Sir Jim Ratcliffe officially makes €4.5 billion investment

Sir Jim Ratcliffe is once again displaying his passion as he makes a substantial investment to help things become better.

Ratcliffe, who is currently the co-owner of Manchester United, has made unpopular decisions since taking charge at the club.

In his time at Old Trafford, he has made cuts to the academy whilst also making a number of job cuts.

At the stadium itself, Ratcliffe has moved general season ticket seats to make way for more hospitality.

This decision, made ahead of next season, has angered supporters and has even forced Sir Jim Ratcliffe to have more security as he enters the stadium on matchdays.

But, at INEOS, in contrast to his decisions at Manchester United, his decisions are arguably well-received.

The latest announcement from the company has now been published with the company investing 4.5 billion euros in a petrochemical facility in Antwerp.

Announcing the decision on their official website, INEOS stated: “INEOS is investing €4.5 billion in a world-scale, state-of-the-art petrochemical facility in Antwerp that slashes carbon emissions by two thirds compared to the average cracker in Europe.

“The trillion Euro chemical industry is one of Europe’s largest and most important sectors.

“Whilst Europe sees a growing list of closures – 200 in the last 3 years – and companies exiting the region to focus on investments in the US and China, INEOS alone is committing to Europe through the investment in the only new cracker to be built in Europe in 30 years.

“The Project ONE cracker will be Europe’s most energy efficient cracker for the production of ethylene, a vital raw material which is a key building block for the whole of the chemical industry in Europe, thereby supporting critical sectors such as health and pharmaceuticals, food, clean water, technology and communications, energy, and defence.

“Without these chemicals Europe cannot run hospitals, feed people, or build armaments. It is essential for national security.

“Investments such as this are not only necessary to enable Europe to meet its CO2 emission reduction targets but are also vital to enhance European competitiveness and safeguard supplies of strategically important raw materials.”

Whilst Sir Jim Ratcliffe makes investments with his company, Manchester United supporters may look towards the co-owner to see when he will make further investments in the club.

The summer transfer window could present a good opportunity to do this with the club needing recruitment in key areas, such as midfield, to ensure they can remain competitive next season.

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