I admit it - I didn't know about the 2005 change in ownership of what used to be the BP Grangemouth oil refinery. In fact, until yesterday, I had never heard of Ineos.
How come such a strategic asset as the Grangemouth refinery ends up in the hands of a privately-owned company based in Hampshire? And how did a company set up ten years ago grow to become the third biggest chemicals company in the world with a turnover of $45 billion?
Well, given this morning's news, we may expect to find out a lot more about Ineos over the next few weeks.
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