INEOS Technologies selected to supply leading technologies to QINGDAO HAIJING
CHEMICAL (Group) Co. LTD for the production of Vinyl Chloride Monomer and
Suspension Polyvinyl Chloride 青島海晶化工
QINGDAO HAIJING CHEMICAL (Group) Co. LTD has selected INEOS Technologies Vinyl
Chloride Monomer (VCM) and Suspension Polyvinyl Chloride (S-PVC) technologies
for a project at its new site located at Dongjia-kou Port Industrial Zone、
Qingdao、 People’s Republic of China. 青島港董家口港区
The 400 ktpa VCM plant features production of VCM by pyrolysis of Ethylene
Dichloride (EDC). The EDC will be produced using high and low temperature
chlorination and INEOS’s unique two stage fixed bed oxychlorination process.
The 300 ktpa S-PVC plant will produce a full range of suspension PVC grades from VCM using INEOS Technologies suspension process、 including the use of INEOS
Technologies proprietary PVC additives and recipes.
The two plants、 forming part of a broader petrochemical complex、 are scheduled
to start-up in 2013.
Peter Williams、 CEO INEOS Technologies、 stated: ”We are delighted to welcome
Qingdao Haijing into our family of licensees. Qingdao Haijing has set a very
clear strategy to become a leading Vinyls player in China using best in class
technologies for safety、 ease of operation、 product range and environmental
impact. We look forward to contributing to a very successful project”.
Mr Li Ming、 Chairman of the Board of QINGDAO HAIJING、 commented: “The Qingdao
Haijing project is a very important step for the Haiwan Group’s Production and
Growth Plan. In order to be competitive in the PVC market、 Qingdao Haijing
performed a rigorous selection process and chose the most advanced technology
available. Qingdao Haijing's cooperation with INEOS Technologies is just
beginning. INEOS Technologies VCM and PVC technologies proved to be the safest、
most environmental friendly and most efficient processes.”
Notes to Editors:
Qingdao Haijing Chemical Group Ltd (originally named Qingdao Chemical Factory)
was formed in 1947. Through its more than 50 years of industrial experience、
Qingdao Chemical Factory developed into a large Class II national firm. In
September 1999、 the Factory became Qingdao Haijing Chemical Co.、 Ltd、 a
subsidiary of Qingdao Kailian (Group) Co.、 Ltd.
Their main products include polyvinyl chloride、 chlorinated polyethylene、
caustic soda、 chlorhydric acid、 liquid chlorine、 iron trichloride、 and other
organic and inorganic products. These products are very popular in China. Some
have been exported to foreign markets. The company is one of China's important
suppliers of basic chemicals. Its main products are caustic soda
12、000tons/year、 PVC resin 80、000tons/year、 chlorinated polyethylene
12、000tons/year、 liquid chlorine 60、000 t/a、 chlorhydric acid 240、000 t/a.
The new manufacturing site will be located at Dongjiakou Port Industrial Zone、
Qingdao、 People’s Republic of China. Qingdao is situated in Shandong Province、
approx. 550km South East of Beijing. This new site will increase the company’s
total VCM and PVC production capability and represent a yearly sales volume of
3.6 billion RMB.
INEOS Technologies is a leading developer and licensor of chemical technologies、
catalysts、 additives and components. INEOS Technologies is part of the INEOS
group of companies – one of the world’s largest petrochemical companies.
In the vinyls sector、 INEOS Technologies is the leading Licensor with over 45
years experience in the field through its founder companies. It has over 125
licensed facilites in the world operating its technologies for a total of above
21 million tons、 and 3 million tons of capacity under design or construction.
INEOS is also the leading vinyls producer in Europe.
INEOS Technologies’ complete portfolio of leading licensed technologies
- Vinyls – technologies for the production of EDC、 VCM and PVC
- BICHLOR – membrane electrolyser technology for chlor alkali production
- Innovene PP – gas phase technology for the production of polypropylene
- Innovene S – slurry technology for the production of mono and bi-modal HDPE
- Innovene G –swing gas phase technology for the production of LLDPE and HDPE
- Nitriles – technology for the production of acrylonitrile and maleic anhydride
Prospects dim for preserving PVC chain at Porto Marghera and Porto Torres / Hope
The death knell appears to have been sounded for Italy’s PVC production at Porto
Marghera、 near Venice、 and Porto Torres on Sardinia. The period of
“extraordinary administration” for Vinyls Italia (Porto Marghera)、
the former Ineos subsidiary、 will end on 8 September without a buyer on the horizon. All
talks about a viable way forward for the two sites evidently have fallen victim
to the country’s economic and energy realities and、 ultimately、 petrochemicals
giant Eni’s plan to withdraw from chlorine production. If no surprises occur、 the
vinyls activities are likely to be wound down、 ending a drama that has played out for at least half a decade.
Even the trade unions、 long at the forefront of efforts to save Italy’s
petrochemicals and plastics industry、 seem to be convinced that there is nothing
more that can be done. A weak ray of hope for Porto Marghera may exist.
According to Salvatore Barone、 industry manager at the Italian general labour
confederation CGIL (www.cgil.it)、 there is interest in locating other、 non
chlorine-related production there. If these plans do not pan out、 Barone said
local authorities must find new owners for the Eni-owned industrial property.
At Ravenna、 another Vinyls Italia site、 the protracted talks with the wholly
family-owned Industrie Generali (IGS、 Samarate / Italy) and Italy’s ministry for
economic development are continuing. CEO Roberto Castiglioni told national media that
his company is still analysing feedstock supply at the site to which it only
gained access in May.
