INEOS Technologies selected to supply leading technologies to QINGDAO HAIJING
CHEMICAL (Group) Co. LTD for the production of Vinyl Chloride Monomer and
Suspension Polyvinyl Chloride 青島海晶化工
QINGDAO HAIJING CHEMICAL (Group) Co. LTD has selected INEOS Technologies Vinyl
Chloride Monomer (VCM) and Suspension Polyvinyl Chloride (S-PVC) technologies
for a project at its new site located at Dongjia-kou Port Industrial Zone、
Qingdao、 People’s Republic of China. 青島港董家口港区
The 400 ktpa VCM plant features production of VCM by pyrolysis of Ethylene
Dichloride (EDC). The EDC will be produced using high and low temperature
chlorination and INEOS’s unique two stage fixed bed oxychlorination process.
The 300 ktpa S-PVC plant will produce a full range of suspension PVC grades from VCM using INEOS Technologies suspension process、 including the use of INEOS
Technologies proprietary PVC additives and recipes.
The two plants、 forming part of a broader petrochemical complex、 are scheduled
to start-up in 2013.
Peter Williams、 CEO INEOS Technologies、 stated: ”We are delighted to welcome
Qingdao Haijing into our family of licensees. Qingdao Haijing has set a very
clear strategy to become a leading Vinyls player in China using best in class
technologies for safety、 ease of operation、 product range and environmental
impact. We look forward to contributing to a very successful project”.
Mr Li Ming、 Chairman of the Board of QINGDAO HAIJING、 commented: “The Qingdao
Haijing project is a very important step for the Haiwan Group’s Production and
Growth Plan. In order to be competitive in the PVC market、 Qingdao Haijing
performed a rigorous selection process and chose the most advanced technology
available. Qingdao Haijing's cooperation with INEOS Technologies is just
beginning. INEOS Technologies VCM and PVC technologies proved to be the safest、
most environmental friendly and most efficient processes.”
Notes to Editors:
Qingdao Haijing Chemical Group Ltd (originally named Qingdao Chemical Factory)
was formed in 1947. Through its more than 50 years of industrial experience、
Qingdao Chemical Factory developed into a large Class II national firm. In
September 1999、 the Factory became Qingdao Haijing Chemical Co.、 Ltd、 a
subsidiary of Qingdao Kailian (Group) Co.、 Ltd.
Their main products include polyvinyl chloride、 chlorinated polyethylene、
caustic soda、 chlorhydric acid、 liquid chlorine、 iron trichloride、 and other
organic and inorganic products. These products are very popular in China. Some
have been exported to foreign markets. The company is one of China's important
suppliers of basic chemicals. Its main products are caustic soda
12、000tons/year、 PVC resin 80、000tons/year、 chlorinated polyethylene
12、000tons/year、 liquid chlorine 60、000 t/a、 chlorhydric acid 240、000 t/a.
The new manufacturing site will be located at Dongjiakou Port Industrial Zone、
Qingdao、 People’s Republic of China. Qingdao is situated in Shandong Province、
approx. 550km South East of Beijing. This new site will increase the company’s
total VCM and PVC production capability and represent a yearly sales volume of
3.6 billion RMB.
INEOS Technologies is a leading developer and licensor of chemical technologies、
catalysts、 additives and components. INEOS Technologies is part of the INEOS
group of companies – one of the world’s largest petrochemical companies.
In the vinyls sector、 INEOS Technologies is the leading Licensor with over 45
years experience in the field through its founder companies. It has over 125
licensed facilites in the world operating its technologies for a total of above
21 million tons、 and 3 million tons of capacity under design or construction.
INEOS is also the leading vinyls producer in Europe.
INEOS Technologies’ complete portfolio of leading licensed technologies
- Vinyls – technologies for the production of EDC、 VCM and PVC
- BICHLOR – membrane electrolyser technology for chlor alkali production
- Innovene PP – gas phase technology for the production of polypropylene
- Innovene S – slurry technology for the production of mono and bi-modal HDPE
- Innovene G –swing gas phase technology for the production of LLDPE and HDPE
- Nitriles – technology for the production of acrylonitrile and maleic anhydride
Prospects dim for preserving PVC chain at Porto Marghera and Porto Torres / Hope
The death knell appears to have been sounded for Italy’s PVC production at Porto
Marghera、 near Venice、 and Porto Torres on Sardinia. The period of
“extraordinary administration” for Vinyls Italia (Porto Marghera)、
the former Ineos subsidiary、 will end on 8 September without a buyer on the horizon. All
talks about a viable way forward for the two sites evidently have fallen victim
to the country’s economic and energy realities and、 ultimately、 petrochemicals
giant Eni’s plan to withdraw from chlorine production. If no surprises occur、 the
vinyls activities are likely to be wound down、 ending a drama that has played out for at least half a decade.
Even the trade unions、 long at the forefront of efforts to save Italy’s
petrochemicals and plastics industry、 seem to be convinced that there is nothing
more that can be done. A weak ray of hope for Porto Marghera may exist.
According to Salvatore Barone、 industry manager at the Italian general labour
confederation CGIL (www.cgil.it)、 there is interest in locating other、 non
chlorine-related production there. If these plans do not pan out、 Barone said
local authorities must find new owners for the Eni-owned industrial property.
At Ravenna、 another Vinyls Italia site、 the protracted talks with the wholly
family-owned Industrie Generali (IGS、 Samarate / Italy) and Italy’s ministry for
economic development are continuing. CEO Roberto Castiglioni told national media that
his company is still analysing feedstock supply at the site to which it only
gained access in May.
Eni、 linchpin in any deal involving chemicals in Italy、 in the end may play a
role in the “greening” of the sector、 which in the past several years has
dwindled to a fraction of its earlier importance. In June、 it outlined plans for
its new bioplastics hub at Porto Torres in a 50:50 joint venture with leading
bioplastics producer Novamont. The group has told the economics ministry that
this could absorb some of the workers made redundant in the shutdown of
petrochemical activities – including the 250、000 t/y cracker owned by Eni
subsidiary Polimeri Europa. However、 the
environmental group IRS、 which uncovered chemical contamination in the Gulf of Asinara
surrounding Porto Torres that eventually led to the indictment of four company
managers said it has “major
doubts” that the “green” project will help to protect or create jobs at the
Eni in supply agreement for Ravenna PVC
Sale said to be imminent
Vegetable oils at Porto Marghera?
Italy’s government and trade unions are making slow but visible progress towards
securing the future of the Vinyls Italia production sites formerly owned by
Ineos. The best news for Italian workers is that energy and petrochemicals
conglomerate Eni has agreed to supply the feedstock necessary to restart PVC
production at Ravenna under new owner
According to Italian reports、 the sale to IGS
is due to close today、 26 October. After two years of uncertainty、 however、 the
trade unions say members are not holding their breath.
The expected new owner of the Ravenna site says it will recommence PVC
production by the end of 2011、 with output averaging
140、000 t/y for the first year. Disputes with the Eni group over
feedstock were one of the reasons for Ineos backing away from its Italian
operations and for the long delay in selling the assets.
At Vinyls’ Porto Torres (Sardinia) site、 a joint venture of Eni subsidiary
Polimeri Italia and Italy’s leading bioplastics producer Novamont is to build a
EUR 500m bio-based chemical complex
Tentative plans for a third location、 the
former headquarters of Vinyls Italia at Porto Marghera、 are being drawn up –
subject to approval by the site’s owner、 Eni subsidiary Syndial. Far removed
from the traditional petrochemicals orientation、 Oleificio Medio Piave would
produce flour and vegetable oils from oilseed. This would at least guarantee the
site’s 120 jobs.
Oleificio Medio Piave
flour and vegetable oils
Bio-based chemical complex
June 23、 2011
Polimeri Europa、 Novamont to invest $700M
in bio-based product complex in Italy
In Italy、 Polimeri Europa and Novamont announced a new
50-50 joint venture、 Matrìca、 which will design、 build and manage a
bio-based chemical complex in Porto Torres、 at a cost of $700 million. The
complex will consist of seven new plants using oil feedstock for the
production of bio-plastics、 bio-lubricants and bio-additives for elastomers、
and a research center.
The research center is expected to be in operations next quarter、 while the
plants are to be completed in the next 6 years.
Published on 26.10.2011
Vinyls Italia plant in Ravenna acquired
PVC production to resume in mid-October
After two years in administration、 there appears to be good news for
the Ravenna PVC plant of Vinyls Italia and proof
that Italy’s vinyls activities are not dead . Reports indicate that
Industrie Generali spa – via its CO.EM subsidiary – has signed a contract
to take over the plant. The transaction reportedly has received the unions’
Start up of PVC plant in Ravenna
Industrie Generali will re-start the PVC production in Ravenna within year
The site formerly owned by Vynils ( INEOS ) has been assigned to Industrie
Generali by the high commissioner appointed by the Italian Government
The output will be 140.000 mTons for the first 12 month of production
IGS plans to invest EUR 10m in the short term to get the plant up and running
again. According to CEO Roberto Castiglioni、 production is set to begin within
the next 30-40 days. The group initially plans to hire 34 employees、 a number
that is expected to rise to a total of 50 in the course of the next six months.
Italian media reports assert that IGS plans to raise the plant’s existing
140、000 t/y capacity to 200、000 t/y.
The acquisition significantly changes IGS’ business activities. Until now、 the
company、 which has capacity to compound 20、000 t/y of polymer in Vanzaghello、
was mostly active in the distribution business. In 2009、 IGS distributed some
95、000 t of plastics – including PVC compounds、 HDPE、 LDPE、 PP homopolymers and
plasticisers as well as BOPP film. The materials are procured from Arkema、 BASF、
Carmel Olefins and Hellenic Petroleum、 among others.
With its own PVC production、 IGS has moved to an entirely different league、
becoming self-sufficient with regard to feedstock supply for PVC compounds. “We
have no problem compounding these feedstocks and selling them、” Castiglioni is
quoted across Italian media.
26 September 2012
INEOS Europe AG announces a
new agreement to source Ethane from the USA for import into Europe via the
Sunoco Logistics、 L.P. operated Mariner East project.
US ethane will provide
INEOS with an attractive source of feedstock for its European cracker
complexes for the foreseeable future.
INEOS Europe AG has today
announced that it has completed supply and infrastructure agreements that will
secure a significant volume of ethane feedstock from the US、 for use in its
European cracker complexes.
The company has agreed to a long term deal with Range Resources - Appalachia、
LLC for the lifting、 of ethane from the Marcus Hook
Facility from 2015 The agreement is effective upon Federal Energy
Regulatory Commission (FERC) approval of the Mariner East project . Range
Resources is one of the leading US independent upstream companies.
David Thompson、 Procurement & Supply Chain Director at INEOS Olefins & Polymers
Europe says: “The supply deal with Range Resources complements our portfolio of
feedstock agreements for our European crackers and will strengthen our
competitive position as an ethylene producer in Europe for the foreseeable
INEOS has also finalised Pipeline Transportation Services and Terminal Services
Agreements for the shipping of ethane from Houston、
Pennsylvania、 to Marcus Hook、 Pennsylvania、 with
subsidiaries of Sunoco.
The agreements will be valid for a duration of 15 years and will provide INEOS
Olefins & Polymers Europe with significant supply options for the future.
It is expected that when completed、 the Mariner East Project will transport
approximately 70、000 barrels per day of ethane and propane
from Houston、 Pennsylvania to the Marcus Hook terminal facilities.
Ethane will then be separated by fractionation and
held in storage ready for shipment to Europe. It is expected that ethane from
the Mariner East Project will become available during the first half of 2015.
Commenting on these well timed significant agreements、 David Thompson says:
“INEOS can now position itself as an attractive customer for upstream companies
with interests in the Marcellus、 Utica and Upper Devonian gas formations. We
will provide these companies with a credible option to diversify sales and
supply ethane into our downstream cracker complexes in Europe”.
Note to Editors
INEOS Olefins & Polymers Europe (http://www.ineos.com/bus_ole_int.html) operates
as a business unit within Ineos Europe AG and holds a pivotal position in the
European market、 both as a top tier manufacturer and leading industry supplier
to the market. Our olefins portfolio in Europe is built around four key
integrated cracker and derivative complexes:
1. Grangemouth、 United Kingdom
2. Köln、 Germany
3. Lavéra、 France (called Naphtachimie – a 50:50 joint venture between INEOS &
4. Rafnes、 Norway
Our Polyolefins capabilities position the business in Europe as a top tier
manufacturer and leading industry supplier to the PE and PP market.
The Mariner East Project is a pipeline、 processing
and terminalling project that will interconnect the natural gas liquids
resources in southwest Pennsylvania to Sunoco’s existing infrastructure and
international port at its Marcus Hook facility near Philadelphia.
seek to sell its Philadelphia and Marcus Hook refineries
Two other refineries
in the region that recently changed ownership - the former Sunoco refinery
now known as Philadelphia Energy Solutions and the Delta Air Lines refinery
in Trainer - both envision using Marcellus gas to reduce their costs.
Range Resources Corporation
is a leading independent oil and natural gas producer with operations focused in
Appalachia and the southwest region of the United States. The Company pursues an
organic growth strategy targeting high return、 low-cost projects within its
large inventory of low risk、 development drilling opportunities. The Company is
headquartered in Fort Worth、 Texas. More information about Range can be found at
http://www.rangeresources.com/ and http://www.myrangeresources.com/.
