04 August 2011 

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 includes:

- 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


2011/8/10 Plasteurope

VINYLS ITALIA
Prospects dim for preserving PVC chain at Porto Marghera and Porto Torres / Hope for Ravenna

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 site.


2011/10/26 Plasteurope.com

Vinyls Italia
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 Industrie Generali.

Ineos のイタリアの塩ビ事業は、元はEnichem の事業であった。
Porto MargheraRavennaPorto Torres VCM工場、Porto MargheraRavennaS-PVC工場、Porto Torres E-PVC工場を持っている。(Porto Marghera には、EDC 40万トン、VCM 25万トン、PVC 20万トンがある)

2009/2/20 Ineos のイタリアのVCM/PVC事業、破産の危機を脱する  
2009/8/1  Vinyls Italia準破産処理

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.

工場 従来製品 引き受け手 製品
Ravenna VCM、 PVC Industrie Generali PVC 140、000t→200、000t
Porto Marghera VCM、 PVC Oleificio Medio Piave flour and vegetable oils
Porto Torres VCM Polimeri(Eni)/Novamont 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

-------------

2011/9/2 Plasteurope.com

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’ blessing.

01/09/2011/9/1 IGS

Start up of PVC plant in Ravenna

Industrie Generali will re-start the PVC production in Ravenna within year 2011.
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 future”.

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 & TOTAL Petrochemicals)
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

製油所のうち、Pennsylvania州のMarcus Hook refineryは2011年12月に停止した。

しかし、現在のところ、製油所としての買い手は見つかっていない。
このため、Marcellus Shale の副産品を含む燃料の貯蔵、加工などの多目的プラントとして使用するとの見方がある。

 

Carlyle Groupは2012年7月2日、Sunocoとの間で合弁会社 Philadelphia Energy Solutionsを設立することで合意したと発表した。

8月に停止予定であったSunocoのPhiladelphia Refinery をJVに移し、稼働を続ける。

CarlyleはJVのマジョリティを持ち、運営責任に当たる。
Sunocoは現物出資でマイノリティシェアを得るが、経営には参加しない。

同製油所は東海岸で連続稼働する最古の製油所で、能力は日量330千バレル。

Carlyleでは、米北東部でのエネルギーのハブとして重要であるとともに、 Marcellus Shaleの天然ガスに関し、新しいビジネスチャンスがあるとしている。

2012/7/10    Sunoco、Philadelphia 製油所の停止を取りやめ 

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.

----

Bloomberg

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 capacity.

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 costs.

------

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.”


2012/11/19 Ineos    

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、 China

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 business”.

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.


2013/3/11 Ineos             2011/2/2 INEOSSinopec 、フェノールJV設立の覚書締結 

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 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. 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 Tianjin.

 


European Plastics News 2013/5/1 

Ineos said to be close to hiving off chlor-vinyls unit

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.

Kerlingは旧称 Hydro Polymerで、Ineos2007年にNorsk Hydro から買収した。
    
2007/5/25 INEOSNorsk Hydro からポリマー事業を買収

ベルギーのTessenderloに本拠を置くTessenderlo Group614日、塩ビ関連事業をIneosグループのKerlingに売却すると発表した。
       
2011/6/22  ベルギーのTessenderlo、塩ビ関連事業をIneosグループに売却 


2013/5/22  INEOS   

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 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 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™ film

INEOS Barex AG has entered into an agreement to acquire the Mitsui Polyacrylonitriles Business including PAN resin and Zexlon™ film from Mitsui Chemicals Inc.

ガスバリヤー性、深絞り加工性、耐薬品性、保香性など優れた機能を持ちながら、透明性と光沢性、薄肉化・軽量化を実現した画期的なハイバリヤーシート・フィルム。――それが「ゼクロン」です。(三井化学の「バレックス」から生まれた多機能ハイバリアシート・フィルム)

「バレックス」は、食品から医薬、電子部品に至るまで、さまざまな包装用途にお応えする高機能な熱可塑性樹脂(PAN樹脂)です。

タマポリと三井化学の2社が各々のブランド名でPANフィルムを販売しており、タマポリが81%と極めて高いシェアを獲得している。
三井化学はタマポリからPANフィルムを調達
タマポリが製造に使用するPAN樹脂は三井化学から調達している。

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™ film”.

ーーー

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™ film”.

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 techniques.

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.

ーーー

INEOS Barex

INEOS Barex manufactures a specialized acrylonitrile-methyl acrylate co-polymer; Barex®.