Eni、 linchpin in any deal involving chemicals in Italy、 in the end may play a
role in the “greening” of the sector、 which in the past several years has
dwindled to a fraction of its earlier importance. In June、 it outlined plans for
its new bioplastics hub at Porto Torres in a 50:50 joint venture with leading
bioplastics producer Novamont. The group has told the economics ministry that
this could absorb some of the workers made redundant in the shutdown of
petrochemical activities – including the 250、000 t/y cracker owned by Eni
subsidiary Polimeri Europa. However、 the
environmental group IRS、 which uncovered chemical contamination in the Gulf of Asinara
surrounding Porto Torres that eventually led to the indictment of four company
managers said it has “major
doubts” that the “green” project will help to protect or create jobs at the
Eni in supply agreement for Ravenna PVC
Sale said to be imminent
Vegetable oils at Porto Marghera?
Italy’s government and trade unions are making slow but visible progress towards
securing the future of the Vinyls Italia production sites formerly owned by
Ineos. The best news for Italian workers is that energy and petrochemicals
conglomerate Eni has agreed to supply the feedstock necessary to restart PVC
production at Ravenna under new owner
According to Italian reports、 the sale to IGS
is due to close today、 26 October. After two years of uncertainty、 however、 the
trade unions say members are not holding their breath.
The expected new owner of the Ravenna site says it will recommence PVC
production by the end of 2011、 with output averaging
140、000 t/y for the first year. Disputes with the Eni group over
feedstock were one of the reasons for Ineos backing away from its Italian
operations and for the long delay in selling the assets.
At Vinyls’ Porto Torres (Sardinia) site、 a joint venture of Eni subsidiary
Polimeri Italia and Italy’s leading bioplastics producer Novamont is to build a
EUR 500m bio-based chemical complex
Tentative plans for a third location、 the
former headquarters of Vinyls Italia at Porto Marghera、 are being drawn up –
subject to approval by the site’s owner、 Eni subsidiary Syndial. Far removed
from the traditional petrochemicals orientation、 Oleificio Medio Piave would
produce flour and vegetable oils from oilseed. This would at least guarantee the
site’s 120 jobs.
Oleificio Medio Piave
flour and vegetable oils
Bio-based chemical complex
June 23、 2011
Polimeri Europa、 Novamont to invest $700M
in bio-based product complex in Italy
In Italy、 Polimeri Europa and Novamont announced a new
50-50 joint venture、 Matrìca、 which will design、 build and manage a
bio-based chemical complex in Porto Torres、 at a cost of $700 million. The
complex will consist of seven new plants using oil feedstock for the
production of bio-plastics、 bio-lubricants and bio-additives for elastomers、
and a research center.
The research center is expected to be in operations next quarter、 while the
plants are to be completed in the next 6 years.
Published on 26.10.2011
Vinyls Italia plant in Ravenna acquired
PVC production to resume in mid-October
After two years in administration、 there appears to be good news for
the Ravenna PVC plant of Vinyls Italia and proof
that Italy’s vinyls activities are not dead . Reports indicate that
Industrie Generali spa – via its CO.EM subsidiary – has signed a contract
to take over the plant. The transaction reportedly has received the unions’
Start up of PVC plant in Ravenna
Industrie Generali will re-start the PVC production in Ravenna within year
The site formerly owned by Vynils ( INEOS ) has been assigned to Industrie
Generali by the high commissioner appointed by the Italian Government
The output will be 140.000 mTons for the first 12 month of production
IGS plans to invest EUR 10m in the short term to get the plant up and running
again. According to CEO Roberto Castiglioni、 production is set to begin within
the next 30-40 days. The group initially plans to hire 34 employees、 a number
that is expected to rise to a total of 50 in the course of the next six months.
Italian media reports assert that IGS plans to raise the plant’s existing
140、000 t/y capacity to 200、000 t/y.
The acquisition significantly changes IGS’ business activities. Until now、 the
company、 which has capacity to compound 20、000 t/y of polymer in Vanzaghello、
was mostly active in the distribution business. In 2009、 IGS distributed some
95、000 t of plastics – including PVC compounds、 HDPE、 LDPE、 PP homopolymers and
plasticisers as well as BOPP film. The materials are procured from Arkema、 BASF、
Carmel Olefins and Hellenic Petroleum、 among others.
With its own PVC production、 IGS has moved to an entirely different league、
becoming self-sufficient with regard to feedstock supply for PVC compounds. “We
have no problem compounding these feedstocks and selling them、” Castiglioni is
quoted across Italian media.
26 September 2012
INEOS Europe AG announces a
new agreement to source Ethane from the USA for import into Europe via the
Sunoco Logistics、 L.P. operated Mariner East project.
US ethane will provide
INEOS with an attractive source of feedstock for its European cracker
complexes for the foreseeable future.
INEOS Europe AG has today
announced that it has completed supply and infrastructure agreements that will
secure a significant volume of ethane feedstock from the US、 for use in its
European cracker complexes.
The company has agreed to a long term deal with Range Resources - Appalachia、
LLC for the lifting、 of ethane from the Marcus Hook
Facility from 2015 The agreement is effective upon Federal Energy
Regulatory Commission (FERC) approval of the Mariner East project . Range
Resources is one of the leading US independent upstream companies.
David Thompson、 Procurement & Supply Chain Director at INEOS Olefins & Polymers
Europe says: “The supply deal with Range Resources complements our portfolio of
feedstock agreements for our European crackers and will strengthen our
competitive position as an ethylene producer in Europe for the foreseeable
INEOS has also finalised Pipeline Transportation Services and Terminal Services
Agreements for the shipping of ethane from Houston、
Pennsylvania、 to Marcus Hook、 Pennsylvania、 with
subsidiaries of Sunoco.
The agreements will be valid for a duration of 15 years and will provide INEOS
Olefins & Polymers Europe with significant supply options for the future.
It is expected that when completed、 the Mariner East Project will transport
approximately 70、000 barrels per day of ethane and propane
from Houston、 Pennsylvania to the Marcus Hook terminal facilities.
Ethane will then be separated by fractionation and
held in storage ready for shipment to Europe. It is expected that ethane from
the Mariner East Project will become available during the first half of 2015.