Sunoco Logistics Partners L.P. (http://www.sunocologistics.com/ ) is
headquartered in Philadelphia. The company owns and operates a logistics
business consisting of a number of complementary pipeline、 terminalling and
crude oil assets. The group owns approximately 5、400 miles of crude oil
pipelines、 located principally in Oklahoma and Texas. It also owns approximately
200 crude oil transport trucks and approximately 120 crude oil truck unloading
facilities. It has approximately 42 million barrels of refined products and
crude oil terminal capacity (including approximately 22 million shell barrels of
capacity at the Nederland Terminal on the Gulf Coast of Texas and approximately
5 million shell barrels of capacity at the Eagle Point terminal on the banks of
the Delaware River in New Jersey). The company’s Refined Products Pipelines
segment consists of approximately 2、500 miles of pipelines located in the
northeast、 midwest and southwest United States、 and equity interests in four
other refined products pipelines.
Former Sunoco refinery in
Marcus Hook will process Marcellus Shale products
Sunoco Inc. announced Wednesday that its shuttered Marcus Hook refinery would be
reborn as a facility to process Marcellus Shale natural-gas products、 fueling
new construction and traffic through the Delaware River port.
Sunoco's pipeline subsidiary、 Sunoco Logistics Partners
L.P.、 is moving forward with a plan to transport
high-value propane and ethane by pipeline from Western Pennsylvania to Marcus
Hook、 where the materials will be processed in a new plant and shipped by
sea to domestic and export markets.
State officials hailed the project -- which Sunoco calls
Mariner East -- as a boost for Pennsylvania's Marcellus Shale industry by
connecting the areas producing natural gas in Western Pennsylvania to markets
linked to Philadelphia.
"I have long held that the Marcellus Shale is an important resource that over
time would benefit the entire commonwealth、" Gov. Corbett said in a statement.
The pipeline project is the latest industrial venture built on confidence that
the Marcellus Shale、 where full-scale production began barely four years ago、
represents a long-term reliable energy supply.
Sunoco Logistics announced the Mariner East project in 2010 as a way to
repurpose an underused Sunoco pipeline that historically moved refined
products from east to west.
Sunoco Logistics and its partner、 MarkWest Energy Partners L.P.、 conceived of
reversing the pipeline flow to move the abundance of natural-gas liquids derived
from the "wet" gas produced in Western Pennsylvania. MarkWest、 based in Denver、
is a leading processor of natural-gas liquids.
The Mariner East project envisions moving ethane and propane from Marcus Hook by
sea to petrochemical plants overseas or along the Gulf Coast that value the
natural-gas liquids as a raw material for plastics.
Range Resources Corp.、 the Marcellus pioneer whose
drilling operations are concentrated in liquids-rich parts of southwestern
Pennsylvania、 has signed a 15-year agreement as the anchor shipper. Range has
committed to provide 40、000 barrels of the project's 70、000-barrel-per-day
Range、 based in Fort Worth、 Texas、 has lined up a customer for its ethane. It
announced Wednesday that it had signed a separate 15-year
agreement with affiliates of INEOS A.G.、 a Swiss petrochemical producer
that will take delivery of the material at Sunoco's Marcus Hook docks. INEOS has
plants in Europe、 the Americas、 and Asia.
The Mariner East project is one of several ventures that have been competing to
capture a share of the valuable ethane market.
Sunoco Logistics and MarkWest also teamed on a project called
Mariner West、 which is converting a pipeline to
ship ethane from Western Pennsylvania to a petrochemical
plant in Sarnia、 Ontario.
Enterprise Products Partners L.P. is moving ahead with a pipeline to move ethane
overland from Appalachia to Texas.
And Shell Chemical L.P. announced in March that it had selected a site in Beaver
County to build an "ethane cracker" by 2017 to convert the material into
petrochemicals in Pennsylvania.
Mariner East is expected to be transporting propane by the second half of 2014
and delivering propane and ethane in the first half of 2015. Construction will
employ about 450 people.
Sunoco Logistics is investing $600 million in the two Mariner projects、 company
spokesman Thomas P. Golembeski said.
Industry officials suggest the Mariner East project may be only the beginning.
Sunoco Logistics said that based on the "significant interest" it had received
from producers and industrial customers of liquids、 it was already evaluating a
second "open season" to expand the pipeline's capacity.
Range Resources、 a major shipper on all three ethane pipelines、 said its 15-year
commitments still represented only 30 percent of the one billion barrels of
natural-gas liquids in its reserves in southwestern Pennsylvania.
Jeff Ventura、 Range's president and chief executive、 said the Mariner East
project could "help to serve as a building block for the potential expansion of
the region's petrochemical industry."
It also will bring new supplies of propane into Northeastern markets、 where it
has broad residential and industrial applications.
As part of the pipeline project、 which requires approval by the Federal Energy
Regulatory Commission、 Sunoco Logistics will construct a pipeline from
MarkWest's processing complex in Houston、 Pa.、 to the existing Sunoco pipeline
in Delmont、 Pa. MarkWest separates the ethane and propane from natural gas
through a supercooling process that converts the material into liquids.
The pipeline will move the liquids to Marcus Hook、 where Sunoco Logistics will
construct facilities to process、 store、 chill、 and distribute the fuels to
regional and overseas markets.
MarkWest this year started delivering propane to Marcus Hook by rail for export.
Local and state officials have promoted the Marcus Hook facility as a regional
"energy hub" since Sunoco shut down the petroleum refinery there in December.
Two other refineries in the region that recently changed ownership -- the former
Sunoco refinery now known as Philadelphia Energy Solutions and the Delta Air
Lines refinery in Trainer -- both envision using Marcellus gas to reduce their
September 7、 2011
Sunoco Logistics Partners
L.P. announces successful open season for Project Mariner West
Sunoco Logistics Partners L.P. today announced that it had a successful open
season for Project Mariner West. Sunoco Logistics received binding commitments
that enable the project to proceed as designed with an initial capacity to
transport approximately 50、000 barrels per day and the ability to expand to
support higher volumes as needed.
Mariner West is a pipeline project developed jointly by Sunoco Logistics and
MarkWest Liberty Midstream & Resources、 LLC、 a partnership between MarkWest
Energy Partners、 L.P. and The Energy & Minerals Group. The project will deliver
ethane from the liquid-rich Marcellus Shale processing and fractionation areas
in Western Pennsylvania to the Sarnia、 Ontario petrochemical market.
Together with Mariner East、 a previously announced
Sunoco Logistics/MarkWest Liberty pipeline and marine project developed to
transport ethane produced in the Marcellus to the US Gulf Coast and
International markets、 these projects provide Marcellus producers with a
comprehensive ethane takeaway solution for the Marcellus Shale basin.
“We are pleased to announce a successful open season for Mariner West、” said
Lynn L. Elsenhans、 chairman and chief executive officer. “We received binding
commitments that enable this project to move forward. The project is underway
and is scheduled to be operational by July 2013. In addition、 we look forward to
continuing to work on the Mariner East project and expand our relationship with
MarkWest Liberty. We believe our existing infrastructure and the ability to
reach multiple market destinations provide a cost-efficient and flexible
solution to transport additional Marcellus Shale ethane production.”
China Shenhua Coal to
Chemical Xingjiang Coal Chemical Company has been selected INEOS Technologies'
Innovene PP process for their new project in Xinjiang Uyghur Autonomous Region、
INEOS Technologies is pleased to announce that it has licensed its
Innovene PP Process for the manufacture of homopolymers、 random
copolymers and impact copolymers to China Shenhua Coal to
Chemical Xingjiang Coal Chemical Company、 a subsidiary of
China Shenhua Group Corporation Limited located
in Urumqi City、 Xinjiang Uyghur Autonomous Region of China.
The 450 KTA Innovene PP plant、 downstream from a
MTO unit、 will produce a wide range of polypropylene products to serve the
growing PP market in China.
Peter Williams、 CEO of INEOS Technologies、 commented: "INEOS Technologies is
very proud of the fact that China Shenhua Group Corporation Limited has again
chosen INEOS technology platform for the development of its polypropylene
In early 2012、 Shenhua’s
Coal to Olefins business chose Innovene PP technology for their second MTO
complex to be built by a subsidiary、 Yulin Coal Chemical Company in Yulin city
of Shaanxi Province.
INEOS and Sinopec initial
agreements to form 1.2 million tonne cumene、 phenol and acetone Joint Venture to
be based at the Nanjing Chemical Industrial Park in Jiangsu Province、 China.
China Environmental Impact Assessment (EIA) approval from relevant Chinese
government authority is a major step forward for project to build the largest
Phenol facility in China.
INEOS Phenol and Sinopec Yangzi Petrochemical Company (Sinopec YPC) have today
initialled joint venture agreements for the design、 build and future operation
of a 1.2million tonne cumene、 phenol and acetone complex at the Nanjing Chemical
Industrial Park in Jiangsu Province、 China. It is currently expected that the
project will be completed by the end of 2015.
The partnership will benefit from Sinopec’s local feedstock advantages and
cumene technology and INEOS’ proprietary phenol technology. The annual capacity
of the new facility will be at least 400、000 tonnes of
phenol and 250、000 tonnes of acetone making it the largest plant of its
kind in China. The facility will also include 550、000 tonnes/year of cumene
capacity. Together、 with the corresponding infrastructure、 the Joint Venture
will be the largest capital investment ever undertaken by INEOS in China and
opens new opportunities for the company to meet the needs of the rapidly growing
The location of the plant in Nanjing、 Jiangsu Province places it at the centre
of China's largest market for both phenol and acetone. Following the completion
of this project INEOS Phenol will further strengthen its leading position and
will be the only company to have global manufacturing capability、 with phenol
and acetone production in Europe、 the USA、 and Asia.
In November 2012 INEOS Phenol and Sinopec YPC received approval of their
Environmental Impact Assessment from Environmental Protection Bureau of Jiangsu
Province to proceed with the proposed project to build the facility. The
Ministry agreed that the proposed project is in accordance with national and
local industrial policy in the Jiangsu Province. The approval of the EIA
followed a detailed analysis and evaluation of the overall safety、 health and
environmental impact of the project. This EIA approval and the initialled joint
venture agreements are a major step towards the formation of the Joint Venture.
“The project is the largest capital investment ever undertaken by INEOS and will
establish the largest Phenol facility in China. This mutually beneficial
partnership is an important development for INEOS Phenol and for INEOS in China.
Combining a strong、 local partner like Sinopec YPC with our phenol technology
and access to the market brings considerable value to our business and to our
customers、” said Harry Deans、 CEO of INEOS Phenol.
“I am pleased that we have agreed and initialled the Joint Venture with INEOS.
This important partnership is consistent with Sinopec’s strategic focus on
integration and growth. Our established presence、 competitive edge and cumene
technology、 combined with INEOS’ leading phenol technology、 puts us in a strong
position to meet growing demand for downstream petrochemical products、 in the
region.” said Dr Ma Qiulin、 CEO of Sinopec YPC.
INEOS Phenol is the world’s largest manufacturer of phenol and acetone with
sites in Germany、 Belgium、 and USA (Alabama). China is the world's fastest
growing market for phenol and acetone and Sinopec is China's leading producer of
phenol and acetone with three production sites in Shanghai、 Beijing、 and
European Plastics News 2013/5/1
Ineos said to be close to hiving off
Chemical giant Ineos is looking to
transfer the Kerling chlor-vinyls business to an
unnamed party to create a new joint venture、
according to media reports.
Chemical Week said Ineos was at an
“advanced stage of discussions” over the deal.
Ineos declined to comment when contacted by
European Plastics News.
Kerling is one of Europe’s largest producers
of PVC and was established by Ineos in 2010.
In 2011、 Kerling acquired Tessenderlo Group’s
European chlor-vinyls business for a consideration of €110m (£93m) cash.
According to Chemical Week、 Kerling
hopes to announce the name of its proposed partner and the terms of the
transaction within the next few weeks.
INEOS Nitriles and Tianjin Bohai Chemical
Industry Group Corporation sign Heads of Terms to create a 50/50 Joint Venture
to build a 260、000 tonne Acrylonitrile plant in the Tianjin Chemical Industrial
Park in Tianjin Municipality、 China.
The investment positions INEOS Nitriles as the only producer to have plants in
each of the world’s largest Acrylonitrile markets、 and reinforces its position
as the biggest producer in the world.
This is the second project INEOS has announced in China in recent months.
Combined、 the two JV projects account for a total investment from all partners
of more than $1 billion.
INEOS Nitriles and
Tianjin Bohai Chemical Industry Group Corporation天津渤海化工集団 have today signed
a non binding Heads of Terms、 setting out their intention to establish a
50/50 Joint Venture、 to build and operate a world
scale Acrylonitrile plant to be located in Tianjin、
China. It is expected that the plant、 which will be designed using the latest
INEOS process and catalyst technology、 will be completed by the end of 2016.
The initial annual capacity of the new facility will be
260、000 tonnes of Acrylonitrile with an expectation of possible future
expansion、 in line with growing demand across Asia.
The final agreement is subject to confirmation of satisfactory project costs and
conclusion of discussions with the local authorities.
The partnership will benefit from Tianjin Bohai Chemical’s operating capability、
local feedstock advantages and proximity to derivative growth markets. INEOS
will provide commercial expertise and production ‘know-how’、 as well as its
proprietary Acrylonitrile process and catalyst technology.
Located in Tianjin、 the new plant will be well positioned close to one of the
most rapidly growing centres of China's Acrylonitrile demand、 with easy access
to customers throughout Asia.
“This is the second Joint Venture project INEOS has announced in China this
year.” said Jim Ratcliffe、 Chairman of INEOS. “In March
INEOS Phenol initialed a joint venture agreement with Sinopec YPC for the
design、 build and operation of a 1.2 million tonne cumene、 phenol and acetone
complex at Nanjing. Both Joint Ventures bring together our world leading
technology with a strong Chinese partner. They will add up to a total investment
across all partners of more than $1 billion.”
