Wedoany.com Report on Feb 24th, Ineos recently announced an investment plan totaling €300 million to support the decarbonization transformation project at its Lavéra site. This investment will receive grant support from the French government for implementing a new phase of the Lavéra Regeneration Plan. The project is expected to reduce carbon dioxide emissions by 331,000 tons annually, equivalent to removing over 70,000 cars from the road each year. Furthermore, this decarbonization initiative will enhance the long-term competitiveness of France's critical industrial assets and ensure stable employment for thousands of skilled jobs.
The French government is providing funding support through the "Major Industrial Decarbonization Projects Call for Proposals" program, which falls under the France 2030 investment framework and is operated by the French Environment and Energy Management Agency. This call for proposals provides annual grants aimed at supporting large-scale industrial decarbonization projects. These projects are required to deliver verifiable emission reductions over 15 years to reduce France's dependence on fossil fuels and drive the industrial transition towards greater sustainability.
Against the backdrop of European chemical plants facing closure pressures due to rising energy costs and intensified global competition, this investment provides job security for approximately 2,000 direct employees and over 10,000 workers in the supply chain. As a core pillar of French manufacturing, the Lavéra site's products and supply chains serve critical industries such as pharmaceuticals, healthcare, aerospace, transportation, clean energy, food packaging, and defense, playing a vital role in France's industrial strength and economic resilience.
By implementing the decarbonization transformation, Ineos not only enhances its industrial competitiveness but also supports France's long-term technological leadership. In the current period of global supply chain adjustments, maintaining domestic industrial capacity is crucial for reducing dependence on external imports. This decarbonization project is expected to generate positive environmental and economic benefits, injecting new momentum into the sustainable development of French industry.
