Jim Ratcliffe, the billionaire founder and majority owner of multinational chemical company Ineos, has purchased large amounts of land in Grímsstaðir á fjöllum in northeast Iceland for conservation purposes. Ratcliffe has previously purchased three other pieces of land in Iceland that contain salmon rivers. The purchase is part of a plan to create an international network of protected areas around the world. In 2012, a Chinese investor, Huang Nubo, planned to purchase the land for $8.7bn in order to construct a hotel and golf course.
Jim Ratcliffe, the billionaire founder and majority owner of multinational chemical company Ineos, has purchased large amounts of land in Grímsstaðir á fjöllum in northeast Iceland for conservation purposes. Ratcliffe has previously purchased three other pieces of land in Iceland that contain salmon rivers. The land was put on sale for $6.8m in October. In 2012, a Chinese investor, Huang Nubo, planned to purchase the land for $8.7bn in order to construct a hotel and golf course.