The Joint Venture with Tianjin Bohai Chemical reinforces INEOS’ commitment to
serve its Acrylonitrile customers globally by extending production to cover
Asia、 the world’s fastest growing market. The investment positions INEOS as the
only producer in the world to have capacity in each of the world’s largest
“This is an important investment for the Nitriles business in Asia to support
our customers’ growing needs across the region、” said Rob Nevin、 CEO of INEOS
Nitriles. “We are very pleased to be building this new facility with Tianjin
Bohai Chemical through the formation of the Joint Venture. Our partnership is
set to bring considerable value to both companies and their customers. Bringing
together our proprietary Acrylonitrile technology、 with Tianjin Bohai Chemical’s
expertise and advantaged feedstocks、 presents a formidable combination.”
Tianjin Bohai Chemical Industry Group Corporation is a large scale、 well
established chemicals company based in Tianjin (China). The Group had sales of
over $11 billion (2012). The company markets a wide range of products including
propylene and Acrylonitrile Butadiene Styrene (ABS).
“I am very pleased that we have reached an agreement with INEOS. This important
partnership is consistent with Tianjin Bohai Chemical’s strategic focus on
integration and growth、” said Chairman Mr Zhao Lizhi of Tianjin Bohai Chemical.
“The Joint Venture further develops our upstream and downstream integration.
Combined with INEOS’ leading Acrylonitrile technology、 the JV puts us in an
advantaged position to meet growing demand for petrochemical products、 in the
Tianjin region、 across China、 and in Asia.”
Acrylonitrile is used as a raw material for the production of synthetic fibres、
engineering plastics (ABS、 Acrylonitrile Butadiene Styrene)、 carbon fibre、
synthetic rubber and water soluble polymers. These products are used in a very
diverse range of end use markets、 such as textiles、 automotive components、
building and construction materials、 household appliances、 electronic equipment、
sporting goods、 water treatment and oil & gas production.
INEOS Nitriles is a part of INEOS Group Holdings S.A.
27 May 2013 INEOS
INEOS Barex AG has entered into an agreement
to acquire the Mitsui Polyacrylonitriles Business including PAN resin and Zexlon™
INEOS Barex AG has entered into an agreement to acquire the Mitsui
Polyacrylonitriles Business including PAN resin and Zexlon™ film from Mitsui
This agreement allows Mitsui Chemicals Inc.
to secure a long term supply of polyacrylonitrile for its current customers as
it transfers ownership of the business to INEOS Barex AG.
INEOS is committed to the sustained growth of the Barex® and Mitsui PAN resin
and Zexlon™ film businesses. This agreement supports long term strategic goals
and immediately gives the company a more significant presence in Asia.
CEO David Schmidt says: ”The transfer of this business to INEOS Barex AG
provides a very close strategic fit. The proposed agreement is good news for all
parties involved. Most importantly、 it will provide significant benefit to
customers through ongoing、 reliable access to Barex ®、 PAN resin and Zexlon™
Polyacrylonitrile resins are inert products manufactured by Mitsui Chemicals
Inc. under license、 at its Nagoya works. Film and sheet applications include
pharmaceutical and medical packaging to in the Asia Pacific region.
INEOS is the leading supplier of polyacrylonitrile co-polymers、 sold under the
Barex® Trademark、 primarily in the European and North American Market. The
company is committed to the long-term growth of its Barex® business and
continues to invest in its plant、 personnel and products、 securing future
business growth. INEOS Barex products are substitutes for Mitsui PAN resin
Zexlon film products.
On completion of the deal、 INEOS will immediately take over responsibility for
sales and marketing to all Mitsui PAN resin and Zexlon™ film customers and will
work closely with them to obtain necessary approvals and make the transition to
INEOS Barex products. Mitsui production will be continued for sufficient time
for approvals to transition to INEOS Barex products. The deal comprising the
sales、 marketing、 and supply of PAN resin and Zexlon™ film is expected to be
completed on August 1、 2013.
CEO David Schmidt says: “The transfer of this business to INEOS Barex AG
provides a very close strategic fit. The proposed agreement is good news for all
parties involved. Most importantly it will provide significant benefit to
customers through ongoing、 reliable access to Barex ®、 PAN resin and Zexlon™
INEOS Barex AG continues to invest in its Barex® business to enhance product
quality and expand available capacity to meet the growing needs of new markets
in pharmaceutical、 medical、 cosmetic、 and personal care packaging.
Barex® is a specialized acrylonitrile-methyl acrylate co-polymer that has both
US Pharmacopeia and FDA clearances for medical and pharmaceutical packaging. The
chemistry behind Barex® makes it readily convertible into film、 sheet and
bottles on standard equipment using extrusion、 injection and calendaring
Barex® resins provide chemical resistance essential for packaging aggressive
active ingredients that need to stay inside the packaging while also providing
excellent oxygen barrier properties.
INEOS Barex AG is a part of INEOS AG.
INEOS Barex manufactures a specialized acrylonitrile-methyl acrylate co-polymer;
Barex® has established a strong position within the global packaging industry
due to its unique performance characteristics. It offers exceptional oxygen
barrier protection and chemical resistance combined with strength、 impact
resistance、 and processing versatility. Its versatility makes it readily
convertible into bottles、 blown film、 sheet and moulded parts.
Barex® can be processed through traditional extrusion、 injection and calendering
techniques and is easily thermoformed. Because of its exceptional strength、
Barex® can also match the stiffness of other resins at reduced thickness、
allowing for source reduction as well as lighter packaging、 which can translate
into substantial cost savings to the end-user.
Consumer appeal is one of the most exciting characteristics of Barex®. Barex®
offers the design flexibility to create individualized packages that attract the
attention of shoppers everywhere.
INEOS Barex manufacturing is based in Lima、 Ohio. After being developed
in-house、 it was introduced commercially in 1975. As a new product、 Barex®
initially found widespread use in packaging processed meat、 correction fluid、
gasoline additives and agrochemicals. Since then、 its use has expanded to an
ever-widening range of challenging packaging applications such as medical and
pharmaceutical、 personal care products、 cosmetics and premium fruit juice
beverages. In addition to the production facility in Lima、 sales and technical
offices are found in Delaware、 Texas、 and Switzerland.
10 June 2013 INEOS
INEOS Styrenics is to close Expandable Polystyrene plant at its Marl facility at
the end of 2013.
INEOS has today announced its intention to close production of Expandable
Polystyrene (EPS) at its Marl site in Germany、 at the end of Q4 2013.
Discussions will now begin with employees and the Works Council to find
alternative roles for the 65 people affected by this decision.
Expandable Polystyrene is mainly used in the insulation of buildings. As the
European construction sector has suffered from adverse economic conditions、
demand for EPS products has reduced.
Operating costs of the EPS plant have also been
affected by the recent closure of the styrene monomer and polystyrene units at
Marl. The loss of the styrene monomer and polystyrene units removed a number of
operating synergies at the Marl site which left the EPS unit with an
unsustainable fixed cost base and a weaker styrene monomer supply position.
The decision to close the Marl EPS plant follows a full and detailed review of
the EPS business、 which has highlighted the need for INEOS Styrenics to optimise
its production capacity across its three remaining facilities. This will improve
the cost efficiency of its business、 as it continues to meet its customer needs
in a highly competitive European market.
INEOS Styrenics remains committed to our EPS business. Following the closure of
the Marl unit、 it will continue to be one of the largest producers of EPS in
Europe with 350 ktpa total capacity. From the end
of the year it will supply high quality EPS products from production sites
in Breda (The Netherlands)、 Ribecourt (France) and Wingles
INEOS Technologies license its Innovene S Process for the manufacture of medium
density and high density polyethylene to CNOOC
INEOS Technologies is pleased to announce that it has licensed its Innovene S
Process for the manufacture of medium density and high density polyethylene to
CNOOC Oil and Petrochemical Company Limited for its
cracker complex located in Huizhou City、 Guangdong
Province of China.
中海シェル石油化学(CNOOC and Shell Petrochemicals)
HDPEは CNOOC 単独？
The 400 KTA Innovene S
HDPE plant will produce a wide range of polyethylene grades to serve the
growing HDPE demand in China. These grades include commodity grades made from
Ziegler and Chrome catalysts as well as specialty grades such as bimodal PE 100
Peter Williams、 CEO of INEOS Technologies、 commented: "INEOS is delighted to
have been selected by CNOOC as its licensing partner for the HDPE plant at
Huizhou. We look forward to working with the CNOOC team to deliver an asset that
will meet fully both the current and future requirements of CNOOC’s customers".
July 19、 2013
Oriental picks Ineos PP technology for new China project
INEOS Technologies announced that it has been chosen to provide the
Innovene PP process to
Oriental Energy Company Limited 東華能源 based
in Nanjing for its subsidiary、 Ningbo Fuji Petrochemical
Company Limited. 寧波福基石化
The unit、 to be built in Ningbo、 Zhejiang Province、 will take propylene from the
upstream propane dehydrogenation process（C3 1、320千トン）
and produce 400kta of polypropylene resins
including homopolymers、 random copolymers and impact copolymers.
“Oriental Energy Company is embarking on an ambitious expansion program what
would make it one of the major players in the market for olefins and polyolefins
in China. We are pleased that the company has chosen to select us as technology
provider to serve the important Eastern China market.
The Innovene PP process is ideal for this facility as it provides proven
technology and products already widely accepted in the China market”、 commented
Peter Grant、 Business Director of INEOS Technologies.
INEOS Olefins & Polymers USA signs MOU with
Sasol for High-density Polyethylene Joint Venture
INEOS Olefins & Polymers USA (INEOS) and Sasol
announced today the signing of a Memorandum of Understanding (MOU) with the
intent to form a joint venture to manufacture high-density polyethylene (HDPE).
“This joint venture demonstrates INEOS’s continued commitment to the HDPE market
and to growing end-use applications that benefit from bimodal technology. It
enables two global companies to integrate with each partner’s upstream
businesses the leading bimodal slurry technology on a world-scale asset、” said
Dennis Seith、 CEO of INEOS Olefins & Polymers USA.
The envisioned facility would produce 470 kilotons per
annum of bimodal HDPE using Innovene™ S process technology licensed from
INEOS Technologies. The intention is to produce a limited number of grades
allowing high grade efficiencies.
“This partnership will leverage the expertise of two global players in the
chemical market. Together we will develop a world-scale HDPE plant which will
allow us to monetize ethylene and supply a high quality product. The joint
venture expands on our greater North American strategy and will complement the
products produced from the ethane cracker and derivatives project in southwest
Louisiana、” said André de Ruyter、 Sasol Senior Group Executive for Global
Chemicals and North American Operations.
Final investment decision is expected to be made in the first half of 2014 with
start-up of the plant expected at the end of 2015.
Sep 25、 2013 INEOS
INEOS and Sinopec break ground on the largest
phenol acetone plant in China
National Development and Reform Commission (NRDC)
gives approval for the 650、000 tonne phenol/acetone(フェノールが40万トン、アセトンが25万トン)
and 550、000 tonne cumene facility to be built in Nanjing.
INEOS’ largest investment in China due to
complete at the end of 2016.
INEOS Phenol and Sinopec Yangzi Petrochemical Company
(Sinopec YPC) have today broken ground on the
largest Phenol and Acetone plant to ever be built in China. The ground-breaking
ceremony for the 1.2 million tonne development was held in Nanjing Chemical
Industry Park (NCIP).
INEOS and Sinopec YPC have established a 50% / 50% joint venture company with a
total investment of approximately $0.5bn (RMB3.15 bn) which will generate annual
sales revenue of around $0.8 bn (RMB 4.9 bn). It is expected that the new plant
will be completed and operational by the end of 2016.
The project achieved regulatory approval by National Development Reform
Commission (NDRC) on the 27th August. In addition the Jiangsu
Province and Nanjing Municipal Government gave the green light to progress the
project and start building the plant.
The ground breaking ceremony was attended by Mr.Yang Weizhe、 the CCP Secretary
of Nanjing City; Mr.Ji Jianye、 the Mayor of Nanjing City; Mr Li Chunguang、
President of China Petroleum and Chemical Corporation; Mr.Wang Jingyi、 Chairman
and General Manager of YPC; Mr Harry Deans、 CEO of INEOS Phenol and Mr.Brian
Davidson、 Shanghai Consulate General of UK. Other officers from local government
also attended the ceremony.
The new Joint Venture partnership will benefit from Sinopec’s local feedstock
advantages and cumene technology alongside INEOS’ proprietary phenol
technology. The annual capacity of the new facility will be at least 400、000
tonnes of phenol and 250、000 tonnes of acetone. It will also include 550、000
tonnes/year of cumene capacity. Together、 with associated infrastructure、 the
Joint Venture will be the largest capital investment ever undertaken by INEOS in
China and opens new opportunities for the company to meet the needs of this
rapidly growing market.
“I am extremely pleased with the progress we have made over the summer which now
opens the way for us to build the largest Phenol facility in China. Working
together with Sinopec YPC we combine a strong、 local partner with INEOS’ phenol
technology. When completed we will have access to one of the world’s fastest
growing markets、 and this will bring considerable value to our customers. This
really is a mutually beneficial partnership that is an important development for
INEOS Phenol and for INEOS in China、” said Harry Deans、 CEO of INEOS Phenol.
“I am pleased to see the establishment of this important Joint Venture. I
strongly believe this new company presents significant value to both companies
and their customers in China. This partnership is consistent with the strategic
industrial refiorm in the Nanjing area、 and is consistent with Sinopec’s
strategic focus on integration and growth、 putting us in a strong position to
meet growing demand for downstream petrochemical products、 in the region、” said
Mr Wang Jingyi、 Chairman of YPC.
