Innovene
2004/11 NOVA Chemicals announces intent to form European Styrenics Joint Venture with BP
2005/3 BP Announces New Identity for Petrochemicals Company Innovene
2005/5 BP and NOVA Chemicals sign binding agreements for European Styrenics JV:NOVA Innovene
2005/6 Innovene and Delta Oil Agree To Explore Major Petrochemical Investment in Saudi Arabia
2005/7 Shanghai Secco Olefins JV to Stay with BP After Innovene Spin-Off
2005/9 BP chemical unit Innovene sets $1 billion IPO
2005/10 BP Agrees Sale of Petrochemicals Business to INEOS for $9 Billion
Nova-Innovene slashes EPS capacity
2006/1 New INEOS business names confirmed (Innovene 統合による）
October 13, 2005
British Plastics & Rubber
Nova-Innovene slashes EPS capacity
The mothballed EPS plant at Nova Innovene's Carrington site in
Manchester
is being officially written off as part of a reduction in
overcapacity which also sees the closure of the Berre plant in
France. The
75,000 tonnes plant was shut down in 2002 and production
transferred to Berre and Ribecourt in France and Breda in the
Netherlands. Now the 65,000 tonnes plant at Berre, operated by
Shell Petrochimie Mediterranee is to be closed in the second half
of next year.
New INEOS business names
confirmed
http://www.ineos.com/new_item.php?id_press=115
Following the completion
of the acquisition of Innovene, announced on the 16th December,
INEOS is now able to confirm the names of the new businesses that
have been created as the company is integrated into the existing
INEOS structure.
Seven new Business units have been formed:
INEOS Refining - Grangemouth and Lavera refinery operations.
INEOS Olefins - Innovene’s Grangemouth, Lavera and Koln
Olefins activities including C2, C3, C4s and aromatics. The Saudi
Delta Project and INEOS Wilhelmshaven Project are included in
this business but it excludes Marl cumene.
INEOS Polyolefins - All Innovene’s polyethylene and polypropylene
European operations including the Solutions business. This
business also hosts Innovene’s Asian polyolefins operations.
INEOS Olefins & Polymers, USA - All of Innovene’s existing North American Olefins,
Polyethylene and Polypropylene business activities including
pipeline and terminal operations and the Hobbs NGL Fractionator
as well as Carson, Chocolate Bayou and Battleground manufacturing
sites. Styrene operations move to INEOS Styrenics.
INEOS Nitriles - All Innovene’s existing global nitriles
business excluding catalysts, licensing and additives, and Barex.
This business also hosts Innovene’s Asia nitriles operations.
INEOS Technologies - All Innovene technology licensing and
catalysts, INEOS ChlorVinyls licensing, catalysts and processing
aids, and the INEOS Enterprises Electrochemical Technology
Business.
INEOS Oligomers - Innovene’s global LAO, PAO, PIB business
and Koln’s oligomers business.
*ＬＡＯ（linear alpha olefin)、PAO（polyalphaolefin）、PIB (ポリイソブチレン）
The following
existing INEOS business names remain unchanged:
INEOS ChlorVinyls, INEOS Oxide, INEOS Films & Compounds,
INEOS Phenol, INEOS Fluor, INEOS Silicas, INEOS Melamines, INEOS
Paraform, INEOS Healthcare, INEOS Enterprises, INEOS Styrenics.
A plan to change the Innovene brand to the INEOS identity is now
in hand and over the coming weeks businesses will begin to refer
to themselves under their new identities.