INEOS at Grangemouth endorses the bid to establish the Forth Green Freeport

• The Forth Green Freeport will sustain a prosperous industrial and manufacturing sector,
  provide high quality employment and deliver economic benefit to the country
• Andrew Gardner, CEO and Chairman at INEOS Grangemouth: “We are proud to be part
  of the bid consortium that brings together key public and private sector organisations
  with a shared goal, to deliver a just and fair transition to net zero in the region, along
  with the vision to reindustrialise and create economic development for the whole
  country.”

In backing the bid for the Forth Green Freeport, INEOS recognises the important and significant
role this region has to play in achieving the Scottish and UK Governments’ net zero targets. The
bid will bring together key partners who are ideally placed to facilitate and accelerate investment
into the region together with addressing and tackling the challenges that lie ahead to achieve a
just and fair transition to net zero.

INEOS is already playing its part, delivering on the fundamental elements that underpin and
complement the Forth Green Freeport bid and in providing good quality jobs at its Grangemouth
site. Forward planning and investments are already in place via our established ‘Road Map to net
zero’. This includes the construction of a new energy plant, an investment in hydrogen production
that will see a new hydrogen hub in the region along with a focus on improved manufacturing
operations and research and development that is delivering new ranges of polymers with
increasing amounts of recycled content.

We have created investment-ready space within our industrial estate that will be attractive to third
party businesses with the Forth Green Freeport providing a fiscal and favourable investment
environment to encourage third parties to invest, bringing with it renewed prosperity to the region.

In welcoming the Forth Green Freeport bid, Andrew Gardner, CEO and Chairman at INEOS
Grangemouth said, “We are proud to be part of the bid consortium led by Forth Ports Limited. The
bid brings together key public and private sector organisations with a shared goal, to deliver a just
and fair transition to net zero in the region, along with the vision to reindustrialise and create
economic development for the whole country. The bid has the potential to create an ambitious and
attractive green investment zone, which is focused on the Forth but will have a much broader
impact across Scotland, including creating 50,000 new green jobs, providing skills development for
young people and creating local jobs in local communities for local people.”