The location of the plant in Nanjing、 Jiangsu Province places it at the centre
of China's largest market for both phenol and acetone. Once completed、 the plant
will supply phenol/acetone to customers including on-site consumers. This
integration will strengthen and underpin the phenol/acetone derivatives industry
in what is the biggest chemical market in Eastern China. The Nanjing Chemicals
Industrial Park provides an excellent location with convenient waterway、 land
and railway transportation conditions.
Following the completion of this project INEOS Phenol will further strengthen
its leading position and will be the only company to have global manufacturing
capability、 with phenol and acetone production in Europe、 the USA、 and Asia、
with sites in Germany、 Belgium、 and USA (Alabama). China is the world's fastest
growing market for phenol and acetone and Sinopec is China's leading producer of
phenol and acetone with three production sites in Shanghai、 Beijing、 and
Phenol and acetone are important organic chemical intermediates. They are
widely used in the industries of phenolic resin、 caprolactam、 bisphenol A、
salicylic acid、 fibres、 plastic、 synthetic rubber、 pharmaceuticals、
agrochemical、 dyes、 coatings、 leather、 and epoxy resins.
23 October 2013 theguardian.com
Grangemouth plant shutdown leaves government fighting to save 800 jobs
Petrochemicals workers will lose their jobs after abrupt
closure、 with 2、600 refinery employees and contract staff at risk
The government is scrambling to save 800 jobs at the
Grangemouth petrochemicals site in Scotland after its owner、
Ineos、 abruptly closed the plant in a rancorous industrial dispute.
As the energy and climate change secretary、 Ed Davey、 said that "all efforts"
would be made to rescue the plant、 Ineos also refused to rule out closing the
oil refinery on the same site.
Workers were given the grim news at a meeting with Ineos's chairman、 Calum
MacLean. Ineos had given the workforce until Monday evening to accept its
demands for radical changes to terms and conditions but the company concluded
there was not enough support.
Its decision means that up to 800 petrochemicals workers will lose their jobs、
and it threatens the positions of some 600 or more employees at the refinery
plus 2、000 contract staff.
Staff reacted with shock to the news、 as Ineos followed through on its warning
that the threat of closure was not a bluff.
The fate of the giant plant on the Firth of Forth has far-reaching implications
for Scotland and the UK. Grangemouth is Scotland's biggest manufacturing
business、 its refinery supplies most of its fuel and the petrochemicals plant
produces plastics used in industries ranging from cars to packaging.
In an urgent question on Grangemouth in parliament、 Davey told MPs repeatedly
that the government wanted the plant to stay open if at all possible. It would
still consider a business case to provide investment to help keep the plant
"We will be using all our efforts through the [Business] department and UKTI [UK
Trade and Industry body] to assist should we need to have a buyer for the
petrochemical plant、" he said.
However、 Ineos has already warned that the refinery –
currently shut down because of the dispute – could be closed permanently if the
Unite trade union did not agree to a no-strike deal.
Davey also confirmed that detailed contingency plans had been drawn up to
protect firms and customers from running out of fuel and chemical supplies. He
met MPs later to discuss the issue in more detail.
Downing Street has insisted the closure of the Grangemouth refinery would not
pose a threat to fuel supplies、 after the AA warned it could hit petrol prices.
The prime minister said in an answer to a parliamentary question from the Labour
MP Tom Watson that ministers had discussed the closure during Cobra meetings.
Downing Street dismissed speculation that the plant could be nationalised、
saying it was a matter for unions and owner to resolve.
The prime minister's spokesman said it was disappointing that the
petrochemicals side of the plant had closed and called on "both parties" to
"continue their dialogue" over the future of the refinery.
The closure of the petrochemicals plant follows a standoff between Ineos and
Unite、 which represents about 1、100 of Grangemouth's permanent employees as well
as many contract workers. Many businesses – from the Rumbling Tum burger van
near the site to cab firms、 pubs and hotels – rely on trade from Grangemouth.
Gordon Alexander、 who owns Grange Radio Cabs、 said closure would devastate local
businesses. "Local shops and local snack bars would definitely go out of
business. We do a lot of executive work for them and if they were to close I
would probably lose about half of my 50 cabs."
Edmund King、 the president of the AA、 warned that petrol prices could rise if
Grangemouth and other European refineries closed down.
"The AA is concerned with the impact of this refinery closure、" he said. The
European commodity trading houses have been predicting the loss of five to six
refinery plants over the next two years.
"In March to April of last year、 with the closure of refineries and the
impending start of the US motoring season、 wholesale prices went up by 20%、
adding 8p to 10p to a litre of petrol. The spike was short-lived because US
drivers cut back and some of the refineries were bought. However、 the damage was
done and a new UK petrol record [142.48p a litre] was set."
The announcement follows the passing of a deadline on a survival plan put to
employees、 which asked them to accept changes to pensions and other terms and
The Unite union said about 680 of the site's 1、370-strong workforce had rejected
the company's proposals、 which include a pay freeze for 2014-16、 removal of a
bonus up to 2016、 a reduced shift allowance and ending of the final-salary
Ineos said its owner、 Jim Ratcliffe、 and other shareholders met on Tuesday to
study the response from the workforce to their survival plan、 and wanted the
employees to be the first to know of any decision the company made.
A dispute over pay and conditions at the oil refinery remains unresolved.
Unite has accused the company of "playing Russian roulette" with the future of
Grangemouth、 the biggest industrial site in Scotland、 and is backing any efforts
by the Scottish government to find a new buyer for the oil refinery and
Ineos sent a letter to workers last Thursday asking them to indicate their
rejection or acceptance of the plan.
It said those who supported the survival plan would receive a transitional
payment of up to £15、000.
The two sides have been embroiled in a bitter dispute for weeks、 initially over
the treatment of the Unite convener、 Stephen Deans、 who was involved in the row
over the selection of a Labour candidate in Falkirk、 where he is chairman of the
He was suspended、 then reinstated、 then was subject to an internal
investigation、 which is due to report on Friday.
The dispute has since widened to the future of the entire site、 with
Ineos warning that it would close without investment and
changes to pensions and other terms and conditions.
The company said the plant、 which has been shut down since last week because of
the dispute、 was losing £10m a month.
Ineos had said it was ready to invest £300m in Grangemouth、 but only if workers
agreed to the new terms.
View from the workforce
Gordon Stewart joined the chemicals business five months ago. He is a Unite
"I was attracted by a set of pay and conditions and I left a good job somewhere
else. They have explained that because of the union vote they are going to close
the petrochemicals side. They talked about finding a buyer but they were not
very hopeful because it's a distressed business. The assets on the chemicals
side probably will opening in the short term but further out it's not clear.
"Despite the union activity I still took it as a shock the way it has been done
so abruptly. It's as if it was preordained. I have put a lot of faith in the
union and I still hope they can do something about it but they may have acted
"Everyone will be affected: people contractually obliged working here and
businesses associated with the place. The way Calum MacLean walked in you could
tell what he was going to say before he started speaking. He was ashen faced."
Asked if there was any hope Ineos might negotiate: "I certainly hope so."
The Minister-President of Flanders、 Kris Peeters、 opens one million tonne
deep-sea ethylene terminal at INEOS Oxide、 Zwijndrecht、 Belgium.
The Minister-President of Flanders、 Kris Peeters、 has officially opened the one
million tonne、 deep-sea ethylene terminal
INEOS Oxide facility located close to Antwerp harbour、 Belgium.
The new deep-sea terminal、 which is at the heart of the second largest
Petrochemical region in the world、 is now fully operational
Capable of unloading shipments of ethylene from the world’s
largest ethylene vessels、 the terminal directly supplies the needs of
both those INEOS ethylene derivative plants located directly at the Antwerp site
and those which are connected along the ARG ethylene
pipeline、 which links Antwerp to Köln and the Ruhr industrial areas.
On opening the terminal、 Minister-President of Flanders、 Kris Peeters、 said:
"This new terminal gives a new strength to the petrochemical cluster in Antwerp、
which for the past fifty years has brought skilled jobs and prosperity to
Flanders. This investment shows that INEOS sees a future in Antwerp and is a
sign that the policy of Flanders is starting to bear fruit."
INEOS has a very large demand for ethylene、 supplied substantially by its own
production from several steam crackers across Europe. To balance the shortfall
the company has traditionally bought ethylene from other companies that sit on
the ARG pipeline. The new one million tonne deep sea terminal now presents an
opportunity for INEOS to import competitively priced
ethylene from around the world 、 thereby improving its flexibility.
Hans Casier、 CEO INEOS Oxide、 said: “This is a major step for INEOS. The new
terminal secures the competitiveness of our site and underlines the importance
of our production facilities in Antwerp、 located at the heart of the largest
Petrochemical area of Europe. By opening up access for us to world ethylene
markets we can now secure a competitively priced raw material for our European
plants located at the Antwerp site and connected along the ARG pipeline."
By connecting the terminal to INEOS Oxide in Antwerp and beyond via the ARG
pipeline to INEOS Oligomers LAO/PAO facility in Feluy
Belgium、 and INEOS Olefins & Polymers in Lillo and
Köln(both near Knapsach)、 INEOS will now be able to supply competitively
priced ethylene to efficiently balance its requirements across many of its main
INEOS Oxide、 part of the INEOS Group of Companies、 is a leading producer of
Ethylene Oxide and Ethylene Oxide Derivatives、 Propylene Oxide and Propylene
Oxide Derivatives、 plus a range of solvents and speciality chemicals、 with
production facilities in Antwerp Belgium、 Köln Germany、 Lavéra France、
Plaquemine Louisiana、 Freeport Texas and Hull in the United Kingdom.
06 Mar 2014 The
chemicals industry could be wiped out in a decade、 says Ineos boss
Jim Ratcliffe、 the man at the centre of last
year's Grangemouth dispute、 writes to EC president warning that 6m jobs are
THE European chemicals industry
will be wiped out in a decade、 with the loss of 6m jobs、 unless
politicians wake up to its chronic lack of competitiveness、 the
man at the centre of last year’s Grangemouth dispute has
Jim Ratcliffe、 the majority
owner of chemicals giant Ineos、 has written to Jose Manuel
Barroso、 the European Commission president、 warning that the
chemicals industry is heading for the same fate as the textiles
He says a toxic cocktail of
high energy costs – inflated by green
taxes – feedstock prices in “another league” to those in
America and the Middle East and
uncompetitive labour are leading to the rapid closure of
Europe’s chemical plants.
That is before Europe is hit by a wave of
exports from America – the result of a $71bn (£42bn) spend to 2020 by the US
chemical industry as it capitalises on a shale gas revolution that has
brought energy prices down to a third of Europe’s.
“I recall the extinction of the European
textile industry happening before my eyes as a young graduate at Courtaulds
in the 1980s. Chemicals could go the same way. It could well be another
European dinosaur、” Mr Ratcliffe says in his letter.
He points out that the chemicals industry
is “a rather larger species” than textiles、 rivalling the automotive sector
as Europe’s biggest manufacturer、 with revenues of $1 trillion a year and
responsible for 1m direct and 5m indirect jobs.
Adding chemicals are “omnipresent”、
whether in “our watches、 deodorants、 iPhones、 cars and Nike shoes”、 he says:
“Strategically and economically、 no large economy should abandon its
Some 32 of Ineos’s 60 chemical plants are
in Europe、 but their profits have halved in the past three years while the
group’s US profits have tripled. The situation is exacerbated by growing
competition from the Middle East and Asia.
Mr Ratcliffe points out that Ineos’s
major rival、 BASF、 in a European market spanning around 200 chemical plants、
has also “for the first time ever announced a strategic cutback”.
Pointing out that、 in the UK “we have
seen 22 chemical plant closures since 2009 and no new builds”、 Mr Ratcliffe
says of the European plight: “I can see green taxes、 I can see no shale gas、
I can see closure of nuclear、 I can see manufacturing being driven away.
It’s not looking good for Europe、 we are rabbits caught in the headlights、
and we have got our trousers down.”
Speaking to The Daily Telegraph、
Mr Ratcliffe said the letter was not a prelude to the announcement that
Ineos was closing plants – or to a change of plan at the Grangemouth
petrochemicals plant in Scotland、 which he reprieved last year after a
bitter stand-off with the unions. Neither was he expecting immediate
intervention from Brussels over the industry.
But、 he said politicians “need to think
about the consequences of it all disappearing. If they think about it too
late、 it will be too late. It’s all fine and dandy having the highest green
taxes in the world but if that closes down your manufacturing industry、 it’s
not so good.”
07 March 2014
Open Letter to Mr José Manuel
President European Commission
Rue de la Loi 200
Dear President Barroso、
I wish to express my deepest
concerns about the future of the European chemical industry.
Sadly、 I predict that much of it will face closure within the
next 10 years.
I recall the extinction of
the European textile industry happening before my eyes as a
young graduate at Courtaulds in the 1980’s. Chemicals could go
the same way. It could well be another European dinosaur.
Chemicals、 however、 is a
rather larger species and arguably more important to the
economies of Europe. There are a lot of jobs at stake. Over 1
million direct jobs and 5 million indirect jobs in total.
Worldwide、 the chemicals
sector has revenues of $4.3 trillion. That’s bigger than the GDP
of Germany and considerably bigger than the automotive sector at
In Europe、 chemicals and
automotives share top billing with $1 trillion each.
Economically speaking、 chemicals is one of Europe’s jewels in
Chemicals literally find
their way into all walks of life、 they are omnipresent.
