Ineos set to close Seal Sands plant due to ‘crazy’ compliance costs

The plant, part of a much larger complex, was bought from BASF in 2008. Since then, “Ineos has invested almost €200m in the site to try to counter decades of significant under investment. Despite the company’s best efforts and the fact that every penny of profit has been ploughed back into the site to reverse this situation, the company is of the view that nothing more can be done to ensure that operations are both safe and economically viable,” it said in a statement made yesterday.