Government invests £120m to save UK’s last ethylene plant

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The UK government is investing £120 million in Jim Ratcliffe's Ineos to save the country's last ethylene plant in Grangemouth, Scotland. The investment aims to protect over 500 jobs and secure a vital part of the UK's chemical infrastructure. Ethylene produced at the plant is essential for various industries, including medical plastics, water treatment, aerospace, and car manufacturing. The deal, with an additional £30 million from Ineos, comes after criticism of the government's handling of job losses at other Ineos and ExxonMobil sites in Scotland. The investment has political implications ahead of the upcoming Scottish parliamentary elections, with Labour hoping to regain voter support.
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