Jim Ratcliffe’s Ineos backs ‘clean’ hydrogen fund planning UK float

Chemicals company to invest at least 25m in HydrogenOne Capital Growth as it targets green economy

The chemicals company owned by Sir Jim Ratcliffe has agreed to become a cornerstone investor in a new clean" hydrogen fund that plans to list on the London Stock Exchange later this year.

Ineos, which has made Monaco-based Ratcliffe one of the UK's richest people, will invest at least 25m in HydrogenOne Capital Growth as it plans to raise a total of 250m by becoming the first hydrogen specialist to float in the UK.