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Ineos could keep Grangemouth refinery open
A PETROCHEMICAL plant, which was to close after a dispute ovr workers' pay, will stay open, The Northern Echo understands.
Ineos is set to reveal its Grangemouth petrochemical plant, near Falkirk, in Scotland, will remain operational after striking a deal with workers.
The company announced plans to shut the plant earlier this week, with the loss of 800 jobs, after workers were split over survival plans for the site that including staff accepting a pay freeze and changes to pensions.
Earlier this month, the firm revealed it had already put £1bn into Grangemouth and may invest a further £300m to build a gas terminal to bring ethane from the US.
It said it has asked the Scottish and UK governments for grants and loan guarantess of up to £125m to support the venture, but warned the plant could close by 2017.
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