Commenting on these well timed significant agreements、 David Thompson says:
“INEOS can now position itself as an attractive customer for upstream companies
with interests in the Marcellus、 Utica and Upper Devonian gas formations. We
will provide these companies with a credible option to diversify sales and
supply ethane into our downstream cracker complexes in Europe”.
Note to Editors
INEOS Olefins & Polymers Europe (http://www.ineos.com/bus_ole_int.html) operates
as a business unit within Ineos Europe AG and holds a pivotal position in the
European market、 both as a top tier manufacturer and leading industry supplier
to the market. Our olefins portfolio in Europe is built around four key
integrated cracker and derivative complexes:
1. Grangemouth、 United Kingdom
2. Köln、 Germany
3. Lavéra、 France (called Naphtachimie – a 50:50 joint venture between INEOS &
4. Rafnes、 Norway
Our Polyolefins capabilities position the business in Europe as a top tier
manufacturer and leading industry supplier to the PE and PP market.
The Mariner East Project is a pipeline、 processing
and terminalling project that will interconnect the natural gas liquids
resources in southwest Pennsylvania to Sunoco’s existing infrastructure and
international port at its Marcus Hook facility near Philadelphia.
seek to sell its Philadelphia and Marcus Hook refineries
Two other refineries
in the region that recently changed ownership - the former Sunoco refinery
now known as Philadelphia Energy Solutions and the Delta Air Lines refinery
in Trainer - both envision using Marcellus gas to reduce their costs.
Range Resources Corporation
is a leading independent oil and natural gas producer with operations focused in
Appalachia and the southwest region of the United States. The Company pursues an
organic growth strategy targeting high return、 low-cost projects within its
large inventory of low risk、 development drilling opportunities. The Company is
headquartered in Fort Worth、 Texas. More information about Range can be found at
http://www.rangeresources.com/ and http://www.myrangeresources.com/.
Sunoco Logistics Partners L.P. (http://www.sunocologistics.com/ ) is
headquartered in Philadelphia. The company owns and operates a logistics
business consisting of a number of complementary pipeline、 terminalling and
crude oil assets. The group owns approximately 5、400 miles of crude oil
pipelines、 located principally in Oklahoma and Texas. It also owns approximately
200 crude oil transport trucks and approximately 120 crude oil truck unloading
facilities. It has approximately 42 million barrels of refined products and
crude oil terminal capacity (including approximately 22 million shell barrels of
capacity at the Nederland Terminal on the Gulf Coast of Texas and approximately
5 million shell barrels of capacity at the Eagle Point terminal on the banks of
the Delaware River in New Jersey). The company’s Refined Products Pipelines
segment consists of approximately 2、500 miles of pipelines located in the
northeast、 midwest and southwest United States、 and equity interests in four
other refined products pipelines.
Former Sunoco refinery in
Marcus Hook will process Marcellus Shale products
Sunoco Inc. announced Wednesday that its shuttered Marcus Hook refinery would be
reborn as a facility to process Marcellus Shale natural-gas products、 fueling
new construction and traffic through the Delaware River port.
Sunoco's pipeline subsidiary、 Sunoco Logistics Partners
L.P.、 is moving forward with a plan to transport
high-value propane and ethane by pipeline from Western Pennsylvania to Marcus
Hook、 where the materials will be processed in a new plant and shipped by
sea to domestic and export markets.
State officials hailed the project -- which Sunoco calls
Mariner East -- as a boost for Pennsylvania's Marcellus Shale industry by
connecting the areas producing natural gas in Western Pennsylvania to markets
linked to Philadelphia.
"I have long held that the Marcellus Shale is an important resource that over
time would benefit the entire commonwealth、" Gov. Corbett said in a statement.
The pipeline project is the latest industrial venture built on confidence that
the Marcellus Shale、 where full-scale production began barely four years ago、
represents a long-term reliable energy supply.
Sunoco Logistics announced the Mariner East project in 2010 as a way to
repurpose an underused Sunoco pipeline that historically moved refined
products from east to west.
Sunoco Logistics and its partner、 MarkWest Energy Partners L.P.、 conceived of
reversing the pipeline flow to move the abundance of natural-gas liquids derived
from the "wet" gas produced in Western Pennsylvania. MarkWest、 based in Denver、
is a leading processor of natural-gas liquids.
The Mariner East project envisions moving ethane and propane from Marcus Hook by
sea to petrochemical plants overseas or along the Gulf Coast that value the
natural-gas liquids as a raw material for plastics.
Range Resources Corp.、 the Marcellus pioneer whose
drilling operations are concentrated in liquids-rich parts of southwestern
Pennsylvania、 has signed a 15-year agreement as the anchor shipper. Range has
committed to provide 40、000 barrels of the project's 70、000-barrel-per-day
Range、 based in Fort Worth、 Texas、 has lined up a customer for its ethane. It
announced Wednesday that it had signed a separate 15-year
agreement with affiliates of INEOS A.G.、 a Swiss petrochemical producer
that will take delivery of the material at Sunoco's Marcus Hook docks. INEOS has
plants in Europe、 the Americas、 and Asia.
The Mariner East project is one of several ventures that have been competing to
capture a share of the valuable ethane market.
Sunoco Logistics and MarkWest also teamed on a project called
Mariner West、 which is converting a pipeline to
ship ethane from Western Pennsylvania to a petrochemical
plant in Sarnia、 Ontario.
Enterprise Products Partners L.P. is moving ahead with a pipeline to move ethane
overland from Appalachia to Texas.
And Shell Chemical L.P. announced in March that it had selected a site in Beaver
County to build an "ethane cracker" by 2017 to convert the material into
petrochemicals in Pennsylvania.
Mariner East is expected to be transporting propane by the second half of 2014
and delivering propane and ethane in the first half of 2015. Construction will
employ about 450 people.
