The specialty chemicals group announced an investment programme to refurbish and modernise its cracker in Lavéra, France.

According to a statement from Ineos, the major investment, which has the support of the French government and the participation of BNP Paribas and ING banks, is the first phase of a long-term refurbishment plan to reduce emissions and increase capacity utilisation, efficiency and competitiveness at the Lavéra industrial site.
 
Sir Jim Ratcliffe, founder and chairman of Ineos, said: "France is showing real industrial leadership. The government understands that without a strong manufacturing base, Europe will falter. INEOS is investing in Lavera because we believe in the site, its people and its future but Europe must wake up. High energy prices, over-regulation and punitive carbon costs are destroying its industrial backbone.  If politicians want jobs, investment and energy security, they must create the conditions for industry to compete."
 
According to Ineos, the Lavéra site employs around 2,000 people directly and more than 10,000 people through its supply chain. It produces important raw materials that are used in many industries, from healthcare and pharmaceuticals to aerospace, transport, food packaging, clean energy and cutting-edge technologies. The next phases of the Lavéra redevelopment programme are expected to bring further efficiency gains and significant CO₂ reductions. However, according to Ineos, they also require further support from the French government.
 
Sources:

• Ineos press release (19.11.2025)
• Photo: © Ineos