INEOS awarded grant by French Government

25 Feb INEOS awarded grant by French Government

(Oilandgaspress) – INEOS announced a €300 million investment supported by French government grants that will deliver the next phase of its Lavera regeneration plan and cut carbon dioxide emissions by 331,000 tonnes per annum, the equivalent of taking over 70,000 cars off the road each year. The programme will also improve the long-term competitiveness of one of France’s most important industrial assets, securing thousands of skilled jobs.

The French government is providing support under the ‘Appel d’Offres Grands Projets Industriels de Décarbonation’ (AO GPID) scheme, part of the France 2030 investment plan and operated by ADEME. AO GPID provides annual grants to support large industrial decarbonisation projects that deliver verifiable emissions reductions over a 15-year period to reduce France’s reliance on fossil-based energy.

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