Sunoco Logistics is investing $600 million in the two Mariner projects、 company
spokesman Thomas P. Golembeski said.
Industry officials suggest the Mariner East project may be only the beginning.
Sunoco Logistics said that based on the "significant interest" it had received
from producers and industrial customers of liquids、 it was already evaluating a
second "open season" to expand the pipeline's capacity.
Range Resources、 a major shipper on all three ethane pipelines、 said its 15-year
commitments still represented only 30 percent of the one billion barrels of
natural-gas liquids in its reserves in southwestern Pennsylvania.
Jeff Ventura、 Range's president and chief executive、 said the Mariner East
project could "help to serve as a building block for the potential expansion of
the region's petrochemical industry."
It also will bring new supplies of propane into Northeastern markets、 where it
has broad residential and industrial applications.
As part of the pipeline project、 which requires approval by the Federal Energy
Regulatory Commission、 Sunoco Logistics will construct a pipeline from
MarkWest's processing complex in Houston、 Pa.、 to the existing Sunoco pipeline
in Delmont、 Pa. MarkWest separates the ethane and propane from natural gas
through a supercooling process that converts the material into liquids.
The pipeline will move the liquids to Marcus Hook、 where Sunoco Logistics will
construct facilities to process、 store、 chill、 and distribute the fuels to
regional and overseas markets.
MarkWest this year started delivering propane to Marcus Hook by rail for export.
Local and state officials have promoted the Marcus Hook facility as a regional
"energy hub" since Sunoco shut down the petroleum refinery there in December.
Two other refineries in the region that recently changed ownership -- the former
Sunoco refinery now known as Philadelphia Energy Solutions and the Delta Air
Lines refinery in Trainer -- both envision using Marcellus gas to reduce their
September 7、 2011
Sunoco Logistics Partners
L.P. announces successful open season for Project Mariner West
Sunoco Logistics Partners L.P. today announced that it had a successful open
season for Project Mariner West. Sunoco Logistics received binding commitments
that enable the project to proceed as designed with an initial capacity to
transport approximately 50、000 barrels per day and the ability to expand to
support higher volumes as needed.
Mariner West is a pipeline project developed jointly by Sunoco Logistics and
MarkWest Liberty Midstream & Resources、 LLC、 a partnership between MarkWest
Energy Partners、 L.P. and The Energy & Minerals Group. The project will deliver
ethane from the liquid-rich Marcellus Shale processing and fractionation areas
in Western Pennsylvania to the Sarnia、 Ontario petrochemical market.
Together with Mariner East、 a previously announced
Sunoco Logistics/MarkWest Liberty pipeline and marine project developed to
transport ethane produced in the Marcellus to the US Gulf Coast and
International markets、 these projects provide Marcellus producers with a
comprehensive ethane takeaway solution for the Marcellus Shale basin.
“We are pleased to announce a successful open season for Mariner West、” said
Lynn L. Elsenhans、 chairman and chief executive officer. “We received binding
commitments that enable this project to move forward. The project is underway
and is scheduled to be operational by July 2013. In addition、 we look forward to
continuing to work on the Mariner East project and expand our relationship with
MarkWest Liberty. We believe our existing infrastructure and the ability to
reach multiple market destinations provide a cost-efficient and flexible
solution to transport additional Marcellus Shale ethane production.”
China Shenhua Coal to
Chemical Xingjiang Coal Chemical Company has been selected INEOS Technologies'
Innovene PP process for their new project in Xinjiang Uyghur Autonomous Region、
INEOS Technologies is pleased to announce that it has licensed its
Innovene PP Process for the manufacture of homopolymers、 random
copolymers and impact copolymers to China Shenhua Coal to
Chemical Xingjiang Coal Chemical Company、 a subsidiary of
China Shenhua Group Corporation Limited located
in Urumqi City、 Xinjiang Uyghur Autonomous Region of China.
The 450 KTA Innovene PP plant、 downstream from a
MTO unit、 will produce a wide range of polypropylene products to serve the
growing PP market in China.
Peter Williams、 CEO of INEOS Technologies、 commented: "INEOS Technologies is
very proud of the fact that China Shenhua Group Corporation Limited has again
chosen INEOS technology platform for the development of its polypropylene
In early 2012、 Shenhua’s
Coal to Olefins business chose Innovene PP technology for their second MTO
complex to be built by a subsidiary、 Yulin Coal Chemical Company in Yulin city
of Shaanxi Province.
INEOS and Sinopec initial
agreements to form 1.2 million tonne cumene、 phenol and acetone Joint Venture to
be based at the Nanjing Chemical Industrial Park in Jiangsu Province、 China.
China Environmental Impact Assessment (EIA) approval from relevant Chinese
government authority is a major step forward for project to build the largest
Phenol facility in China.
INEOS Phenol and Sinopec Yangzi Petrochemical Company (Sinopec YPC) have today
initialled joint venture agreements for the design、 build and future operation
of a 1.2million tonne cumene、 phenol and acetone complex at the Nanjing Chemical
Industrial Park in Jiangsu Province、 China. It is currently expected that the
project will be completed by the end of 2015.
The partnership will benefit from Sinopec’s local feedstock advantages and
cumene technology and INEOS’ proprietary phenol technology. The annual capacity
of the new facility will be at least 400、000 tonnes of
phenol and 250、000 tonnes of acetone making it the largest plant of its
kind in China. The facility will also include 550、000 tonnes/year of cumene
capacity. Together、 with the corresponding infrastructure、 the Joint Venture
will be the largest capital investment ever undertaken by INEOS in China and
opens new opportunities for the company to meet the needs of the rapidly growing
The location of the plant in Nanjing、 Jiangsu Province places it at the centre
of China's largest market for both phenol and acetone. Following the completion
of this project INEOS Phenol will further strengthen its leading position and
will be the only company to have global manufacturing capability、 with phenol
and acetone production in Europe、 the USA、 and Asia.