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 (France).

INEOS NOVA設立時、NOVAの発泡PS事業は「Styrenix」ではなく、「発泡PS & 機能製品」部門に属しており、JVには出さず自社で運営した。

2007/9/24  INEOS NOVA スタートへ
2010/11/22  Nova ChemicalsIneos Novaから撤退


2013/7/11 Ineos 

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.

広東省恵州市  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 pipe products.

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.


2013/7/24 Ineos     

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.

2011/2/2 INEOSSinopec 、フェノールJV設立の覚書締結 

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 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 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 running.

"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."
Bitter dispute

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 conditions.

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 pension scheme.

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 petrochemical complex.

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 constituency party.

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 member.

"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 too quickly.

"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."
 


2013/11/8 INEOS 

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 (大型船が入港できるエチレンターミナル)at the 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 European facilities.

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 Telegraph 

European 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 at risk

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 declared.
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 sector.
 
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 chemical industry.”

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 Barroso、
President European Commission
European Commission
Rue de la Loi 200
B-1049 Brussels

Dear President Barroso、

RE: Europe’s Chemical Industry

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 $2.6 trillion.

In Europe、 chemicals and automotives share top billing with $1 trillion each. Economically speaking、 chemicals is one of Europe’s jewels in the crown.

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 disadvantage.

Strategically、 and economically、 no large economy should abandon its chemical industry.

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 save it.

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 league. 

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 mind?

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 time ever have 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.

Yours faithfully、

Jim Ratcliffe

Chairman

INEOS

 

ーーー

2014/1/15

José Manuel Durão Barroso
President
European Commission

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 in Europe.

・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 be mobilized.

・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 sector.

We ask for a strong political signal in order to mobilise further investments in the EU.
 


2014/3/21 Ineos

INEOS announces legal action against Sinopec and Sinopec subsidiaries

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 country.

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 standards.  

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.

