Scottish Enterprise has awarded £5 million in Environmental Aid funding to INEOS O&P UK's Grangemouth site, helping to install a high-efficiency furnace known as Furnace 10. The project safeguards more than 100 jobs and underpins the future of skilled manufacturing at the complex.

The new furnace is expected to boost productivity and cut carbon emissions by up to 25,600 tonnes of CO2e each year. It is designed to enhance the site's long-term competitiveness and maintain its pivotal role in Scotland's manufacturing base and the wider UK chemicals supply chain.

Jan Robertson, Managing Director of Energy Transition and Transformational Programmes at Scottish Enterprise, said: "Our funding has helped INEOS O&P UK to complete an important project that brings more efficient technology into operation, improves productivity and reduces emissions, while safeguarding more than 100 Scottish manufacturing jobs.

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"We're working with companies, government and our partners to invest in Grangemouth. Through our work leading the Grangemouth Future Industries Board we are progressing a number of important projects to strengthen the cluster's global competitiveness, promote and enhance its innovation capabilities and support its transition towards a more sustainable, low carbon future."

Nick Williamson, CEO INEOS O&P UK, said: "We welcome the support from Scottish Enterprise. The Furnace 10 Project has delivered a significant strategic strengthening of the performance of the UK's only ethylene manufacturing plant. Its advanced design brings Best Available Technology, supports lower energy intensity and reduced CO2 emissions, while delivering the additional capacity needed to meet sales commitments."

The Scottish Enterprise support follows wider public and private investment to sustain chemical production and jobs at Grangemouth. In December 2025, the UK Government announced a joint investment of £150 million with the company.