In November 2012 INEOS Phenol and Sinopec YPC received approval of their
Environmental Impact Assessment from Environmental Protection Bureau of Jiangsu
Province to proceed with the proposed project to build the facility. The
Ministry agreed that the proposed project is in accordance with national and
local industrial policy in the Jiangsu Province. The approval of the EIA
followed a detailed analysis and evaluation of the overall safety、 health and
environmental impact of the project. This EIA approval and the initialled joint
venture agreements are a major step towards the formation of the Joint Venture.
“The project is the largest capital investment ever undertaken by INEOS and will
establish the largest Phenol facility in China. This mutually beneficial
partnership is an important development for INEOS Phenol and for INEOS in China.
Combining a strong、 local partner like Sinopec YPC with our phenol technology
and access to the market brings considerable value to our business and to our
customers、” said Harry Deans、 CEO of INEOS Phenol.
“I am pleased that we have agreed and initialled the Joint Venture with INEOS.
This important partnership is consistent with Sinopec’s strategic focus on
integration and growth. Our established presence、 competitive edge and cumene
technology、 combined with INEOS’ leading phenol technology、 puts us in a strong
position to meet growing demand for downstream petrochemical products、 in the
region.” said Dr Ma Qiulin、 CEO of Sinopec YPC.
INEOS Phenol is the world’s largest manufacturer of phenol and acetone with
sites in Germany、 Belgium、 and USA (Alabama). China is the world's fastest
growing market for phenol and acetone and Sinopec is China's leading producer of
phenol and acetone with three production sites in Shanghai、 Beijing、 and
European Plastics News 2013/5/1
Ineos said to be close to hiving off
Chemical giant Ineos is looking to
transfer the Kerling chlor-vinyls business to an
unnamed party to create a new joint venture、
according to media reports.
Chemical Week said Ineos was at an
“advanced stage of discussions” over the deal.
Ineos declined to comment when contacted by
European Plastics News.
Kerling is one of Europe’s largest producers
of PVC and was established by Ineos in 2010.
In 2011、 Kerling acquired Tessenderlo Group’s
European chlor-vinyls business for a consideration of €110m (£93m) cash.
According to Chemical Week、 Kerling
hopes to announce the name of its proposed partner and the terms of the
transaction within the next few weeks.
INEOS Nitriles and Tianjin Bohai Chemical
Industry Group Corporation sign Heads of Terms to create a 50/50 Joint Venture
to build a 260、000 tonne Acrylonitrile plant in the Tianjin Chemical Industrial
Park in Tianjin Municipality、 China.
The investment positions INEOS Nitriles as the only producer to have plants in
each of the world’s largest Acrylonitrile markets、 and reinforces its position
as the biggest producer in the world.
This is the second project INEOS has announced in China in recent months.
Combined、 the two JV projects account for a total investment from all partners
of more than $1 billion.
INEOS Nitriles and
Tianjin Bohai Chemical Industry Group Corporation天津渤海化工集団 have today signed
a non binding Heads of Terms、 setting out their intention to establish a
50/50 Joint Venture、 to build and operate a world
scale Acrylonitrile plant to be located in Tianjin、
China. It is expected that the plant、 which will be designed using the latest
INEOS process and catalyst technology、 will be completed by the end of 2016.
The initial annual capacity of the new facility will be
260、000 tonnes of Acrylonitrile with an expectation of possible future
expansion、 in line with growing demand across Asia.
The final agreement is subject to confirmation of satisfactory project costs and
conclusion of discussions with the local authorities.
The partnership will benefit from Tianjin Bohai Chemical’s operating capability、
local feedstock advantages and proximity to derivative growth markets. INEOS
will provide commercial expertise and production ‘know-how’、 as well as its
proprietary Acrylonitrile process and catalyst technology.
Located in Tianjin、 the new plant will be well positioned close to one of the
most rapidly growing centres of China's Acrylonitrile demand、 with easy access
to customers throughout Asia.
“This is the second Joint Venture project INEOS has announced in China this
year.” said Jim Ratcliffe、 Chairman of INEOS. “In March
INEOS Phenol initialed a joint venture agreement with Sinopec YPC for the
design、 build and operation of a 1.2 million tonne cumene、 phenol and acetone
complex at Nanjing. Both Joint Ventures bring together our world leading
technology with a strong Chinese partner. They will add up to a total investment
across all partners of more than $1 billion.”
The Joint Venture with Tianjin Bohai Chemical reinforces INEOS’ commitment to
serve its Acrylonitrile customers globally by extending production to cover
Asia、 the world’s fastest growing market. The investment positions INEOS as the
only producer in the world to have capacity in each of the world’s largest
“This is an important investment for the Nitriles business in Asia to support
our customers’ growing needs across the region、” said Rob Nevin、 CEO of INEOS
Nitriles. “We are very pleased to be building this new facility with Tianjin
Bohai Chemical through the formation of the Joint Venture. Our partnership is
set to bring considerable value to both companies and their customers. Bringing
together our proprietary Acrylonitrile technology、 with Tianjin Bohai Chemical’s
expertise and advantaged feedstocks、 presents a formidable combination.”
Tianjin Bohai Chemical Industry Group Corporation is a large scale、 well
established chemicals company based in Tianjin (China). The Group had sales of
over $11 billion (2012). The company markets a wide range of products including
propylene and Acrylonitrile Butadiene Styrene (ABS).
“I am very pleased that we have reached an agreement with INEOS. This important
partnership is consistent with Tianjin Bohai Chemical’s strategic focus on
integration and growth、” said Chairman Mr Zhao Lizhi of Tianjin Bohai Chemical.
“The Joint Venture further develops our upstream and downstream integration.
Combined with INEOS’ leading Acrylonitrile technology、 the JV puts us in an
advantaged position to meet growing demand for petrochemical products、 in the
Tianjin region、 across China、 and in Asia.”
