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. On the contrary, the land is said to have been bought with the purpose of protecting salmon rivers in Northeast Iceland. 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 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.