INEOS is investing €250 million to modernize its Lavera cracker in France, a project supported by the French government to ensure the long-term future of the site. The investment is the first phase of a broader plan to improve efficiency, reliability, and sustainability at one of France's largest industrial sites.

The investment aims to cut emissions, boost efficiency and competitiveness, and safeguard thousands of jobs at the Lavera complex.

Sir Jim Ratcliffe, INEOS Founder and Chairman, said: “France is showing real industrial leadership. The government understands that without a strong manufacturing base, Europe will falter. INEOS is investing in Lavera because we believe in the site, its people and its future but Europe must wake up. High energy prices, over-regulation and punitive carbon costs are destroying its industrial backbone.  If politicians want jobs, investment and energy security, they must create the conditions for industry to compete. It is as simple as that!” 

Sébastien Martin, Minister Delegate for Industry, said: "With this €250 million investment, INEOS reaffirms its confidence in France’s industrial sector. Thanks to the support of the State, Lavera becomes the symbol of a nation that chooses to produce, innovate, and invest on its own soil. This is how we strengthen our independence, our competitiveness, and our jobs."

INEOS stated that the regeneration project will secure approximately 10,000 jobs, including the 2,000 people directly employed at the site and those in its supply chain. 

Rob Ingram, CEO of INEOS Olefins & Polymers Europe, said: “This is a vital investment to support continued operations at Lavera, a vital part of the French and European economy. It is about safeguarding jobs, improving performance, cutting emissions. It’s a strong signal of INEOS’ commitment to France, and to keeping essential production in Europe.”

The European chemicals and polymers sector continues to face severe pressure from high energy prices which are three to four times that of China and the USA, and from carbon costs that are only paid in Europe. Multiple plants have already closed across the continent. INEOS warns that unless Europe restores competitiveness, industrial decline will accelerate. 

Future phases of the Lavera regeneration programme will deliver further efficiency gains and major CO₂reductions but will require further support from the French State to bring these plans to fruition. 

The Lavera regeneration programme is a vote of confidence in France and European manufacturing – proof that with the right support, industry can thrive, decarbonise, and deliver the jobs and products Europe depends on.