Chemicals are required to make metals、 to make fibres、 to make
pottery. They are in our watches、 our deodorants、 our iPhones、
cars、 clothes and Nike shoes. Without a chemical industry、 all
of the above manufacturers in Europe are potentially put at a
economically、 no large economy should abandon its chemical
But Europe seems agnostic
about the fate of European Chemicals. The European textile
industry was wiped out because it could not compete with Asian
labour rates. Slowly、 each of Courtaulds 100 textile factories
became loss making and shut down.
Chemicals depend upon
competitive energy and feedstock costs. Whilst intensely
technical as an industry、 and one of the reasons historically
that Europe has been so successful、 technology alone will not
Energy、 in the form of gas、
in Europe is three times higher than the USA today、 whilst
electricity is 50% higher. There are no cheap feedstocks in
Europe. USA and Middle East feedstocks costs are in another
Shale gas in the United
States has transformed both its competitiveness and its
confidence. There are $71 billion worth of announced
petrochemical expansions on the back of shale gas flowing into
chemicals. This is predicted to grow to over $100 billion.
In contrast Europe announces
closure after closure.
In the Middle East、 they
continue to build in Abu Dhabi、 in Qatar、 in Saudi and now we
can add Iran with another 6 million tonnes of ethylene capacity
re-joining planet earth.
In the UK we have seen 22
chemical plant closures since 2009 and no new builds.
And then we have China.
British universities no longer seem to have places for Brits
wanting to do technical subjects as they are full of Chinese
students. At my son’s graduation in economics last year、 I
noticed the proud Power Engineering graduates. 100% of them were
Chinese. Not one was British.
The Chinese are building
relentlessly. Whilst in recent history、 they have soaked up all
the world’s surplus chemicals、 they will soon be
self-sufficient. And beyond that they will start to reverse the
flow. Remember they are set to become the world’s largest
economy by 2020.
So、 in the face of this
competitive onslaught、 does Brussels、 or the countries of Europe
themselves、 have a master plan? What defences do they have in
I can see green taxes、 I can
see no shale gas、 I can see closure of nuclear、 I can see
manufacturing being driven away. I can see the competition
authorities in Brussels blissfully unaware of the tsunami of
imported product heading this way and standing blindly in the
way of sensible restructuring.
INEOS、 one of the world’s
largest chemical companies、 profits in Europe have halved in the
last 3 years. Profits in the USA have tripled. BASF、
the world’s largest chemical company、 for the first
announced a strategic cutback in European investment citing
stagnant markets、 expensive energy and expensive labour.
It’s not looking good for
Europe、 we are rabbits caught in the headlights、 and we have got
our trousers down.
I encourage you to take
urgent steps to protect Europe’s chemical industry.
I believe this is an
important topic of discussion and so I am making this letter
available to the media.
José Manuel Durão Barroso
We、 14 company CEOs from the energy intensive manufacturing industry、 are
worried about our immediate and long-term future in Europe.
The forthcoming January proposals of the Energy and Climate 2030 package and the
discussion about Energy State Aid therefore represent a unique opportunity for
the Commission to better align the EU’s energy and climate policies with our
shared imperative to restore industrial competitiveness and restart investments
・There should only be one single realistic GHG target、 matched by a second
target addressing industrial growth. Both must be closely monitored and
readjusted if Europe is not on track to deliver on both.
・The price for carbon、 renewables surcharges and other taxes and levies should
not be used to transfer the cost of the energy transition onto manufacturing
industries、 the backbone of Europe’s economy. The high cost of non-competitive
technologies to decarbonise the power sector cannot be borne by our companies in
addition to already uncompetitive energy prices. This also needs to be reflected
in the new Environment and Energy State Aid Guidelines.
・All energy supplies supporting a cost efficient and competitive transition
towards a low carbon economy、 including indigenous sources of shale gas、 should
・The ETS should be allowed to run its course until 2020 without any further
modifications. It will achieve its CO2 emission reduction target at the least
cost if current protection against the risk of carbon leakage is maintained.
Between 2020 and 2030、 the CO2 target should include two pathways within the
same ETS: one with full direct and indirect compensation allowing for growth of
our industry and another one for the sustainable decarbonisation of the power
We ask for a strong political signal in order to mobilise further investments in
INEOS announces legal action against Sinopec
and Sinopec subsidiaries
Jim Ratcliffe、 Chairman、 says
“we want to take our best technology to China but we need to know that
it will be protected.”
INEOS、 one of the world’s
largest chemical companies、 takes legal action in China against a number
of Sinopec subsidiaries for misuse of trade secrets in its Acrylonitrile
Acrylonitrile、 used in plastics
and carbon fibre、 is one of the world’s largest petrochemicals
businesses. INEOS’s own Acrylonitrile business is world number one and
valued at $3 billion、 employing 5、000 people worldwide.
INEOS says that the prolific
building of Acrylonitrile copy plants in China will destroy its
Jim Ratcliffe、 says “the
fundamental value of INEOS depends upon its technology. We have no
option but to defend our hard won intellectual property”
Standard Oil of Ohio (Sohio) which
developed the process、 later became part of BP.
The nitrile business of BP was sold to INEOS in 2005.
INEOS、 the fourth largest chemical
company in the world、 has today announced that it is taking legal action
against a number of Sinopec and Sinopec subsidiaries (SNEC、 Anqing and
others) for breach of contract and/or misuse of trade secrets.
INEOS says that
Sinopec Ningbo Engineering Company has broken a long established
technology agreement which、 together with trade secret misuse by other
Sinopec companies、 has enabled development of a series of new world scale
Acrylonitrile plants without INEOS agreement or consent.
INEOS、 which has otherwise excellent
relationships with Sinopec and with China、 has no choice other than to
protect its intellectual property.
INEOS fears that these breaches of rights
will cause major harm to its Acrylonitrile business which generates up to
$500m per annum of profit and has a replacement value of $3 billion. It
supports around 5、000 direct and indirect jobs in the USA and Europe.
INEOS is pursuing parallel actions in the
Beijing High Court and through arbitration in Sweden.
INEOS has every confidence that China
has now developed an excellent system to protect intellectual property
consistent with the fact that China now files more patents than any other
Jim Ratcliffe、 INEOS Chairman、 says “We
have good and valuable relationships with Sinopec and other Chinese
companies across our business. But in this case、 we have to take action to
protect the interests of our stakeholders. The fundamental value of a
business like INEOS depends on its intellectual property which includes
trade secrets and patents、 covering technology、 design and operations.
Unless we protect our intellectual property、 ultimately we will see the
demise of INEOS”
Notes for Editors
INEOS currently leads the global
Acrylonitrile market. Acrylonitrile is an important molecule which is used
to manufacture a wide range of high value goods. It is a key building
block for carbon fibre which is essential for a range of highly engineered
products in the automotive、 aerospace and defence industries. The new
Boeing 787 Dreamliner relies on Acrylonitrile based carbon fibre for its
construction. In addition、 Acrylonitrile is a key ingredient in ABS
polymer、 used in many everyday applications from children’s toys and
computer monitors to white goods. It is the key ingredient in acrylic
fibre and by products from the process are essential in a wide range of uses
from pharmaceuticals to gold extraction.
INEOS has had a long standing agreement
with SNEC (a Sinopec company) for the licensing and
use of Acrylonitrile technology in China dating back to 1984.
INEOS believes in the long term
development of the Chinese petrochemical industry and is strongly committed
to working with companies in China to help them to develop their businesses.
INEOS currently has plans to jointly build a phenol
plant with Sinopec and
an Acrylonitrile plant
with Tianjin Bohai天津渤海.
INEOS brings world beating technology and a long history of exemplary
manufacturing capability to the highest safety and environmental
INEOS AG is a company based in
Switzerland . Acrylonitrile manufacture is carried out at 4 major sites
around the world; Green Lake Texas、 Lima Ohio、 Seal Sands UK and Cologne
Germany. INEOS Acrylonitrile technology provides the basis for over 90% of
the world’s production. The technology was developed and patented in the
United States and is still developed and improved by INEOS USA LLC at our
technology centre in Lisle、 Illinois.
present、 the world total production capacity of acrylonitrile is 6.4
million tons / year. The enterprises with large production capacity are
INEOS Group、 with production capacity of 1.043 million tons / year、
Ascend Performance Materials、 Inc. of America、 with production capacity
of 520、000 tons / year、 Japan Asahi Kasei of 500、000 tons / year. The
world acrylonitrile demand is about 6 million tons. It is mainly used in
acrylic fiber、 ABS / AS、 acrylamide、 acrylonitrile-butadiene rubber、
adiponitrile and ethylenediamine etc. The major world acrylonitrile
consuming regions are Asia、 Europe and North America. Asia is the
world's largest acrylonitrile consumption region、 accounting for about
59% of the world's total consumption. In European region、 the
acrylonitrile consumption accounts for about 20%、 and in the American
region、 acrylonitrile consumption accounts for about 11%.
Currently、 China’s total production capacity of acrylonitrile is 1.25
tons / year. In 2011、 the annual production is about 1.08 million tons.
PetroChina Jilin Petrochemical Company is the largest acrylonitrile
production enterprise in China. Currently、 it has 4 sets of
acrylonitrile plants、 the total production capacity is 424、000 tons /
year. The other large enterprises include Shanghai Secco Petrochemical
Co.、 Ltd.、 with production capacity of 260、000 tons / year、 PetroChina
Shun Petrochemical Company、 with production capacity of 92、000 tons /
year、 PetroChina Daqing Petrochemical Company of 80、000 tons / year、 and
PetroChina Daqing Refining Company of 80、000 tons / years.
present、 the total demand of acrylonitrile in China is about 1.7 million
tons. In recent years、 China's acrylonitrile import dependence is
maintained at more than 30%、 and the annual import demand is
400、000-500、000 tons. The total imports of acrylonitrile in China
reached 542、000 tons in 2011. In China、 the acrylonitrile is mainly used
for the production of acrylic、 ABS resin、 acrylic amide、 nitrile rubber
and the like. Acrylic fiber is the largest consumption field of
acrylonitrile、 accounting for 40% of the total consumption. ABS resin is
the second largest consumption field of acrylonitrile、 accounting for
36% of the total consumption. In the next few years、 ABS demand in China
is expected to maintain a rapid growth、 with an average annual rate of
6.4%. In addition、 the domestic nitrile rubber industry also develops
rapidly. The proportion in acrylonitrile consumption will increase.
Overall、 acrylonitrile demand in China in the next few years will grow
with an average annual rate of 7-8%、 will be close to 1.90 million tons
in 2013、 and domestic acrylonitrile demand is expected to reach 2.40
million tons in 2015.
Jilin City、 the market demand for acrylonitrile is great. Jilin Chemical
Fiber Group owns acrylic fiber production capacity of 236、000 tons /
year. PetroChina Jilin Petrochemical Company is implementing 400、000
tons / year ABS project. The total ABS production capacity of Jilin
Petrochemical Company' will reach 580、000 tons / year in the end. Jilin
City is making great efforts develop carbon fiber industry、 and the
phase I project of 5、000 tons / year carbon fiber precursor device of
Jilin Carbon Valley Company has been built、 and it plans to reach 10、000
tons / annual production capacity. The 16、000 tons / year carbon fiber
precursor project of Jilin Tenghua Special Fiber Company will also be
started. In the next few years、 these devices will consume a large
amount of acrylonitrile、 and Jilin City will become a huge market of
Mar 21、 2014 Reuters
Sinopec denies violating INEOS chemical
China Petroleum & Chemical Corp (Sinopec)、 Asia's largest oil refiner、 has
denied violating intellectual property rights of INEOS after the Swiss-based
chemicals company opened a case at a Beijing court.
Subsidiary Shanghai Research Institute of Petrochemical Technology is being
sued over technology related to the industrial chemical acrylonitrile、
state-owned Sinopec said in a statement emailed to Reuters on Friday.
Acrylonitrile is a building block for carbon fibre used in products in the
automotive、 aerospace and defence industries.
The subsidiary developed what became a core technology "after 50 years of
research、" the company said.
"Sinopec has full proprietary intellectual property
rights over such technology. There is no ground for the infringement alleged
by INEOS、" Sinopec said.
INEOS said a Sinopec subsidiary Sinopec Ningbo Engineering Company had
broken a long established technology agreement which、 together with trade
secret misuse by other Sinopec companies、 had enabled development of a
series of new world scale Acrylontirile plants without the consent or
agreement of INEOS.
"We have good and valuable relationships with Sinopec and other Chinese
companies across our business、" said Jim Ratcliffe、 INEOS Chairman in a
"But in this case、 we have to take action to protect the interests of our
Shares of Sinopec closed 2.2 percent higher in Hong Kong compared with a 2.4
percent rise in the benchmark index.
INEOS said it is pursuing parallel actions in the Beijing High Court and
through arbitration in Sweden.
China has long been a flashpoint for disputes over intellectual property
rights. Last year、 U.S. private researcher Commission on the Theft of
American Intellectual Property said 80 percent of global intellectual
property rights abuse occurred in China.
The U.S. and other foreign governments have urged China to take a stronger
stand on the matter which affects products ranging from medicine to software
Last month、 Sinopec Corp unit Sinopec Yangzi Petrochemical Co agreed to form
a $500 million 50/50 joint venture with INEOS in China's Nanjing city to
make industrial chemicals phenol and cumene.
The Chinese company told the Financial
Times newspaper that it has also successfully developed its own acrylonitrile catalyst and related technology at its research labs in
Shanghai over the last 50 years and said it had “full proprietary
intellectual property rights.”
One chemical industry consultant with
experience with both Chinese and Western firms said it can be common for
companies like Sinopec to feel they have made improvements in the technology
that fall outside the original license. That could be a key issue to be
debated in court、 the consultant said、 speaking anonymously.