Consultation Experience Table   Sinopec Ningbo Engineering
No. Title Construction by Capacity(kt/a) Completion
A Consultation      
(a) AN and its Accessory Works      
1 Qingdao Soda Ash 260、000t/y AN and 90、000t/y MMA Project Feasibility Study Technology Qindao Soda Ash Stock Industrial Co.、 Ltd 260、000t/y AN and 90、000t/y MMA Project Undergoing
2 Shanghai SECCO AN Plant Shanghai SECCO Company Newly-built 260、000t/y AN Plant Undergoing
3 Shandong Haihua Group AN Plant Shandong Haihua Group 260、000t/y AN Plant Undergoing
4 Ningbo Huatai Shengfu Polymeric Material Co.、 Ltd 260、000t/y AN and 90、000t/y MMA Project Feasibility Study Ningbo Huatai Shengfu Polymeric Material Co.、 Ltd 260、000t/y AN and 90、000t/y MMA Project Feasibility Studay 2012
5 Zhejiang East Sea Refinery Integration JV Project AN Plant、 Acetone Cyanohydrin Plant and SAR Plant Technical Consultation Service CNPC PetroChina Company Limited Refinery Engineering Construction Project Team   2011
6 Technical consultation of Ningbo Keyuan propane dehydrogenation and AN project Ningbo Keyuan Plastic Co.、 Ltd   2010
7 Technical consultation of Bluestar Fiber 14 x 104 t/y AN and 5 x 104 t/y Polyacrylamide project Lanzhou BlueStar Fibre Co.、 Ltd 14 x 104 t/y AN and 5 x 104 t/y 2009
8 AN revamping and expanding Petrol China Jihua Branch Change from 330 to 420 2008
9 AN revamping and expanding Petrol China Jihua Group Change from 210 to 330 2007
10 AN revamping and expanding SINOPEC Anqin Branch   2007
11 AN HRSG technical revamping Petrol China Fushun Petrochemical Acrylic Fiber Factory   2007
12 Acrylic Fiber Factory utility expanding project Petrol China Fushun Petrochemical Company   2007
13 AN revamping and expanding Petrol China Fushun Petrochemical Branch Change from 80 to 92 2006
14 AN Petrol China Fushun Petrochemical Branch 100 2005
15 AN Shanghai SECCO 260 2005
(b) Gasification and Fertilizer Works by Different Raw Gases      
1 PetroChina Jilin Branch Oil to Gas Project PetroChina Jilin Branch 300,000t/y synthesis ammonia and 520、000t/y urea Undergoing
2 Dimethyl ether Zhongtian Hechuang Co.、 Ltd 3000 2013
3 Oil to gas Petrol China Jilin Fenhua Company Synthesis ammonia 300、 urea 520 2007
4 Fertilizer relocation SINOPEC Jinlin Petrochemical Company Synthesis ammonia 300、 urea 520 2006
5 Oil to Coal revamping SINOPEC Hubei Fertilizer Company Synthesis ammonia 300 2006
6 First fertilizer plant increase production 50% Petrol China Urumqi Petrochemical Branch Synthesis ammonia 450、 urea 780 2006
7 Coal gasification SINOPEC Balin Petrochemical Branch Synthesis ammonia 300 2006
8 Fertilizer feedstock structure adjustment SINOPEC Anqin Petrochemical Branch Synthesis ammonia 300 2006
9 Synthesis ammonia energy saving and revamping Liuzhou Chemical Co.、 Ltd Synthesis ammonia 300 2006
(c) Ethylene & downstream products and other works      
1 Tetrahydrofuran (THF) Japan Mitsubishi Chemistry 25 2009
2 Acetic acid Petrol Chemical Urumqi Petrochemical Branch 100 2007
3 Acetic acid expanding Yangtze Acetyl Chemical Co.、 Ltd Expand from 150 to 350 2006
4 Organic silicon Jiangxi Star Organic Silicon Plant 100 2006
5 Acetate anhydride Danyang Chemical Group 20 2006
B Environmental Assessment Project   Investment amount (ten thousand RMB)  
1 Environmental Assessment on ZRCC Power Station Supplementary Desulphur and Denitrition Revamp Project SINOPEC Zhenhai Refinery Chemical Company Branch   Undergoing
2 Environmental Assessment on Gansu 800t/a Acrylic Acid Catalyst Production Project Gansu Donghua New Material Co.、 Ltd   2013
3 Environmental Assessment on Hainan Refinery Chemical Co.、 Ltd 10000N3/h PSA H2 Recovery Plant Project Hainan Refinery Chemical Co.、 Ltd   2012
4 Environmental assessment on MMA expanding project Lucite International Chemical Industry Co.、 Ltd   2011
5 Environmental assessment on TDI technical innovation project Gansu Yinda Chemical Co.、 Ltd   2011
6 Environmental assessment on acetate reaction and distillation integration technical innovation project Ningbo Yongshun Fine Chemical Co.、 Ltd   2011
7 170x104t/y coal to methanol and transforming olefin Anhui Huaihua Group Co.、 Ltd 1250000 2009
8 Natural gas acetylene revamping and expanding (30 x104t/y vinyl acetate) SINOPEC Sichuan Vinylon Factory 470000 2008
9 Dazhou fertilizer relocation SINOPEC Qilu Branch 90000 2008
10 Fertilizer plant revamping and expanding Gansu Liuhua Chemical Corporation (Group) 50 2007

-------

http://english.jl.gov.cn/Investment/Opportunities/Industry/syhg/201303/t20130319_1430999.html

At 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. 

At 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. 

In 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 acrylonitrile. 

 

--------

Mar 21、 2014 Reuters

Sinopec denies violating INEOS chemical patent

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 statement.

"But in this case、 we have to take action to protect the interests of our stakeholders."

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 to movies.

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.



2014/2/20                     

INEOS and Sinopec YPC sign joint venture agreement

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 Nanjing China. 

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 Nanjing.  

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 resins.

 ---------------

 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.

“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 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 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.


Jun 9、 2014 Oil & Gas Jpurnal

Sasol、 Ineos plan HDPE plant for Texas                 MOU

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 companies said.

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 positions.

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.


26 June 2014                      2014/5/13 SolvayとINEOSの塩ビJV、EUが条件付でようやく承認 

INEOS and Solvay sign definitive Joint Venture agreement to create leading PVC producer INOVYN

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 global producers."

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、 INEOS Capital.

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

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 energy security.”   

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 storage tank.”

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."  

Press information: 


2014/10/1

INEOS Signs Polyethylene Technology License Agreements with ASCENT
http://www.ineos.com/news/ineos-group/ineos-signs-polyethylene-technology-license-agreements-with-ascent/


INEOS Technologies announced today that it has entered into license agreements for its Innovene S and Innovene G polyethylene technologies to be used by the proposed ASCENT (Appalachian Shale Cracker Enterprise) petrochemical complex currently being evaluated by Odebrecht and Braskem in West Virginia、 United States.

The project's blueprint includes an ethane crackerthree 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 consistent products.

