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From | Wednesday 27 February 2019

The global chemicals giant has pledged its future to Hull with the announcement.

Part of the Saltend Chemicals Park. Picture: Hull Live

Chemicals giant INEOS has announced plans to build a new £150m facility at its site in Hull.

The global manufacturing business will build the new plant at its home at the Saltend Chemicals Park, in a move which will double the size of its current workforce and create 40 new jobs.

The new plant will produce Vinyl Acetate Monomer (VAM), a key component used in adhesives, textiles and packaging.

News of the major investment in Hull comes as a huge boost to Saltend, which last year saw the closure of Vivergo Fuels, resulting in the loss of 150 jobs.

Graham Beesley, CEO at INEOS Oxide, said: “This is an exciting time for INEOS and great news for manufacturing in the region."

Read the full story here.