Fortum sells CHP plant at Scottish refinery

Swiss multinational chemicals company, Ineos has acquired Fortum’s combined heat and power plant at the Firth of Forth in Scotland for £54m.

The Finnish energy company will continue to maintain the Grangemouth plant, which generates 145 MW of electricity and 257 MW of heat, and provides power and steam to the petrochemical and refining plant.Fortum

Excess electricity is sold to the national grid.

Sasu Valkamo, Vice President of the Nuclear and Thermal Power Division at Fortum said: “The Grangemouth CHP plant is a highly efficient and modern power plant and as INEOS has a long term plan to develop the Grangemouth site; this was a good opportunity for both companies.”

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