Ashland Global Holdings Inc. announced on Tuesday, 3rd September that it has completed the previously announced sale of its Composites business (excluding the Maleic business) and butanediol manufacturing facility in Marl, Germany to INEOS Enterprises in a transaction valued at $1.015 billion. Net proceeds from the sale are approximately $930 million. Over $400 million of … Read more
INEOS Phenol has announced on Thursday it is to build a world scale, state of the art cumene unit in Marl Germany, to be completed in 2021. The new 750,000 tonne unit will use existing pipeline connections between INEOS’ phenol and acetone production site in Gladbeck, the Evonik Chemiepark in Marl and the BP refinery … Read more
INEOS has signed a Memorandum of Understanding with Saudi Aramco and Total, France, to build three new plants as part of the Jubail 2 complex in The Kingdom of Saudi Arabia. A new state-of-the-art 425,000 tonne acrylonitrile plant, will use INEOS’ world leading technology and catalyst. It will be the first plant of its kind … Read more
INEOS Enterprises has announced on Wednesday the sale of INEOS Melamines & Paraform to Prefere Resins Holding GmbH. The agreement covers sites in USA, Germany and Indonesia. INEOS Paraform is Europe’s second largest producer of Paraformaldehyde. It employs around 120 people at its Mainz facility located close to the River Rhine and the port of … Read more
Ineos AG is planning to double the size of subsidiary Ineos Oxide’s proposed ethylene oxide (EO) and ethylene oxide derivatives (EOD) plant to be built somewhere along the US Gulf Coast. Part of Ineos’ plan to address a fast-growing EO merchant market as well as the operator’s own requirements, the new plant—which will now produce … Read more
Tronox Limited confirmed on Monday that the Federal Trade Commission has withdrawn the company’s proposed acquisition of The National Titanium Dioxide Company Limited’s titanium dioxide business from adjudication for the purpose of considering the proposed Consent Agreement. The transaction would then be able to be consummated if the proposed Consent Agreement were finally approved by the Commission. The … Read more
INEOS has announced on Tuesday that it has signed an agreement to acquire Cristal’s (National Titanium Dioxide Company Limited) North American TiO2 business from Tronox Limited for $700 million. The North American business of Cristal includes two plants located in the complex of Ashtabula Ohio (US). The deal is the proposed remedy package submitted by … Read more
INEOS will invest £ 1 billion in several projects in the UK to ensure that its British assets remain world class over a generation. The biggest investment being announced is in the Forties Pipeline System (FPS). This investment of £ 500 million will transform the asset and extend the pipeline’s life into the 2040s. INEOS … Read more