Richard Longden News
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Ineos Group Holdings SA, a chemical maker, set the rate it may pay on a $1 billion loan to refinance bonds due in 2015, according to three people with knowledge of the deal.
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Grangemouth, Scotland’s sole oil refinery, will halt several units for maintenance work in September, according to two people with direct knowledge of the partial shutdown plan.
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The Grangemouth oil refinery in Scotland will operate as normal even if BP Plc’s tanker drivers based in the area go on strike for three days beginning Feb. 22 in a dispute over pensions.
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Ineos Group Holdings Plc, the U.K.’s largest privately-held company, is offering to pay debt early if lenders agree to it reorganizing its structure following its move to Switzerland for tax purposes.
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The regulator of the United Nations emissions market has challenged a request by Ineos Group Holdings Ltd. to get 57 percent more greenhouse gas offsets from a Korean chemicals plant starting this year.
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New U.K. rules setting a minimum price for carbon dioxide from power generation are unlikely to cut greenhouse gas emissions and risk driving manufacturers abroad, chemicals company Ineos Group Holdings Plc said.
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PetroChina Co. , China’s biggest energy producer, gained a foothold in Europe after agreeing to set up a joint venture with Ineos Group Holdings Plc to accelerate its global expansion.
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A 12-day-old workers strike at the French port of Marseille, expected to continue through the weekend, will force refiners in the region to start halting production, leading to motor fuel shortages.
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Oil refineries in France are starting to resume operations following the end of nationwide strikes and protests at terminals.
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U.K. units of Ineos Group Holdings Plc and Tata Steel Ltd . may be “uneconomical” after the government imposes a carbon tax in 2013, according to the Confederation of British Industries.
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