INEOS and Sinopec YPC sign joint venture
INEOS and Sinopec YPC have today signed
the Joint Venture Agreement and Articles of Association forming a
50% / 50% Joint Venture Company to be based in
The Joint Venture、 which is to be called
INEOS YPC Phenol (Nanjing) Company Ltd is set
to build the largest Phenol Acetone plant in China、 due to complete at the
end of 2016.
This is INEOS’ largest investment in
China and YPC’s eighth joint venture .
INEOS Phenol and Sinopec Yangzi
Petrochemical Company (Sinopec YPC) have today signed the Joint Venture
Agreement and the Articles of Association to form a
50/50 Joint Venture company.
The Joint Venture is to be called
INEOS YPC Phenol (Nanjing) Company Ltd. It will have a total
investment of approximately $0.5bn (RMB3.15 bn) and is expected to be
operational by the end of 2016.
INEOS YPC Phenol (Nanjing) Company Ltd
will now build the largest Phenol and Acetone plant in China. The plant will
be based on INEOS’s proprietary phenol technology and Sinopec’s proprietary
cumene technology. It will benefit from Sinopec’s local feedstock and
personnel advantages and will generate annual sales revenue of around $0.8
bn (RMB 4.9 bn). It will promote the upgrading of the chemical industry in
Mr.Wang Jingyi、 Chairman and General
Manager of YPC、 Mr Harry Deans、 CEO of INEOS Phenol and Madam Wang Xia、
Executive Deputy Director of NCIP Administrative Committee attended the
signing Ceremony held in Nanjing.
“Establishing INEOS YPC Phenol
(Nanjing) Company Ltd following the signing of the Joint Venture Agreement
is the major step forwards for this important project. We are delighted to
have Sinopec YPC as our long-term strategic partner as we build the largest
Phenol facility in China. When completed this new world scale plant will
bring considerable value to our customers in the region. The partnership is
an important development for INEOS Phenol and for INEOS in China.”
said Harry Deans、 CEO of INEOS Phenol.
“I strongly believe this new Joint
Venture with INEOS presents significant value to both companies in China.
This partnership helps to progress Sinopec’s strategic focus on integration
and growth、 putting us in a strong position to meet growing demand for
downstream petrochemical products、 in the region、” said Mr Wang
Jingyi、 Chairman of YPC.
The annual capacity of the new plant will
be at least 400、000 tonnes of phenol and
250、000 tonnes of acetone. It will also include
550、000 tonnes/year of cumene capacity. Together、 with associated
infrastructure、 the Joint Venture will be the largest capital investment
ever undertaken by INEOS in China and opens new opportunities for the
company to meet the needs of this rapidly growing market.
The location of the plant in Nanjing、
Jiangsu Province places it at the centre of China's largest market for both
phenol and acetone. Once completed、 the plant will supply phenol/acetone to
customers including on-site consumers. This integration will strengthen and
underpin the phenol/acetone derivatives industry in what is the biggest
chemical market in Eastern China.
Following the completion of this project
INEOS Phenol will further strengthen its leading position and will be the
only company to have global manufacturing capability、 with phenol and
acetone production in Europe、 the USA、 and Asia、 with sites in Germany、
Belgium、 and USA (Alabama). China is the world's fastest growing market for
phenol and acetone and Sinopec is China's leading producer of phenol and
acetone with three production sites in Shanghai、 Beijing、 and Tianjin.
Phenol and acetone are important organic
chemical intermediates. They are widely used in the industries of phenolic
resin、 caprolactam、 bisphenol A、 salicylic acid、 fibres、 plastic、 synthetic
rubber、 pharmaceuticals、 agrochemical、 dyes、 coatings、 leather、 and epoxy
22 May 2013
INEOS Nitriles and Tianjin Bohai Chemical Industry
Group Corporation sign Heads of Terms to create a
50/50 Joint Venture to build a
260、000 tonne Acrylonitrile plant in the Tianjin [Chemical Industrial
Park] in Tianjin Municipality、 China. 22 May 2013
The investment positions INEOS Nitriles as the only producer to have plants
in each of the world’s largest Acrylonitrile markets、 and reinforces its
position as the biggest producer in the world.
This is the second project INEOS has announced in China in recent months.
Combined、 the two JV projects account for a total investment from all
partners of more than $1 billion.
INEOS Nitriles and Tianjin Bohai Chemical Industry Group Corporation have
today signed a non binding Heads of Terms、 setting out their intention to
establish a 50/50 Joint Venture、 to build and operate a world scale
Acrylonitrile plant to be located in Tianjin、 China. It is expected that the
plant、 which will be designed using the latest INEOS process and catalyst
technology、 will be completed by the end of 2016.
The initial annual capacity of the new facility will be 260、000 tonnes of
Acrylonitrile with an expectation of possible future expansion、 in line with
growing demand across Asia.
The final agreement is subject to confirmation of satisfactory project costs
and conclusion of discussions with the local authorities.
The partnership will benefit from Tianjin Bohai Chemical’s operating
capability、 local feedstock advantages and proximity to derivative growth
markets. INEOS will provide commercial expertise and production ‘know-how’、
as well as its proprietary Acrylonitrile process and catalyst technology.
Located in Tianjin、 the new plant will be well positioned close to one of
the most rapidly growing centres of China's Acrylonitrile demand、 with easy
access to customers throughout Asia.
The Joint Venture with Tianjin Bohai Chemical reinforces INEOS’ commitment
to serve its Acrylonitrile customers globally by extending production to
cover Asia、 the world’s fastest growing market. The investment positions
INEOS as the only producer in the world to have capacity in each of the
world’s largest Acrylonitrile markets.
“This is an important investment for the Nitriles business in Asia to
support our customers’ growing needs across the region、” said Rob Nevin、 CEO
of INEOS Nitriles.“We are very pleased to be building this new facility with
Tianjin Bohai Chemical through the formation of the Joint Venture. Our
partnership is set to bring considerable value to both companies and their
customers. Bringing together our proprietary Acrylonitrile technology、 with
Tianjin Bohai Chemical’s expertise and advantaged feedstocks、 presents a
Tianjin Bohai Chemical Industry Group Corporation
is a large scale、 well established chemicals company based in Tianjin
(China). The Group had sales of over $11 billion (2012). The company markets
a wide range of products including propylene
and Acrylonitrile Butadiene Styrene (ABS).
“I am very pleased that we have reached an agreement with INEOS. This
important partnership is consistent with Tianjin Bohai Chemical’s strategic
focus on integration and growth、” said Chairman Mr Zhao Lizhi of Tianjin
Bohai Chemical. “The Joint Venture further develops our upstream and
downstream integration. Combined with INEOS’ leading Acrylonitrile
technology、 the JV puts us in an advantaged position to meet growing demand
for petrochemical products、 in the Tianjin region、 across China、 and in
Acrylonitrile is used as a raw material for the production of synthetic
fibres、 engineering plastics (ABS、 Acrylonitrile Butadiene Styrene)、 carbon
fibre、 synthetic rubber and water soluble polymers. These products are used
in a very diverse range of end use markets、 such as textiles、 automotive
components、 building and construction materials、 household appliances、
electronic equipment、 sporting goods、 water treatment and oil & gas
INEOS Nitriles is a part of INEOS Group Holdings S.A.
Sasol Ltd.-owned Sasol Chemicals (USA) LLC and Ineos Europe AG-subsidiary Ineos
Olefins & Polymers USA have reached final investment decision to form a joint
venture to build a high-density polyethylene (HDPE) plant in LaPorte、 Tex.
The 50-50 joint venture will produce 470、000 tonnes/year
of bimodal HDPE using Innovene S process technology from Ineos、 the
Ineos will act as operator of the HDPE plant at its
LaPorte-area Battleground Manufacturing Complex、 the partnership said.
While all relevant permits have been secured、 definitive agreements for the
project continue to be finalized、 and given that the plant will be
debt-financed、 the investment decision remains conditional on achieving
financial close、 according to the companies.
If the project reaches final approval、 Sasol and Ineos will supply the ethylene
feedstock required to produce HDPE in proportion to their respective ownership
The companies said they expect plant start-up in 2016.
Sasol previously has said that the HDPE plant would be located in the US to
complement production from the company’s ethane cracker and derivatives project
in southwest Louisiana.
INEOS and Solvay sign definitive Joint Venture agreement to create leading PVC
INEOS and Solvay have today announced the signing of a definitive Joint Venture
agreement covering their European chlorvinyls activities. The Joint Venture - to
be known as INOVYNTM - was given
clearance by the European Commission in May 2014.
Formation of the Joint Venture is subject to implementation of an agreed remedy
package consisting of the divestment of INEOS-owned assets
in Tessenderlo (Belgium)、 Mazingarbe (France)、 Beek (The Netherlands)、
Wilhelmshaven (Germany) and Runcorn (UK).
The terms of the Joint Venture have been simplified since the deal was announced
in May 2013. Solvay will now receive an up-front payment
of €175 million at closing and in addition to transferring their
chlorvinyls assets into the Joint Venture、 will also
transfer €250m of liabilities principally in respect of pensions and
environmental liabilities. Solvay will exit INOVYN after three years、 leaving
INEOS in sole control、 when Solvay will receive additional cash proceeds
targeted at €250 million (with a minimum payment of
€75 million). This amount will be adjusted depending on the financial
performance of INOVYN during the three year Joint Venture period.
Chris Tane、 CEO INEOS ChlorVinyls comments: "We are delighted to have been able
to reach this agreement、 which will combine our respective chlorvinyls
activities to create a world scale business. INOVYNTM will be better able to
rapidly respond to changing European markets and increasing competition from
To be headquartered in London、 INOVYN will have proforma 2013 sales of more than
€3 billion、 with assets across 14 sites in Belgium、 France、 Germany、 Italy、
Norway、 Spain、 Sweden and the UK.
Governance of the Joint Venture will be shared between INEOS and Solvay、 with
equal representation on the Supervisory Board. Day to day management of the
business will be led by an Executive Team consisting of Chris Tane as CEO、 Mike
Maher as CFO and Julie Taylorson as Procurement Director (all currently INEOS)
and Filipe Constant as Commercial Director、 Jean Michel Mesland as Operations
Director and Otto Grolig as General Counsel (from Solvay).
Until formation of the Joint Venture、 which is expected during Q4 2014、 INEOS
and Solvay will continue to run their businesses separately.
30 June 2014 Ineos
INEOS to acquire BASF’s share in Styrolution
INEOS will acquire BASF’s 50% share in Styrolution、 a joint venture between the
companies. The purchase price to be paid by INEOS amounts to €1.1 billion. A
call option in favor of INEOS to buy BASF’s share in Styrolution was already
included in the shareholders’ agreement signed in 2011.
The transaction is subject to approval by the appropriate antitrust authorities.
Styrolution will continue to operate as an independent company until the
completion of the deal、 which is expected in the fourth quarter of 2014.
“Styrolution has fulfilled its promise as a globally competitive business that
competes effectively with large-scale producers from Asia and the Middle East.
We are pleased to bring Styrolution fully into the INEOS family. After the
purchase、 Styrolution will be run separately as a standalone company within
INEOS、 and continue to operate as it does today、” said Jim Ratcliffe、 Chairman、
The business will be a subsidiary of INEOS Industries Holdings Limited.
Styrolution was founded in October 2011 as a 50-50 joint venture between BASF
and INEOS、 and is the leading、 global styrenics supplier.
INEOS O&P UK receives infrastructure loan
guarantee from UK Government to the value €285m / £230m
The guarantee allows INEOS to raise
the money necessary to build a new terminal to import and store ethane
for Grangemouth as North Sea availability declines.
The loan guarantee shows support for
both the UK petrochemicals sector and for one of the most important
infrastructure projects in Scotland.
“Without doubt、 this is one of
the most important infrastructure projects of recent times in Scotland、
with implications to be felt right across the UK、 not only for
employment but also for manufacturing in general、” says Jim
Ratcliffe、 INEOS Chairman.
A contract is now signed with TGE
Gas Engineering for the construction at Grangemouth of Europe’s largest
ethane storage tank to start.
The first order for construction
materials is now placed.
INEOS Olefins & Polumers UK has today
confirmed that it has received notification from Chief Secretary to the
Treasury、 Rt Hon. Danny Alexander MP that its application for an
infrastructure loan guarantee has been successful.
This confirmation now allows INEOS to raise the funds necessary to invest in
a new terminal import、 to store and process ethane
from shale gas at its site in Grangemouth、 Scotland、 as North Sea
supplies dwindle. The project protects thousands of jobs in Scotland and
across the UK.
“Without doubt、 this is one of the most important projects of
recent times in Scotland、 with implications to be felt right across the UK、
not only for employment but also for manufacturing in general”、
said Jim Ratcliffe、 INEOS Chairman. “Our ability to import US
shale gas underpins the future of manufacturing at Grangemouth and across
many businesses in Scotland. It is a vital step towards preserving the long
term future of the Grangemouth site and those businesses that depend upon
its continued presence in Scotland.”
INEOS AG has invested more than £300m at its Grangemouth site as part of a
long term survival plan necessary for the site to manufacture petrochemicals
beyond 2017. The loan guarantee from the UK Government now enables it to
raise financing on £230m specifically to cover the
import facility and storage tank to be built at the site
Chief Secretary to the Treasury、 Rt Hon.
