Chemical company INEOS announced today that it has been awarded a €300 million (USD$353 million) grant from the French government to install energy-efficient technologies and decarbonize the company’s petrochemical site in Lavera, France, on the Mediterranean coast.
INEOS said the funding follows a $294.5 million award announced in November 2025 and marks the next phase of its Lavera regeneration plan, which will reduce carbon dioxide emissions by 331,000 tons annually, improve the site’s competitiveness, and help secure thousands of skilled jobs.
The regeneration plan is designed to reposition Lavera, one of France’s largest petrochemical and refining hubs, into a profitable, lower-carbon facility with a defined pathway to net zero. The upgrade will also enable the Lavera industrial cracker to process more sustainable feedstocks derived from recycled plastics and bio-sourced materials, replacing fossil-based inputs, according to the company.
INEOS Chairman and CEO Sir Jim Ratcliffe said:
“This investment gives Lavera long-term resilience, sharpens its competitiveness and renews technology that cuts emissions by 331,000 tonnes a year. That is real industrial leadership.”
The funding is being provided under the French government’s “Appel d’Offres Grands Projets Industriels de Décarbonation” program, which provides annual grants for large industrial decarbonization projects that deliver verifiable emissions reductions over a 15-year period, supporting France’s efforts to reduce reliance on fossil-based energy.