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 Appalachian Region.”

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.

   2013/5 INEOS Barex AG has entered into an agreement to acquire the Mitsui Polyacrylonitriles Business including PAN resin and Zexlon™ film
 


 

富徳常州 能源化工にInnovene PP技術をライセンス

Ineosは12月19日、富徳能源投資(Fund Energy Investment Holdings)の子会社 富徳常州 能源化工発展有限公司 (Full-Tech (Changzhou) Chemistry & Development Company Limited) にInnovene PP processをライセンスしたと発表した。
能力は年産30万トン。

富徳常州)は100万トンのDMTODimethyl Ether /Methanol to Olefin)、9万トンのOCU(エチレン→プロピレン)、30万トンのPP(本件)、50万トンのSMを計画している。

ーーー

寧波市の富徳能源投資は富徳生命保険(Sino Life Insurance)が2013年3月に設立したエネルギーとケミカルの企業。

2013年6月に浙江天聖控股(Zhejiang Tiansheng Holdings Company) と戦略的協力協定を締結、7月に浙江天聖の子会社の寧波河源化工(Ningbo Heyuan Chemical Company)を買収し、寧波富徳能源(
Fund Energy Ningbo Co.、 Ltd.) と改称した

現在、寧波富徳能源は年産 180万トンのMTO (OCUを含む)、50万トンのエチレングリコール、40万トンのPPを持っている。

更に事業拡大のため、2つの子会社を設立した。

1)富徳常州 能源化工発展有限公司  本件

2)富徳(松原)能源化工 有限公司 (Fund 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 companies.

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は2007年6月29日、Lanxess との間でABS事業の合弁会社設立で合意したと発表した。

合弁会社の社名は INEOS ABS で、Lanxess のABS事業のLustran Polymers を引き継ぐ。
Ineos が合弁会社に51%を出資し、その分の対価として35百万ユーロをLanxessに支払う。

Lanxessは2009年にINEOS ABSの持株をINEOSに譲渡、同社はINEOSの100%子会社となった。
2007年のJV設立時にこの約束があったもの。

2007/7/4 Ineos、Lanxess のABS事業を買収へ


 


19 March 2015  INEOS

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 INEOS);
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.

------

2014/5/13 SolvayとINEOSの塩ビJV、EUが条件付でようやく承認 

JVから除外し売却する工場は以下の通りで、全てIneosの工場である。

対象工場 当初の両社提案 最終決定 各工場の由来
PVC

Beek、 Geleen (蘭)

Tessenderlo Groupから買収
PVC Mazingarbe (仏)
PVC Schkopau (独)

旧EVC(BSLのプラントを買収、増設)
PVC/VCM

Wilhelmshaven(独) 旧EVC(当初 ICI)
電解/EDC/VCM Tessenderlo (ベルギー) Tessenderlo Groupから買収
EDC

Runcorn (英)  旧EVC (当初 ICI)
《電解》

Runcorn (英)

注) 英国のRuncorn については、EDC工場を売却するとともに、電解工場についてはEDCの購入者と新JVとの間のJVとする。
    ベルギーの
Tessenderloは漂白剤も製造する。

 01 October 2015  

INEOS Americas LLC acquires Axiall Corporation Aromatics business for $62.9 million

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 people.
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.
 


 11 October 2015  

INEOS buys North Sea gas fields

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 LetterOne Group.

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 homes.

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 year.

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 INEOS.

---

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.

ドイツの大手エネルギー会社RWE AGは2014年3月17日、石油・ガス事業子会社のRWE 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。

売却先のLetterOne Groupは、ロシアの新興財閥のAlfa Groupがグローバルに石油・ガス事業を展開するために2013年に設立、200億ドル以上を投資するとしている。当面100億ドル以上を投資するとしており、多数のエネルギー企業の経営者を顧問として雇っている。

Alfa GroupはTNK-BPの株主であったAlfa-Access-Renova(AAR)の株主。

2014/3/24   ドイツ大手エネルギー会社RWE、石油・ガス事業をロシアの富豪に売却


Oct. 1、 2015

Axiall Corporation 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 approximately $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 year-end 2015.

The 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 businesses.”

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 California FloridaLouisiana Massachusetts New Mexico 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 standards.”

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.