Acrylonitrile is used as a raw material for the production of synthetic fibres、
engineering plastics (ABS、 Acrylonitrile Butadiene Styrene)、 carbon fibre、
synthetic rubber and water soluble polymers. These products are used in a very
diverse range of end use markets、 such as textiles、 automotive components、
building and construction materials、 household appliances、 electronic equipment、
sporting goods、 water treatment and oil & gas production.
INEOS Nitriles is a part of INEOS Group Holdings S.A.
27 May 2013 INEOS
INEOS Barex AG has entered into an agreement
to acquire the Mitsui Polyacrylonitriles Business including PAN resin and Zexlon™
INEOS Barex AG has entered into an agreement to acquire the Mitsui
Polyacrylonitriles Business including PAN resin and Zexlon™ film from Mitsui
This agreement allows Mitsui Chemicals Inc.
to secure a long term supply of polyacrylonitrile for its current customers as
it transfers ownership of the business to INEOS Barex AG.
INEOS is committed to the sustained growth of the Barex® and Mitsui PAN resin
and Zexlon™ film businesses. This agreement supports long term strategic goals
and immediately gives the company a more significant presence in Asia.
CEO David Schmidt says: ”The transfer of this business to INEOS Barex AG
provides a very close strategic fit. The proposed agreement is good news for all
parties involved. Most importantly、 it will provide significant benefit to
customers through ongoing、 reliable access to Barex ®、 PAN resin and Zexlon™
Polyacrylonitrile resins are inert products manufactured by Mitsui Chemicals
Inc. under license、 at its Nagoya works. Film and sheet applications include
pharmaceutical and medical packaging to in the Asia Pacific region.
INEOS is the leading supplier of polyacrylonitrile co-polymers、 sold under the
Barex® Trademark、 primarily in the European and North American Market. The
company is committed to the long-term growth of its Barex® business and
continues to invest in its plant、 personnel and products、 securing future
business growth. INEOS Barex products are substitutes for Mitsui PAN resin
Zexlon film products.
On completion of the deal、 INEOS will immediately take over responsibility for
sales and marketing to all Mitsui PAN resin and Zexlon™ film customers and will
work closely with them to obtain necessary approvals and make the transition to
INEOS Barex products. Mitsui production will be continued for sufficient time
for approvals to transition to INEOS Barex products. The deal comprising the
sales、 marketing、 and supply of PAN resin and Zexlon™ film is expected to be
completed on August 1、 2013.
CEO David Schmidt says: “The transfer of this business to INEOS Barex AG
provides a very close strategic fit. The proposed agreement is good news for all
parties involved. Most importantly it will provide significant benefit to
customers through ongoing、 reliable access to Barex ®、 PAN resin and Zexlon™
INEOS Barex AG continues to invest in its Barex® business to enhance product
quality and expand available capacity to meet the growing needs of new markets
in pharmaceutical、 medical、 cosmetic、 and personal care packaging.
Barex® is a specialized acrylonitrile-methyl acrylate co-polymer that has both
US Pharmacopeia and FDA clearances for medical and pharmaceutical packaging. The
chemistry behind Barex® makes it readily convertible into film、 sheet and
bottles on standard equipment using extrusion、 injection and calendaring
Barex® resins provide chemical resistance essential for packaging aggressive
active ingredients that need to stay inside the packaging while also providing
excellent oxygen barrier properties.
INEOS Barex AG is a part of INEOS AG.
INEOS Barex manufactures a specialized acrylonitrile-methyl acrylate co-polymer;
Barex® has established a strong position within the global packaging industry
due to its unique performance characteristics. It offers exceptional oxygen
barrier protection and chemical resistance combined with strength、 impact
resistance、 and processing versatility. Its versatility makes it readily
convertible into bottles、 blown film、 sheet and moulded parts.
Barex® can be processed through traditional extrusion、 injection and calendering
techniques and is easily thermoformed. Because of its exceptional strength、
Barex® can also match the stiffness of other resins at reduced thickness、
allowing for source reduction as well as lighter packaging、 which can translate
into substantial cost savings to the end-user.
Consumer appeal is one of the most exciting characteristics of Barex®. Barex®
offers the design flexibility to create individualized packages that attract the
attention of shoppers everywhere.
INEOS Barex manufacturing is based in Lima、 Ohio. After being developed
in-house、 it was introduced commercially in 1975. As a new product、 Barex®
initially found widespread use in packaging processed meat、 correction fluid、
gasoline additives and agrochemicals. Since then、 its use has expanded to an
ever-widening range of challenging packaging applications such as medical and
pharmaceutical、 personal care products、 cosmetics and premium fruit juice
beverages. In addition to the production facility in Lima、 sales and technical
offices are found in Delaware、 Texas、 and Switzerland.
10 June 2013 INEOS
INEOS Styrenics is to close Expandable Polystyrene plant at its Marl facility at
the end of 2013.
INEOS has today announced its intention to close production of Expandable
Polystyrene (EPS) at its Marl site in Germany、 at the end of Q4 2013.
Discussions will now begin with employees and the Works Council to find
alternative roles for the 65 people affected by this decision.
Expandable Polystyrene is mainly used in the insulation of buildings. As the
European construction sector has suffered from adverse economic conditions、
demand for EPS products has reduced.
Operating costs of the EPS plant have also been
affected by the recent closure of the styrene monomer and polystyrene units at
Marl. The loss of the styrene monomer and polystyrene units removed a number of
operating synergies at the Marl site which left the EPS unit with an
unsustainable fixed cost base and a weaker styrene monomer supply position.
The decision to close the Marl EPS plant follows a full and detailed review of
the EPS business、 which has highlighted the need for INEOS Styrenics to optimise
its production capacity across its three remaining facilities. This will improve
the cost efficiency of its business、 as it continues to meet its customer needs
in a highly competitive European market.