Danny Alexander MP said: “Over £1bn of infrastructure projects
have now been brought forward as a result of the UK guarantees scheme and
£36bn worth of projects are pre qualified. Our action is creating the right
conditions for more investment in our infrastructure、 helping to build a
stronger economy and a fairer society across the country. The Grangemouth
guarantee is fantastic news for Scotland’s economic future、 and for the UK’s
This is major step forward that ensures
the long-term future of petrochemical manufacture at Grangemouth. The ethane
tank will be the largest in Europe and is central to the site’s plans to
import shale gas from the USA. By 2016 Grangemouth will be a shale gas-based
facility、 essential if it is to compete in world markets beyond 2017.
Gerry Hepburn、 CFO、 O&P UK says: “The news that the UK Government is supporting our plans to build an
ethane import and storage facility at Grangemouth with a loan guarantee is a
critical element to ensure the long term future of the site. We will use the
loan guarantee to raise funds through a public bond issue. The proceeds of
the bond will be used to fund the ethane tank project at Grangemouth. It
will be very rewarding to see the renewal of the site starting to take shape
as we begin construction work.”
INEOS O&P UK has also finalised contract
agreements with specialist engineering company TGE Gas Engineering GmbH for
the construction of what will be the largest ethane storage tank in Europe.
TGE Managing Director、 Werner Schlott
said、 “We are very pleased to have been awarded the contract to
build the ethane storage tank for INEOS O&P UK at their site in Grangemouth.
As a company we have extensive expertise and knowledge of tank construction
and relish the opportunity to bring this to Scotland. We look forward to
working with the project team at Grangemouth and to delivering the ethane
Harry Deans、 CEO、 Olefins & Polymers UK
says “We are delighted to confirm we have finalised a contract
with TGE for them to build the ethane storage tank. The construction of the
storage tank is complex and needs specialist knowledge、 but in TGE、 we know
we are working with a company that are truly leaders in their field."
INEOS owns and operates two (of
four) European ‘gas crackers’ that are capable of utilising advantaged
US shale ethane gas feedstock、 one in Grangemouth、 Scotland、 the other
in Rafnes、 Norway.
Ethylene is a vital petrochemical
feedstock widely used in the manufacture of a range of products and
other chemicals. It is is used on-site at Grangemouth to produce
polyethylene (plastic)、 ethanol and is exported across the UK and into
TGE will build the ethane storage
tank and associated processing infrastructure at the INEOS Grangemouth
site. They are headquartered in Bonn、 Germany and have design offices in
Manchester and Eastleigh in the UK.
TGE built the INEOS Ethylene import
tank in Antwerp and are currently building the Ethane import tank at
INEOS’ facility at Rafnes、 Norway.
In March 2014、 TGE was announced as
the preferred bidder on the ethane tank construction project and the
Heads of Terms agreement was signed.
In May 2014、 planning permission for
the construction of the ethane tank was granted by Falkirk Council. The
tank will have the capacity to store 60、000 cubic metres of ethane gas.
INEOS has already announced that it
has reached an agreement with Evergas to expand its contract for a
series of state-of-the-art ethane vessels、 which are currently under
construction in China、 from four to six vessels that will bring shale
gas (ethane) from the US to its European assets.
It has also announced agreements
with Sunoco Logistics for capacity in the Mariner East pipeline and
terminal system、 with Range Resources and CONSOL Energy for the purchase
of ethane、 from the US. In addition it has reached agreement with
Enterprise Products for ethane capacity at their recently announced
ethane export facility on the Texas Gulf coast.
The project's blueprint includes an
ethane cracker、 three
polyethylene plants and associated infrastructure for water
treatment and energy cogeneration.
The Innovene G and Innovene S plants
produce a full range of linear low density and high density polyethylene
with multiple catalysts、 serving polyethylene customers with innovative and
Peter Williams、 CEO of INEOS Technologies、 said: “The selection of the
Innovene G and Innovene S technologies for this landmark project in the
United States is another milestone in the strategic technology partnership
between the two companies. We are looking forward to working with the ASCENT
team to deliver a successful world scale polyethylene complex in the
INEOS has also signed polyethylene licensing agreements for Innovene S
plants with Braskem-IDESA、 which is building the Etileno XXI petrochemical
complex in Mexico that is expected to be commissioned in 2015.
Oct 10、 2014 Platts
Ineos suspends plans for US Gulf Coast
ethylene oxide unit
Ineos Oxide has indefinitely suspended plans
to build a world-scale ethylene oxide、 glycol and derivatives plant in the US
Gulf Coast、 company spokesman Charles Saunders said Friday.
The company did not say why it had abandoned plans to build the US Gulf
facility、 which was initially announced in December 2011、 with an estimated
startup of late 2014.
Ineos has previously said the facility would have an EO capacity of at least
500、000 mt、 along with corresponding glycol and derivatives units.
Sources said the Battleground Manufacturing Complex in LaPorte、 Texas、 was
believed to have been the intended location、 though Ineos said at the time of
its announcement it was also studying its sites in Plaquemine、 Louisiana、 and
Chocolate Bayou、 Texas.
October 29、 2014
INEOS announces planned closure of Barex plant
INEOS Barex AG announced today that it intends to close the
Barex plant in Lima、 Ohio. The plant is the sole
INEOS facility that produces Barex resins（アクリロニトリル共重合樹脂）.
The plant is expected to close in the first quarter of 2015.
David Schmidt、 CEO of INEOS Barex said “We regret having to take the decision to
close our Barex plant and wind-down the Barex business. The business has been
struggling financially for a number of years. We have worked diligently to
reduce costs and improve profitability、 but have been unsuccessful in turning
around the business. We will work with our customers and employees to ensure an
orderly closure of the Barex business over the coming months.”
INEOS also operates acrylonitrile and catalyst plants
at its Lima site、 and those plants are not impacted by this announcement.
Energy Songyuan Chemical Co.、 Ltd.) メタノール
100万トン、MTO 40万トン、EVA 20万トン
04 March 2015 Ineos
INEOS is to integrate INEOS ABS into its Styrolution business to enhance the
standard and specialty ABS offering to its customers in the Americas
・INEOS is to integrate the INEOS ABS into its Styrolution business to promote
their products globally with one face to the market
・Project further enhances the growth strategy of both businesses
INEOS’ Styrolution business、 the global
leader in styrenics and INEOS ABS、 the largest fully integrated producer of
acrylonitrile butadiene styrene (ABS) in North America are to bring together
their business activities in the Americas. Both are wholly owned INEOS
Customers in the Americas will benefit from the combined strength of the
standard and specialty ABS portfolios、 as well as other styrenic specialties. In
addition、 customers will further profit from the polymer expertise Styrolution
and INEOS ABS offer in key customer industries、 such as automotive and
healthcare. This move will not only enrich Styrolution’s standard and specialty
ABS offering to customers but it also establishes Styrolution as the clear
market leader in ABS in the Americas.
INEOS and Solvay reach agreement for
divestment of remedy business to ICIG
INEOS and Solvay have reached an agreement with
International Chemical Investors Group (ICIG) to acquire the assets being
divested by INEOS. This agreement、 which follows extensive discussions with the
European Commission in the context of the merger control review of INOVYN、 is a
key step towards completion of the INOVYN project.
ICIG is a privately held industrial company (headquartered in Luxembourg and
Germany) that specialises in chemicals and pharmaceuticals、 with 23
manufacturing sites across Europe and the United States.
The assets being divested ("the remedy business") consist of:
the chlorine plants and EDC/ VCM plants at Tessenderlo、
Belgium (excluding the chlorotoluenes business that will remain with
the PVC plant at Mazingarbe、 France;
the PVC plant at Beek、 the Netherlands;the PVC and
VCM plants at Wilhelmshaven、 Germany;
and the EDC plants at Runcorn、 UK.
In addition、 the membrane chlorine plant at Runcorn is to be placed in a
50/ 50 Joint Venture between INOVYN and ICIG. The divestment will also
include a portion of the potassium hydroxide (KOH) business at Tessenderlo、 with
ICIG supplying INOVYN under a toll manufacturing arrangement for the proportion
of the KOH business that INOVYN will retain.
It is anticipated that the formation of INOVYN will take
place in the second quarter of 2015、 upon receipt of all required
regulatory approvals and completion of consultation with relevant INEOS
employees in scope of the proposed divestment.
INEOS Americas LLC acquires Axiall Corporation Aromatics business for $62.9
INEOS Americas LLC has today announced that it has acquired
the aromatics business from Axiall Corporation、 a
leading integrated North American chlorvinyl and aromatics manufacturer. $52.4
million was paid at closing and an additional $10.5 million may be payable after
closing upon satisfaction of certain conditions. The transaction became
effective at the end of day on (23:59 ET) 30 September 2015.
Georgia Gulf は2013年1月にPPG
Industriesのcommodity chemical divisionと合併し、Axiall Corp.となった。
The acquisition、 comprises the
cumene plant、 based in Pasadena、 Texas、 producing
900、000 tonnes of product and employing around 43
In addition the phenol、 acetone and alpha-Methylstyrene
business will transfer to the INEOS Phenol facility at Mobile、 Alabama.
The addition of Axiall’s Aromatics business and cumene assets provides a close
fit with the portfolio and expertise of INEOS Phenol.
Cumene is an essential raw material for the production of phenol and acetone、
which are used in the production of polycarbonate、 plastics、 phenolic resins、
synthetic fibres (such as nylon) and solvents. These products are used in a
diverse range of end markets、 including the automotive、 construction、
electronics and fibre industries.
“We are very pleased to have completed this acquisition. Bringing together the
cumene plant with our own facilities and the transfer of the phenol and acetone
business to our unit in Mobile presents an excellent opportunity to further
improve our competitiveness、”said Hans Casier、 CEO INEOS Phenol. “These are good
quality、 well placed assets、 complemented by a very experienced operations team
and high safety、 health and environmental standards.”
INEOS Phenol is a leading producer of phenol and acetone. Through selective
investments in new assets and new technology、 the business intends to further
develop its business and grow with its customers.
“As we refine our portfolio、 we are pleased to have reached an agreement to sell
our aromatics business to INEOS、” said Axiall Interim President and CEO Tim
Mann. “This is our second divestiture of non-core assets in 2015、 following the
February sale of our phosgene business、 which allows us to better focus on our
core chloro-vinyls、 derivatives and specialties businesses.”
INEOS Phenol is part of INEOS Group AG.
INEOS buys North Sea gas fields
INEOS has today agreed to purchase
all of the UK North Sea gas fields owned by the DEA Group、 the
German-based oil and gas firm owned by the LetterOne Group.
INEOS has moved fast to acquire these
high quality、 low risk assets. Once the deal closes、 the platforms、
infrastructure and the highly skilled team that runs them will form part of
the new INEOS Upstream business division based in London.
The fields、 the largest of which are
Breagh and Clipper South in the Southern North Sea、 provide up to 8% of the
UK’s gas、 enough gas to warm 1 in 10 British homes. The fields themselves
are well positioned、 close to INEOS’ assets in the North East and Scotland.
Jim Ratcliffe、 INEOS chairman says、 “We
are pleased to acquire a strong portfolio of natural gas assets and bring on
board a highly successful and experienced North Sea industry team. INEOS has
been very open about its intention to make strategic investments in the
North Sea and this acquisition is our first step in fulfilling this goal. It
will also help our UK petrochemical assets to have ongoing access to
INEOS today announced that it has agreed to
acquire a strong portfolio of natural gas assets in the North Sea from a UK
subsidiary of DEA
Deutsche Erdoel AG、 which is part of the
INEOS Upstream will acquire gas fields、
including the Breagh and Clipper South fields in
the Southern North Sea which are well positioned close to INEOS’ sites in the
North East and Scotland. The annual production from these fields account for
8% of the UK’s annual gas production、 enough gas to warm 1 in 10 British
INEOS is a new entrant to the North Sea.
However、 the company has extensive experience in operating chemical plants of
similar complexity to these offshore platforms.
As one of the world’s largest operators of
chemical plants and a huge consumer of hydrocarbons these assets should make a
significant contribution to INEOS’s European energy and feedstock strategy.
The company operates Scotland’s largest
manufacturing complex at Grangemouth which is the only refining / petrochemicals
complex directly attached to the North Sea.
INEOS has recently announced its intention to
be the leading UK player in onshore gas development and、 as part of the
company's growing interest in energy production、 is now evaluating additional
opportunities in the offshore area.
As part of the company’s ongoing business
planning、 it has set up INEOS Upstream、 a new oil and gas subsidiary of INEOS AG
and is working with a number of top class North Sea oil and gas professionals.
Their first task has been to conduct a strategic review of the potential
opportunities in the North Sea to see whether these are suitable to play a part
in the development of the INEOS Upstream business.
Rob Nevin、 Chairman INEOS Upstream、 says、
“INEOS and its JV partners are huge consumers of natural gas、 ethane、 propane
and condensates. North Sea oil and gas can make a significant contribution to
providing these feedstocks as well as servicing our energy needs.”
INEOS also owns a number of Shale gas
licences in England and Scotland and is investing a further $1 billion in an
ambitious project to bring US Shale gas to the UK and to Norway.
Jim Ratcliffe、 INEOS chairman adds、 “The
acquisition of these North Sea gas fields is a great entry point for the INEOS
Upstream business. They are high quality、 low risk assets and they come with a
highly experienced management team. Whilst no decisions have yet been made、 we
will continue to evaluate other opportunities in the North Sea”.
Notes to the Editor:
The transaction is subject to competition
clearance from the European Commission. We do not foresee any major issue with
receiving this clearance、 and are hopeful for a completion date in later this
The existing management team at DEA’s UK business will stay in place and run the
business post-completion. This team has successfully developed the assets that
have made this transaction interesting to INEOS、 and has the full support of
DEA Deutsche Erdoel AG
explores and produces natural gas and crude oil worldwide. The company has
production facilities and concessions in Germany、 the United Kingdom、 Norway、
Denmark、 Egypt、 and Algeria; and exploration permits in Ireland、 Libya、 Poland、
Suriname、 Trinidad and Tobago、 and Turkmenistan.