2011/10/11 BASFとIneosのスチレン事業を統合した Styrolution がスタート 

新会社の製品は、SM、PS、ABS、スチレンブタジエンブロックコポリマー(SBC)、スチレン系コポリマー(SAN、AMSAN、ASA、MABS)と、それらのブレンド(ABS/PA、ASA/PA、ASA/PC)で、発泡ポリスチレン(EPS)は対象外で両社に残る。

2014/7/8   INEOS、BASFからスチレン系製品のJV Styrolutionの持分を買収

2016年1月 INEOS Styrolutionに改称

 


Synthosは旧称
Firma Chemiczna Dwory S.A で、ポーランド最大の化学品メーカーである。

2007年にチェコの化学会社 Kaucuk s.a を買収し、同年10月にSynthosに改称した。

主製品は合成ゴムとPSである。

PS部門ではPS、発泡ポリスチレン、押出発泡ポリスチレンを生産している。

2014/4/12 ポーランドのSynthos、ブラジルでネオジウム触媒ポリプタジエンゴム製造へ

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 chemical businesses.

The Valence Group acted as exclusive financial advisor to INEOS and Squire Patton Boggs acted as legal advisor.

 


2016/6/12 

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 bid.

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 Lincolnshire.

  ConocoPhillips Chevron INEOS Others
Britannia   58.7% ◎  32.3%、   Mitsui 9.0%
Britannia Satellites Brodgar 75.0% ◎ 25.0%    
Callanish 83.5% ◎ 16.5%    
Alder  26.3% 73.7% ◎     
Enochdhu 50.0% ◎  50.0%    
J-Area Judy / Joanne 36.5% ◎     Eni 33.0%、BG 30.5%
Jade 32.5% ◎ 19.9%   Eni 7.0%、BG 35.0%、OMV 5.6%
Jasmine   36.5% ◎     Eni 33.0%、BG 30.5%
Southern North Sea
   
CMS Murdoch 54.5% ◎     Tullow 34.0% ENGIE 11.5%
Caister 39.0% ◎      E.On E&P 40.0% ENGIE 21.0%
Boulton、 CMS III、
Kevin、 Katy、 Munro
46.0-59.5% ◎     ENGIE 26.4-44.5%、Tullow 9.5-22.5%
Galleon 8.4%     Shell 41.6% ◎ 
ExxonMobil 41.6%、Centrica 8.4%
LOGGS   50.0% ◎     BP 50.0%
Saturn Unit Saturn 42.9% ◎    35.1% Centrica 22.0%
Mimas 35.0% ◎    50.0% Centrica 15.0%
Tethys 25.0% ◎    75.0%  
V-Fields   50.0-61.1% ◎     BP 38.9-50.0%
Victor  20.0% ◎   10.0% Centrica 30.0%、ExxonMobil 25.0%、
Dana 10.0%、 CalEnergy 5.0%
Viking   50.0%◎     BP 50.0%
East Irish Sea Calder、 Darwen、Crossans & Asland 100%     Hydrocarbon Resources ◎
Millom & Dalton    
Others Clair 24.0%     BP 28.6% ◎、 Chevron 19.4%
MacCulloch 生産終了 40.0%     North Sea Production Co. ◎
Eni 40.0%、Noble 14.0%、Talisman 6.0%
Nicol 18.0%     Premier 70.0% ◎
JX Nippon 12.0%

----

2015/10/22 Ineos、英国の北海ガス田の権益を買収 

Ineosは10月11日、LetterOne Groupの子会社のDEA Deutsche Erdoel AGから英国の北海ガス田全ての権益を買収することで合意したと発表した。

ドイツの大手エネルギー会社RWE AGの石油・ガス事業子会社 RWE Dea AGは2002年に、英領北海のガス貯層にアクセスするため、Highland Energy を獲得し、社名をRWE Dea UK Ltd.とし、英領北海での活動を本格化させた。

RWE Dea AGは英国のほか、ドイツ、ノルウェーなどで幅広く石油とガスの採掘を行っている。

RWE AGは2014年3月、RWE Dea AGを51億ユーロで LetterOne Groupに売却する契約を締結した。
RWE Dea AGは
DEA Deutsche Erdoel AGに改称した

 LetterOne Groupはロシアの新興財閥で、TNK-BPの株主であったAlfa-Access-Renova の一員のAlfa Groupが、グローバルに石油・ガス事業を展開するために2013年に設立した企業で、当面100億ドル以上を投資するとしており、多数のエネルギー企業の経営者を顧問として雇っている。

脱原発政策が進むドイツでは電力大手が危機的状況に陥っている。再生可能エネルギーの普及で電力市価が下落し、火力発電所の収益が悪化しているためで、 RWEは2013年決算で1949年以来の赤字に転落し、307億ユーロの負債に苦しんでおり、2013年に石油・ガス事業の売却を決定した。

2014/3/24   ドイツ大手エネルギー会社RWE、石油・ガス事業をロシアの富豪に売却

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 と移ることとなる。



2016/10/31 INEOS 

INEOS Styrolution announces agreement to acquire K-Resin® SBC business

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 financial details.