INEOS Styrenics remains committed to our EPS business. Following the closure of
the Marl unit、 it will continue to be one of the largest producers of EPS in
Europe with 350 ktpa total capacity. From the end
of the year it will supply high quality EPS products from production sites
in Breda (The Netherlands)、 Ribecourt (France) and Wingles
INEOS Technologies license its Innovene S Process for the manufacture of medium
density and high density polyethylene to CNOOC
INEOS Technologies is pleased to announce that it has licensed its Innovene S
Process for the manufacture of medium density and high density polyethylene to
CNOOC Oil and Petrochemical Company Limited for its
cracker complex located in Huizhou City、 Guangdong
Province of China.
中海シェル石油化学(CNOOC and Shell Petrochemicals)
HDPEは CNOOC 単独？
The 400 KTA Innovene S
HDPE plant will produce a wide range of polyethylene grades to serve the
growing HDPE demand in China. These grades include commodity grades made from
Ziegler and Chrome catalysts as well as specialty grades such as bimodal PE 100
Peter Williams、 CEO of INEOS Technologies、 commented: "INEOS is delighted to
have been selected by CNOOC as its licensing partner for the HDPE plant at
Huizhou. We look forward to working with the CNOOC team to deliver an asset that
will meet fully both the current and future requirements of CNOOC’s customers".
July 19、 2013
Oriental picks Ineos PP technology for new China project
INEOS Technologies announced that it has been chosen to provide the
Innovene PP process to
Oriental Energy Company Limited 東華能源 based
in Nanjing for its subsidiary、 Ningbo Fuji Petrochemical
Company Limited. 寧波福基石化
The unit、 to be built in Ningbo、 Zhejiang Province、 will take propylene from the
upstream propane dehydrogenation process（C3 1、320千トン）
and produce 400kta of polypropylene resins
including homopolymers、 random copolymers and impact copolymers.
“Oriental Energy Company is embarking on an ambitious expansion program what
would make it one of the major players in the market for olefins and polyolefins
in China. We are pleased that the company has chosen to select us as technology
provider to serve the important Eastern China market.
The Innovene PP process is ideal for this facility as it provides proven
technology and products already widely accepted in the China market”、 commented
Peter Grant、 Business Director of INEOS Technologies.
INEOS Olefins & Polymers USA signs MOU with
Sasol for High-density Polyethylene Joint Venture
INEOS Olefins & Polymers USA (INEOS) and Sasol
announced today the signing of a Memorandum of Understanding (MOU) with the
intent to form a joint venture to manufacture high-density polyethylene (HDPE).
“This joint venture demonstrates INEOS’s continued commitment to the HDPE market
and to growing end-use applications that benefit from bimodal technology. It
enables two global companies to integrate with each partner’s upstream
businesses the leading bimodal slurry technology on a world-scale asset、” said
Dennis Seith、 CEO of INEOS Olefins & Polymers USA.
The envisioned facility would produce 470 kilotons per
annum of bimodal HDPE using Innovene™ S process technology licensed from
INEOS Technologies. The intention is to produce a limited number of grades
allowing high grade efficiencies.
“This partnership will leverage the expertise of two global players in the
chemical market. Together we will develop a world-scale HDPE plant which will
allow us to monetize ethylene and supply a high quality product. The joint
venture expands on our greater North American strategy and will complement the
products produced from the ethane cracker and derivatives project in southwest
Louisiana、” said André de Ruyter、 Sasol Senior Group Executive for Global
Chemicals and North American Operations.
Final investment decision is expected to be made in the first half of 2014 with
start-up of the plant expected at the end of 2015.
Sep 25、 2013 INEOS
INEOS and Sinopec break ground on the largest
phenol acetone plant in China
National Development and Reform Commission (NRDC)
gives approval for the 650、000 tonne phenol/acetone(フェノールが40万トン、アセトンが25万トン)
and 550、000 tonne cumene facility to be built in Nanjing.
INEOS’ largest investment in China due to
complete at the end of 2016.
INEOS Phenol and Sinopec Yangzi Petrochemical Company
(Sinopec YPC) have today broken ground on the
largest Phenol and Acetone plant to ever be built in China. The ground-breaking
ceremony for the 1.2 million tonne development was held in Nanjing Chemical
Industry Park (NCIP).
INEOS and Sinopec YPC have established a 50% / 50% joint venture company with a
total investment of approximately $0.5bn (RMB3.15 bn) which will generate annual
sales revenue of around $0.8 bn (RMB 4.9 bn). It is expected that the new plant
will be completed and operational by the end of 2016.
The project achieved regulatory approval by National Development Reform
Commission (NDRC) on the 27th August. In addition the Jiangsu
Province and Nanjing Municipal Government gave the green light to progress the
project and start building the plant.
The ground breaking ceremony was attended by Mr.Yang Weizhe、 the CCP Secretary
of Nanjing City; Mr.Ji Jianye、 the Mayor of Nanjing City; Mr Li Chunguang、
President of China Petroleum and Chemical Corporation; Mr.Wang Jingyi、 Chairman
and General Manager of YPC; Mr Harry Deans、 CEO of INEOS Phenol and Mr.Brian
Davidson、 Shanghai Consulate General of UK. Other officers from local government
also attended the ceremony.
The new Joint Venture partnership will benefit from Sinopec’s local feedstock
advantages and cumene technology alongside INEOS’ proprietary phenol
technology. The annual capacity of the new facility will be at least 400、000
tonnes of phenol and 250、000 tonnes of acetone. It will also include 550、000
tonnes/year of cumene capacity. Together、 with associated infrastructure、 the
Joint Venture will be the largest capital investment ever undertaken by INEOS in
China and opens new opportunities for the company to meet the needs of this
rapidly growing market.