The company was formerly known as RWE Dea AG and changed its name to DEA
Deutsche Erdoel AG in March 2015. DEA Deutsche Erdoel AG was founded in 1899 and
is headquartered in Hamburg、 Germany.
Dea AGを51億ユーロ（約6億ユーロの負債込み）でLetterOne Groupに売却する契約を締結したと発表した。 Deaは英国、ドイツ、ノルウェーなどで石油とガスの採掘を行っている。
Sells Aromatics Business to INEOS Americas LLC
Axiall Corporation、 a
leading integrated chemicals and building products company、 has sold its
Aromatics division and
Pasadena、 Texas、 manufacturing facility to
INEOS Americas LLC for
$62.9 million in cash、 of which $52.4 million
was paid at closing and an additional $10.5 million may
be payable upon satisfaction of certain conditions. The transaction
became effective end of day on Sept. 30、 2015.
Axiall retained its phenol
facility located in
Plaquemine、 La.、 which is integrated with other
Axiall facilities at
Plaquemine、 along with the associated net working capital.
The company plans to conduct a safe wind-down of that facility by
Pasadena facility、 which began operations in 1979、
manufactures cumene. Cumene is used in the
production of phenol、 acetone and alpha-methylstyrene、 all of which are
building blocks for a range of everyday products including plywood and
oriented strand board、 engineered plastics、 pharmaceuticals、 and paints、
acrylics and varnishes.
“As we refine our portfolio、 we are
pleased to have reached an agreement to sell our aromatics business to
INEOS、” said Axiall Interim President and CEO Tim Mann.
“This is our second divestiture of non-core assets in 2015、 following
the February sale of our phosgene business、 both of which allow us to
better focus on our core chloro-vinyls、 derivatives and specialties
INEOS Phenol is a major producer of
phenol and acetone. INEOS Americas LLC operates a phenol
plant in Mobile、
Ala. Other INEOS manufacturing sites in
the United States are located in
Ohio and Texas.
“We are very pleased to have
completed this acquisition. Bringing together the cumene plant with our
own facilities and the transfer of the phenol and acetone business to
our unit in Mobile
presents an excellent opportunity to further improve our
competitiveness、” said Hans Casier、 CEO INEOS Phenol.
“These are good quality、 well placed assets、 complemented by a very
experienced operations team and high safety、 health and environmental
Lincoln International acted as
Axiall's financial advisor in the transaction.
06 May 2016 Ineos
INEOS Enterprises agrees the sale of INEOS
Styrenics to Synthos S.A. for €80m
The agreement to sell the business to Synthos S.A. represents an important step
in the ongoing development of the EPS business.
Completion of the transaction is likely to occur in the second half of 2016、
subject to customary regulatory approvals.
INEOS Enterprises has today confirmed it has reached an agreement in principle、
to sell INEOS Styrenics、 its Expandable Polystyrene
Business (EPS)、 to Synthos S.A. for €80m.
INEOS Styrenics produces high quality
Expandable Polystyrene (EPS) for the building、 construction and packaging
industries at manufacturing sites at Wingles and Ribécourt
in Northern France and Breda in the Netherlands.
The three production sites are supported by its technology Centre in Breda、
which is a purpose-built research、 development and product testing facility、
including a research laboratory and pilot plant facilities. Customer Service、
Logistics and Finance groups are also located in Breda. The business employs c.
250 people who will transfer as part of this deal.
“The combination of INEOS Styrenics with Synthos will accelerate growth and
deliver additional benefits to customers of both companies、 giving them access
to expanded technologies and an enhanced product portfolio. It will also offer
new opportunities for employees who will be part of a company that is focussed
on、 and strategically committed to the long term future of the expanded
polystyrene market、” said Ashley Reed、 CEO of INEOS Enterprises.
The agreement to sell the business to Synthos S.A. represents an important step
in the ongoing development of the EPS business. Synthos S.A. is one of the
largest manufacturers of chemical raw materials in Poland. The Company was the
first European manufacturer of emulsion rubbers and is a leading manufacturer of
polystyrene for foaming applications. The Company is traded on the Polish stock
exchange with its headquarters located in Oświęcim.
“The aim of the acquisition will be to provide the highest quality expandable
polystyrene (EPS) to ensure that expandable polystyrene products (EPS) remain
the insulation material of choice for our customers.” said Tomasz Kalwat、 CEO of Synthos.
Completion of the transaction is likely to occur in the second half of 2016、
subject to customary regulatory approvals.
INEOS Styrenics is a part of the INEOS Enterprises portfolio of business. INEOS
Enterprises actively seeks market opportunities to acquire、 develop and sell
The Valence Group acted as exclusive financial advisor to INEOS and Squire
Patton Boggs acted as legal advisor.
Ineos said to have made takeover bid for
ConocoPhillips UK arm
Ineos boss Jim Ratcliffe is reported to have made a takeover approach to
ConocoPhillips for its North Sea assets which was rejected by the company.
According to reports in the Sunday Times、 the $2billion plus offer was turned
down amid a boardroom shake-up.
ConocoPhillips has been operating in Britain for more than 50 years and employs
around 900 people.
Ineos is said to have tried to purchase the British arm
of the US oil and gas firm.
According to sources、 private equity firm Blackstone is also said to have made a
It comes after Ineos spent £500million buying a dozen gas fields from LetterOne.
In the UK we are operator of、 or have
interests in Britannia、 Britannia Satellites、 Judy/Joanne、 Jade、 Jasmine、
CMS、 Galleon、 LOGGS、 Saturn Unit、 V-Fields、 Victor、 Viking、 Calder、 Darwen、 Crossens、 Asland、 Millom、 Dalton、 Clair and Nicol.
Onshore、 the company has interests in the
Rivers Terminal at Barrow-in-Furness、 the Teesside Oil Terminal at Seal
Sands、 Middlesbrough and the Theddlethorpe Gas Terminal at Mabelthorpe in
Eni 33.0%、BG 30.5%
Eni 33.0%、BG 30.5%
Tullow 34.0% ENGIE
E.On E&P 40.0% ENGIE
Boulton、 CMS III、
Kevin、 Katy、 Munro
Shell 41.6% ◎
ExxonMobil 41.6%、Centrica 8.4%
Dana 10.0%、 CalEnergy 5.0%
Calder、 Darwen、Crossans & Asland
Hydrocarbon Resources ◎
BP 28.6% ◎、 Chevron
North Sea Production
Eni 40.0%、Noble 14.0%、Talisman 6.0%
今回、Ineos が英国の北海ガス田権益をDEA Deutsche Erdoel
AGから買収するもので、Highland Energy →RWE
Dea AG→LetterOne Group→Ineos
INEOS Styrolution announces agreement to
acquire K-Resin® SBC business
INEOS Styrolution’s first
acquisition substantiates its Triple Shift growth strategy
Enhanced global footprint with SBC
manufacturing sites in all regions
Customers across the globe will
benefit from the broadest selection of SBC specialty grades and
development capabilities in the industry
INEOS Styrolution, the global leader in
styrenics, announced today that it signed an acquisition agreement for the
global K-Resin® styrene-butadiene copolymers (SBC) business of
Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) and
Daelim Industrial Co. Ltd., the current joint venture owners. The parties
have agreed not to disclose the intended purchase price or any other
The transaction, subject to customary
closing conditions and regulatory approvals, includes the purchase of the
equity interests of K R Copolymer Co. Ltd. (KRCC),
K-Resin® SBC intellectual property and other assets
related to the SBC business. This acquisition, once completed, will
allow INEOS Styrolution to supply its customers from production sites in the
Americas, EMEA and Asia Pacific.
The acquisition underlines INEOS
Styrolution’s commitment to its “Triple Shift” growth strategy with a strong
dedication to its styrenic specialties business, well-balanced split across
all focus industries and improved global presence.
K-Resin® SBC and INEOS Styrolution’s
existing SBC brands Styrolux® and Styroflex® complement each other well. The
combined business will offer a broad selection of SBC products to customers
across the globe. The broader SBC product portfolio will enable the combined
business to better serve its customers.
“This measure marks our first acquisition and
drives the further implementation of our Triple Shift growth strategy. We will
strengthen our ability to offer specialty styrenics products to our customers,
and increase our production capacities in Asia. Our customers will benefit from
our ability to supply and support their world-wide demand from our expanded
geographic footprint, with SBC manufacturing and research and development
centers in all major regions, and from the well- known premium K-Resin® SBC
brand,” says Kevin McQuade, CEO INEOS Styrolution. “With this investment we will
further enhance our global presence in styrenics.”
Chevron Phillips Chemical and Daelim
Industrial Company founded KRCC as a joint-venture in February 2000. The
K-Resin® SBC plant is located in Yeosu Petrochemical Complex, the largest
petrochemical complex on the southern coast of South Korea.
“I am impressed by the quality of the production
site, a formidable operation and by the strong motivation of the staff,” says
Steve Harrington, President Asia Pacific, INEOS Styrolution. “We are looking
forward to integrate the local Korean assets quickly into our Korean INEOS
Chevron Phillips Chemical Announces Agreement
to Sell K-Resin® SBC Business to Styrolution
Chevron Phillips Chemical Company
LLC (Chevron Phillips Chemical) announced today that it has signed
an agreement with INEOS Styrolution to sell the company’s K-Resin®
styrene-butadiene copolymers (SBC) business. The deal is subject to
customary closing conditions and regulatory approvals.
As part of the transaction, INEOS Styrolution will purchase the
equity interests of K R Copolymer Co. Ltd (KRCC), which owns and
operates a K-Resin® SBC plant in the Yeosu Petrochemical Complex in
Certain Chevron Phillips Chemical’s proprietary K-Resin® SBC
intellectual property, and other Chevron Phillips Chemical assets
related to the business will also be transferred.
“K-Resin® SBC is an excellent strategic fit for INEOS Styrolution,
and we are confident the business will thrive as part of INEOS
Styrolution’s portfolio of products,” said Dave Morgan, Senior Vice
President of Polymers at Chevron Phillips Chemical. “This
divestiture is part of our continuous effort to focus on our core
competencies. Sharpening our portfolio aligns with our strategy to
pursue sustainable growth.”
Most of the approximately 80 KRCC and Chevron Phillips Chemical
employees affected are expected to have the opportunity to join
INEOS Styrolution. A few Chevron Phillips Chemical employees may be
redeployed within Chevron Phillips Chemical’s organization.
KRCC is a joint venture between an affiliate of Chevron Phillips
Chemical and Daelim Industrial Co. Ltd.
The company will also be shutting down older,
less efficient K-Resin® SBC production lines at the Pasadena Plastics Complex in
This action will bring Pasadena’s K-Resin® SBC nameplate capacity to
100 million pounds per year.
The company’s joint venture plant in South
Korea, K R Copolymer Co. Ltd., will maintain a nameplate capacity of
115 million pounds per year.
01 November 2016
INEOS O&P USA has acquired WL Plastics
INEOS O&P (INEOS Olefins & Polymers)
USA has today announced it has acquired 100% of the shares of
WLP Holding Corp., one of the largest
high density polyethylene (HDPE) pipe
manufacturers in North America. The business is headquartered in
Fort Worth, TX with production facilities in Kentucky, South Dakota,
Utah, Texas, and Wyoming. A facility in Georgia is currently under
With over 500 million pounds of
annual production capacity, WL Plastics (WL) provides HDPE pipe to
markets including oil, gas, industrial, mining, conduit, and municipal
water and sewer. The company’s best-in-class manufacturing processes and
experienced production personnel allow WL to be one of the most
efficient producers of HDPE pipe. WL’s mission is to be the supplier of
choice for its customers through an unwavering commitment to customer
service, high quality control standards and speed to market.
Dennis Seith, CEO of INEOS O&P USA
said, “We are very pleased to have acquired WL Plastics. The
business is well-positioned to serve the growing North American pipe
market and will complement INEOS’s existing portfolio of olefins and
Mark Wason, CEO of WL Plastics said,
“INEOS and WL are committed to safety, quality,
manufacturing excellence and customer service. We believe ownership
under INEOS will enable WL to strengthen our position in the market
place through upstream integration backed by the resources of a global
company enabling the next phase of WL Plastics growth.”
The purchase price was not disclosed.
INEOS O&P USA has acquired WL Plastics
INEOS O&P USA has today announced it has acquired 100% of the shares of
WLP Holding Corp., one of the largest high density polyethylene (HDPE)
pipe manufacturers in North America. The business is headquartered in
Fort Worth, TX with production facilities in Kentucky, South Dakota,
Utah, Texas, and Wyoming. A facility in Georgia is currently under
With over 500 million pounds of annual production capacity, WL Plastics
(WL) provides HDPE pipe to markets including oil, gas, industrial,
mining, conduit, and municipal water and sewer. The company’s
best-in-class manufacturing processes and experienced production
personnel allow WL to be one of the most efficient producers of HDPE
pipe. WL’s mission is to be the supplier of choice for its customers
through an unwavering commitment to customer service, high quality
control standards and speed to market.
Dennis Seith, CEO of INEOS O&P USA said, “We are very pleased to have
acquired WL Plastics. The business is well-positioned to serve the
growing North American pipe market and will complement INEOS’s existing
portfolio of olefins and polymer products.”
Mark Wason, CEO of WL Plastics said, “INEOS and WL are committed to
safety, quality, manufacturing excellence and customer service. We
believe ownership under INEOS will enable WL to strengthen our position
in the market place through upstream integration backed by the resources
of a global company enabling the next phase of WL Plastics growth.”