INEOS Phenol （Formally PHENOLCHEMIE) http://www.phenolchemie.com/
Phenol is the world’s largest producer of
Phenol and Acetone. INEOS Phenol’s manufacturing capacity
worldwide is approximately 1.5 times that of its closest
competitor and almost three times that of the next largest
INEOS Phenol is the only Phenol and Acetone manufacturer with production facilities both in Europe and America. These production facilities are supported by a global sales and distribution network. This network of facilities enables INEOS Phenol to provide its customers with a secure and competitively priced supply of Phenol and Acetone on a worldwide basis, leveraging the economies of scale of our world-scale plants.
The key applications for Phenol and Acetone are 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.
|1952-1954||Founding of PHENOLCHEMIE by Bergwerksgesellschaft Hibernia AG, Scholven Chemie, Rutgerswerke AG, and Harpener Bergbau AG in Gladbeck|
|1954||Start up of Gladbeck plant in Germany (8 ktpa Phenol)|
|1954-1999||Expansion of the Gladbeck site capacity in several steps to 620 ktpa Phenol|
|1969||Renaming of Scholven Chemie to VEBA Chemie AG|
|1979||Acquisition of 50 % share by VEBA Chemie AG and transferred to Huls AG|
|1993||Start-up of Antwerp plant in Belgium (200 ktpa Phenol)|
|1994||Full Acquisition by Huls AG|
|1997||Doubling of capacity at Antwerp plant (420 ktpa Phenol)|
|1998||Merger of Degussa AG and Huls AG resulting in Degussa-Huls AG|
|2000||Start up of Mobile plant in Alabama, USA (400 ktpa Phenol)|
|2001||INEOS acquires PHENOLCHEMIE and forms INEOS Phenol|
1952, INEOS Phenol was founded under the name Phenolchemie as a joint venture of
various industrial partners in Gladbeck, Germany, with the
specific purpose to manufacture phenol and acetone from cumene. Two years later,
production started with an annual capacity of 8000 tons of
Since then, the company grew continuously and became the leading phenol and acetone supplier in Europe. Starting in 1992, now under sole ownership of the former Huls AG, then Phenolchemie, disembarked on a program to internationalize. In 1993, a new plant was started in Antwerp, followed by the doubling of its capacity in 1997. From this plant, located in the Antwerp port with access to worldwide waterways, phenol and acetone have since been shipped to destinations throughout the world. Meanwhile INEOS Phenol grew into the world’s largest phenol and acetone manufacturer. This leading position is now supported by our new facility in Mobile, Alabama, United States, where a new grass-roots plant commenced production in April 2000. With this plant, INEOS Phenol is now also one of the largest domestic producers of phenol and acetone in North America.
Today, INEOS Phenol represents a group of companies with 650 employees with numerous sales representations and a logistics infrastructure around the world.
Phenol: 1440 ktpa
Acetone: 900 ktpa
AMS: 50 ktpa
Acetophenone: 5 ktpa
2001/4/5 Degussa Sells
Degussa AG, Duesseldorf, has sold its Phenolchemie subsidiary to the INEOS Group, United Kingdom, for DM 825 million (E 422 million). The contract was concluded on March 30, 2001, whereby execution is subject to receipt of competition clearance from the antitrust authorities. Silence has been agreed on further details of the agreement.
Degussa's Phenolchemie business holds a global leading position in the production of phenol and acetone. Based in Gladbeck, Germany, and equipped with further plants in Antwerp, Belgium, and Mobile, USA, Degussa's phenol operations generated sales of E 1.169 billion in fiscal 2000 with the help of some 700 employees.
Prof. Dr. Utz-Hellmuth Felcht, Management Board Chairman of Degussa AG, comments on the deal as follows: ''The Phenolchemie sale is a significant step in the swift implementation of our ambitious divestment program, and also gives clearer shape to our vision of the new Degussa as a corporation that focuses on specialty chemicals. At the same time, the change in ownership provides Phenolchemie with improved prerequisites for future worldwide growth.''
Phenolchemie's name changes to INEOS
As you may have heard, since April 2001 we are part of the British chemical group INEOS. Therefore we are pleased to inform you that effective October 1, 2001, we will operate under the name of INEOS Phenol Inc. in the USA and INEOS Phenol GmbH & Co. KG in Europe.
In addition, we would like to point out that only the company name has changed, but not the legal form or the company headquarters.