INEOS has announced an agreement with LyondellBasell to buy its Ethylene Oxide (EO) and Derivatives business including the Bayport Underwood site, Texas. The deal includes the 420 kt Ethylene Oxide plant, the 375 kt Ethylene Glycols plant and the 165kt Glycol Ethers plant together with all associated third-party business on the site, for $700 million. … Read more
Eastman Chemical Company announced it has entered into a definitive agreement to sell its Texas City Operations, located in Texas City, Texas, to INEOS Acetyls, a global manufacturer and supplier of acetic acid and related chemicals owned by the INEOS Group. Texas City Operations is currently part of Eastman’s Chemical Intermediates segment. Eastman will retain … Read more
INEOS Enterprises has announced the acquisition of Eramet Titanium & Iron (ETA) from Eramet for $245m. The deal which takes immediate effect, was completed today following the satisfaction of regulatory approvals. ETI consists of an ilmenite transformation plant in Norway producing titanium slag which is used in the pigments industry. It also produces high-purity pig … Read more
INEOS has completed the formation of a 50/50 joint venture with SINOPEC for the Tianjin Nangang Ethylene Project, announced in December 2022, which is currently under construction by SINOPEC and expected to be on-stream by April 2024. The petrochemical complex includes a 1.2 mtpa cracker, a new 500ktpa High-Density Polyethylene plant to produce INEOS pipe … Read more
INEOS, a leading global chemical company, has announced its plans to acquire several key businesses and infrastructure assets in a strategic deal with TotalEnergies. The acquisition will involve INEOS taking over TotalEnergies’ 50% share of Naphtachimie, Appryl, Gexaro, and 3TC, which are currently joint ventures between the two companies. These businesses, located at the Lavera … Read more
LOTTE INEOS Chemical has today announced plans to increase VAM production capacity from the current 450,000 tonnes to 700,000 tonnes with the addition of a third VAM plant. The new plant is scheduled to start-up by the end of 2025. VAM is widely used for everyday products such as food packaging, solar panels, windscreens, polarizing … Read more
INEOS and SINOPEC have completed two of the four significant petrochemical deals announced earlier this year. The two deals are: SECCO joint venture. INEOS has acquired 50% of Shanghai SECCO Petrochemical Company Limited. ABS joint venture. INEOS and SINOPEC have also established a 50:50 joint venture for ABS (Acrylonitrile Butadiene Styrene), based on INEOS’ world … Read more
INEOS and SINOPEC have announced a new Joint Venture agreement that will see INEOS acquire a 50% share in the existing Tianjin Nangang Ethylene Project from SINOPEC. The project is currently building a 1.2 million tonne ethane cracker, expected to come on-stream at the end of 2023, and downstream derivative plants in Tianjin, China. A … Read more
INEOS Phenol has launched its first bio-attributed product line for phenol, acetone alphamethylstyrene (AMS). These products, made without using fossil fuels as feedstock, are to be sold under the INVIRIDISTM brand. They represent innovation in the global phenol market and offer a more climate-friendly and sustainable alternative to existing phenol, acetone, or AMS. Manufactured at … Read more
WL Plastics Corporation, a subsidiary of INEOS USA has announced it has completed the acquisition of the polyethylene pipe extrusion assets of Charter Plastics, Inc. located in Titusville, Pennsylvania. This strategic acquisition provides the opportunity for WL Plastics to further diversify its product offerings, expand its customer base, and enter new regional markets. The Titusville … Read more
INEOS announced Monday it was investing more than €2 billion ($2.3 billion) into electrolysis projects to make zero carbon, green hydrogen across Europe. The company intends to build its first plants in Norway, Germany and Belgium over the next 10 years, with investment also planned for plants in the UK and France. INEOS, through its … Read more
INEOS Grangemouth has announced investment of over £1 billion ($1.37 billion) towards reducing greenhouse gas emissions at its site to net zero by 2045, building on the 37% reduction in net CO2 emissions already delivered since acquiring the site in 2005. INEOS has already committed over £500 million ($684.2 million) spend on projects which are … Read more
INEOS E&P A/S, which is a part of INEOS Energy, has announced that it has completed the previously announced agreement to acquire the subsidiary HESS Denmark ApS. for a total consideration of $150 million, effective January 1st 2021. INEOS acquires 61.5% of the Syd Arne oil field, currently operated by HESS, which complements the 36.8% … Read more
INEOS completed the purchase of the global Aromatics and Acetyls businesses from BP for a consideration of $5 billion. The deal was first announced at the end of June 2020. INEOS is already one of the world’s leading petrochemical companies and this acquisition will extend both the portfolio and the geographic reach of the business. … Read more
Ineos Olefins and Polymers USA has agreed terms to acquire Sasol’s 50% stake in their joint venture, Gemini HDPE LLC for $404 million, thereby, becoming 100% owner of the asset. Gemini is a toll-manufacturer of bimodal high-density polyethylene (HDPE) products serving rapidly growing pipe and film markets. Gemini HDPE plant, which has a capacity of … Read more
INEOS has launched a new business to develop and build clean hydrogen capacity across Europe, in support of the drive towards a zero-carbon future. INEOS currently produces 300,000 ton per year of hydrogen mainly as a co-product from its chemical manufacturing operations. Through its subsidiary INOVYN, INEOS is Europe’s largest existing operator of electrolysis, the … Read more
BP’s Aromatics and Acetyls business consists of 15 sites across the world (5 in the Americas, 2 in Europe and 8 in Asia) as well as 10 leading joint ventures. INEOS announced its intention to purchase the global Aromatics and Acetyls businesses of BP for a consideration of $5 billion. Aromatics provide the building blocks … Read more
INEOS and Plastic Energy have agreed to collaborate in constructing a new plant to convert waste plastic into raw material to make new plastic. The new facility would be operational by the end of 2023. Plastic Energy’s proprietary Thermal Anaerobic Conversion (TAC) technology turns previously unrecyclable plastic waste into TACOIL. The resulting material is then … Read more
INEOS and UPM Biofuels announced a long-term agreement to supply a renewable raw material for new and innovative bio-attributed polymers to be produced at INEOS Köln, Germany. INEOS will use UPM BioVerno, a sustainable raw material from a renewable residue of wood pulp processing, to produce bio-attributed polyolefins. These new sustainable materials will be used … Read more
INEOS Olefins & Polymers Europe has announced a range of Bio-Attributed Olefins and Polyolefins, based on renewable bio based raw materials that do not compete with food production. Products will be supplied from the INEOS Koln site, Germany, later this year. The company stated that bio-attribution measures the extent to which fossil fuel-derived feedstocks have … Read more