Company unveils biodiesel plans

The company said it will build the plant at Grangemouth

Plans to build a new biodiesel plant in Scotland have been unveiled.

Ineos Enterprises said it was aiming to open the new facility at Grangemouth, where its parent company operates the oil refinery.

Biodiesel, made from vegetable oil and diesel, is seen as a way of reducing greenhouse gas emissions.

Ineos, reported to be Britain's largest privately owned company, said it was also aiming to double the capacity of its Biodiesel plant in France.

Chief executive Harry Deans said the company was looking at "wider European locations" to open plants.

He said further details about the company's plans would be announced in the coming weeks.

The Ineos Enterprises biodiesel plant in Baleycourt, France, produces about 110,000 tonnes of biodiesel a year and the company plans to double the capacity to 220,000 tonnes by 2008.