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 Styrolution operations.”

ーーー

2016/10/31 Chevron

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 South Korea.
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.
 

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2007/5/23

The company will also be shutting down older, less efficient K-Resin® SBC production lines at the Pasadena Plastics Complex in Pasadena, Texas. 
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.





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 construction. 

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.” 

The purchase price was not disclosed.


2016/11/1 

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 construction.

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.”

The purchase price was not disclosed.


03 April 2017

INEOS to acquire the North Sea Forties Pipeline System and Kinneil Terminal from BP for $250m

 INEOS has today announced that it has agreed to acquire the Forties Pipeline System (FPS) and associated pipelines and facilities from BP.  The 235 mile Forties pipeline system links 85 North Sea oil and gas assets to the UK mainland and the INEOS site in Grangemouth in Scotland.

Under the terms of the agreement INEOS will pay BP a consideration of up to $250 million for the business, comprising a cash payment of $125 million on completion and an earn-out arrangement over seven years that could total $125 million.

On completion of the deal the ownership and operation of FPS, the Kinneil terminal and gas processing plant, the Dalmeny terminal, sites at Aberdeen, the Forties Unity Platform and associated infrastructure will transfer to INEOS. These assets will transfer as fully operational units, at which point INEOS will be responsible for a strategic UK asset that delivers almost 40% of the UK’s North Sea oil and gas.

It is expected that around 300 people that operate and support the FPS business at Kinneil, Grangemouth, Dalmeny and offshore will become part of the INEOS Upstream business.

Jim Ratcliffe said: “The North Sea continues to present new opportunities for INEOS. The Forties Pipeline System is a UK strategic asset and was originally designed to work together to feed the Grangemouth refinery and petrochemical facilities. We have a strong track record of acquiring non-core assets and improving their efficiency and reliability, securing long term employment and investment. I am delighted that we can now bring this integrated system back under single ownership in INEOS.”

BP group chief executive Bob Dudley commented: “BP is returning to growth in the North Sea as we bring important new projects, including the Quad 204 redevelopment and Clair Ridge, into production and pursue further opportunities beyond these. While the Forties pipeline had great significance in BP’s history, our business here is now centred around our major interests west of Shetland and in the Central North Sea.

The pipeline has long been an important feedstock supplier to INEOS at Grangemouth. We believe that through also owning FPS, INEOS will be able produce greater efficiencies and help secure a competitive long-term future for this important piece of UK oil and gas infrastructure.”

20% of the oil that passes down the pipeline feeds the INEOS refinery to provide 80% of Scotland’s fuel.

The agreement further expands the INEOS Upstream business following the acquisition of the Breagh and Clipper South gas fields in the Southern North Sea from Letter1 in 2015, which currently supply gas to 1 in 10 British homes.

The acquiring entity will be INEOS FPS Limited, which forms part of INEOS Limited but is not part of the IGH SA Group.

The acquisition and transfer of operatorship is targeted  to complete in Q3 this year, subject to the receipt of regulatory and other third party approvals.

Forties pipeline was opened in 1975 to transport oil from BP’s Forties field, the UK’s first major offshore oil field. Today FPS carries liquids production from some 85 fields in the Central and Northern North Sea and several Norwegian fields on behalf of 21 companies. In 2016, the pipeline’s average daily throughput was 445,000 barrels oil and some 3,500 tonnes of raw gas a day. The system has a capacity of 575,000 barrels of oil a day. BP sold its interests in the Forties field to Apache in 2003 and sold Grangemouth refinery and chemical plants to INEOS in 2005.

The FPS system primarily comprises a 169 kilometre (105 mile), 36” pipeline from the unmanned offshore Forties Unity platform to the onshore terminal at Cruden Bay. From there a 36” onshore pipeline transports the oil 209 kilometres (130 miles) south to the Kinneil facilities, adjacent to the Grangemouth refinery and chemical plant, where it is processed and stabilised before output is sent either for export via the Dalmeny terminal and Hound Point loading jetty or on to Grangemouth.

The deal includes the FPS business, including existing customer contracts, and assets including: