The British chemical company INEOS, the chemical company founded by Monaco resident Sir Jim Ratcliffe, released a statement today saying it will build a third hand sanitizer plant in France in 10 days to help with a European shortage.
“It is becoming more and more evident that contact between the hands and the mouth is an important cause of contagion of Coronavirus,” said INEOS chairman Jim Ratcliffe, who is #110 on the Forbes Billionaires list with an estimated real-ime worth of $12.3 billion.
The new facility in Lavéra, some 40 km northwest of Marseille, will produce one million bottles of hand sanitizer, especially designed to kill bacteria and viruses, per month. This company’s other two new factories in Grangemouth, Scotland and Herne, Germany, are expected to meet this output.
The hand product, manufactured according to the specifications of the World Health Organization, will be supplied free of charge to hospitals.
“INEOS is a company with enormous resources and production skills. If we can find other ways to help fight the coronavirus, we are absolutely determined to do our part,” stated Ratcliffe, who owns two-thirds of the INEOS chemical group, which he founded in 1998.
Sir Ratcliffe moved to tax-free Monaco in 2018; INEOS purchased the Ligue 1 club OGC Nice in August 2019 for a reported €100 million.