXPLODES over Texas. 'Tricky' biz, says Elon Musk
No injuries or near injuries. Flight stayed in designated area
Galileo, Galileo! Galileo, Galileo! Galileo fit to go. Magnifico
I'm just a poor boy, nobody loves me. But at least I can find my way with ESA GPS by 2017
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.