INEOS Styrolution makes final investment decision for ASA capacity in the Americas

  • Continued commitment to meet our customers’ increasing future demand
  • Expanding ASA and ABS production capacity in North America
  • Underlining of the company’s Triple Shift growth strategy

INEOS Styrolution, the global leader in styrenics, announces today the final investment decision to construct a new 100kt capacity ASA plant at its site in Bayport, Texas. 

The new ASA (acrylonitrile styrene acrylate polymer) facility strengthens the INEOS Styrolution position as the only global producer with ASA production capacity in all regions.  Upon the start-up, scheduled for 2021, the new facility will unleash additional capacity of ABS polymers at the existing INEOS Styrolution Altamira plant in Mexico.

A contract for engineering, procurement, and construction has been awarded to WorleyParsons, a leading global provider for the chemical industry.

“I am looking forward to offering our customers additional ASA capacity allowing for more flexible production of specialty grades per their growing demand in the Americas. In addition, we will be able to produce more ABS in our existing plant in Mexico also serving the growing ABS market,” explains Alexander Glueck, President Americas.

Kevin McQuade, CEO INEOS Styrolution, comments: “We continue to follow a strong growth path to meet customer needs, particularly in growth markets like the Americas. Our Triple Shift growth strategy continues to serve as an excellent advisor.”

ABOUT INEOS STYROLUTION

INEOS Styrolution is the leading, global styrenics supplier with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 85 years of experience, INEOS Styrolution helps its customers succeed by offering the best possible solution, designed to give them a competitive edge in their markets. The company provides styrenic applications for many everyday products across a broad range of industries, including Automotive, Electronics, Household, Construction, Healthcare, Packaging and Toys/ Sports/ Leisure. In 2017, sales were at 5.3 billion euros. INEOS Styrolution employs approximately 3,300 people and operates 18 production sites in nine countries.


 

INEOS, EUROPE’S LARGEST PETROCHEMICALS COMPANY, ANNOUNCES ANTWERP AS THE LOCATION FOR ITS NEW GROUND BREAKING 3 BILLION EURO PETROCHEMICAL INVESTMENT.

The €3 billion investment will be the biggest ever made by INEOS and is first cracker to be built in Europe in 20 years.

The investment is a game changer for the chemical sectors and will bring huge benefits to the Belgium and wider European economies.

Sir Jim Ratcliffe, Founder and Chairman of INEOS says: “Our investment in a gas cracker and world-scale PDH unit is the largest of its kind in Europe for more than a generation and is an important development for the European petrochemical industry. We believe this investment will reverse years of decline in the sector.”

INEOS has today announced that Antwerp, Belgium will be the location for its multi-billion Euro project for an ethane gas cracker and world-scale PDH unit in Europe. The €3 billion investment is the largest investment in the European chemicals sector in 20 years and could be a game changer for the Belgium economy.

Sir Jim Ratcliffe, CEO and Chairman of INEOS said: “Our investment in a gas cracker and world-scale PDH unit is the largest of its kind in Europe for more than a generation and is an important development for the European petrochemical industry. We believe this investment will reverse years of decline in the European chemicals sector.”

The new petrochemical complex will be co-located with INEOS’ existing sites in Europe making polymers and will be connected by pipeline to a number of INEOS ethylene and propylene derivative units in the region.

INEOS already has a major presence in Belgium, employing 2500 people across 9 manufacturing sites, with 6 of these located in Antwerp and 3 Research and Technology centres.

John McNally, CEO of the Project said: “The selection of Antwerp as a location for these new assets is a significant step-forward for the development of this project. This decision builds upon our long-standing relationship with the Port of Antwerp, the City of Antwerp, and the governments of Flanders and Belgium.”

Rob Ingram, CEO INEOS Olefins & Polymers Europe. North said: “The addition of these world-scale assets, using cutting edge technologies that are also highly energy efficient, will give us a competitive and sustainable cost base. We believe this will significantly strengthen the whole of the ethylene and propylene derivative chains within INEOS and allows us to continue to support the growth and development of our customers for years to come.”