Ineos appoint Morgan Stanley for Grangemouth

The blog’s close eye on Scotland’s media has again been rewarded this morning, as ‘The Scotsman’ reveals that Ineos have appointed Morgan Stanley, the investment bank, to advise on the sale of Grangemouth.

It suggests that a company such as “PetroChina could buy the refinery, while Ineos would retain the polymer and petro-chemical processing plants located on the same site”. But worryingly from Ineos’ point of view, it quotes a PetroChina official as saying that “downstream business has a poor margin nowadays and talks can take a really long time”.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. He also serves as a Global Expert for the World Economic Forum. The aim of this blog is to share ideas about the influences that may shape the chemical industry and the global economy over the next 12 – 18 months. It looks behind today’s headlines, to understand what may happen next in critical areas such as oil prices, China and Emerging Markets, currencies, autos, housing, economic growth and the environment. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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