“I am extremely pleased with the progress we have made over the summer which now
opens the way for us to build the largest Phenol facility in China. Working
together with Sinopec YPC we combine a strong、 local partner with INEOS’ phenol
technology. When completed we will have access to one of the world’s fastest
growing markets、 and this will bring considerable value to our customers. This
really is a mutually beneficial partnership that is an important development for
INEOS Phenol and for INEOS in China、” said Harry Deans、 CEO of INEOS Phenol.
“I am pleased to see the establishment of this important Joint Venture. I
strongly believe this new company presents significant value to both companies
and their customers in China. This partnership is consistent with the strategic
industrial refiorm in the Nanjing area、 and is consistent with Sinopec’s
strategic focus on integration and growth、 putting us in a strong position to
meet growing demand for downstream petrochemical products、 in the region、” said
Mr Wang Jingyi、 Chairman of YPC.
The location of the plant in Nanjing、 Jiangsu Province places it at the centre
of China's largest market for both phenol and acetone. Once completed、 the plant
will supply phenol/acetone to customers including on-site consumers. This
integration will strengthen and underpin the phenol/acetone derivatives industry
in what is the biggest chemical market in Eastern China. The Nanjing Chemicals
Industrial Park provides an excellent location with convenient waterway、 land
and railway transportation conditions.
Following the completion of this project INEOS Phenol will further strengthen
its leading position and will be the only company to have global manufacturing
capability、 with phenol and acetone production in Europe、 the USA、 and Asia、
with sites in Germany、 Belgium、 and USA (Alabama). China is the world's fastest
growing market for phenol and acetone and Sinopec is China's leading producer of
phenol and acetone with three production sites in Shanghai、 Beijing、 and
Phenol and acetone are important organic chemical intermediates. They are
widely used in the industries of phenolic resin、 caprolactam、 bisphenol A、
salicylic acid、 fibres、 plastic、 synthetic rubber、 pharmaceuticals、
agrochemical、 dyes、 coatings、 leather、 and epoxy resins.
23 October 2013 theguardian.com
Grangemouth plant shutdown leaves government fighting to save 800 jobs
Petrochemicals workers will lose their jobs after abrupt
closure、 with 2、600 refinery employees and contract staff at risk
The government is scrambling to save 800 jobs at the
Grangemouth petrochemicals site in Scotland after its owner、
Ineos、 abruptly closed the plant in a rancorous industrial dispute.
As the energy and climate change secretary、 Ed Davey、 said that "all efforts"
would be made to rescue the plant、 Ineos also refused to rule out closing the
oil refinery on the same site.
Workers were given the grim news at a meeting with Ineos's chairman、 Calum
MacLean. Ineos had given the workforce until Monday evening to accept its
demands for radical changes to terms and conditions but the company concluded
there was not enough support.
Its decision means that up to 800 petrochemicals workers will lose their jobs、
and it threatens the positions of some 600 or more employees at the refinery
plus 2、000 contract staff.
Staff reacted with shock to the news、 as Ineos followed through on its warning
that the threat of closure was not a bluff.
The fate of the giant plant on the Firth of Forth has far-reaching implications
for Scotland and the UK. Grangemouth is Scotland's biggest manufacturing
business、 its refinery supplies most of its fuel and the petrochemicals plant
produces plastics used in industries ranging from cars to packaging.
In an urgent question on Grangemouth in parliament、 Davey told MPs repeatedly
that the government wanted the plant to stay open if at all possible. It would
still consider a business case to provide investment to help keep the plant
"We will be using all our efforts through the [Business] department and UKTI [UK
Trade and Industry body] to assist should we need to have a buyer for the
petrochemical plant、" he said.
However、 Ineos has already warned that the refinery –
currently shut down because of the dispute – could be closed permanently if the
Unite trade union did not agree to a no-strike deal.
Davey also confirmed that detailed contingency plans had been drawn up to
protect firms and customers from running out of fuel and chemical supplies. He
met MPs later to discuss the issue in more detail.
Downing Street has insisted the closure of the Grangemouth refinery would not
pose a threat to fuel supplies、 after the AA warned it could hit petrol prices.
The prime minister said in an answer to a parliamentary question from the Labour
MP Tom Watson that ministers had discussed the closure during Cobra meetings.
Downing Street dismissed speculation that the plant could be nationalised、
saying it was a matter for unions and owner to resolve.
The prime minister's spokesman said it was disappointing that the
petrochemicals side of the plant had closed and called on "both parties" to
"continue their dialogue" over the future of the refinery.
The closure of the petrochemicals plant follows a standoff between Ineos and
Unite、 which represents about 1、100 of Grangemouth's permanent employees as well
as many contract workers. Many businesses – from the Rumbling Tum burger van
near the site to cab firms、 pubs and hotels – rely on trade from Grangemouth.
Gordon Alexander、 who owns Grange Radio Cabs、 said closure would devastate local
businesses. "Local shops and local snack bars would definitely go out of
business. We do a lot of executive work for them and if they were to close I
would probably lose about half of my 50 cabs."
Edmund King、 the president of the AA、 warned that petrol prices could rise if
Grangemouth and other European refineries closed down.
"The AA is concerned with the impact of this refinery closure、" he said. The
European commodity trading houses have been predicting the loss of five to six
refinery plants over the next two years.
"In March to April of last year、 with the closure of refineries and the
impending start of the US motoring season、 wholesale prices went up by 20%、
adding 8p to 10p to a litre of petrol. The spike was short-lived because US
drivers cut back and some of the refineries were bought. However、 the damage was
done and a new UK petrol record [142.48p a litre] was set."
The announcement follows the passing of a deadline on a survival plan put to
employees、 which asked them to accept changes to pensions and other terms and
The Unite union said about 680 of the site's 1、370-strong workforce had rejected
the company's proposals、 which include a pay freeze for 2014-16、 removal of a
bonus up to 2016、 a reduced shift allowance and ending of the final-salary
Ineos said its owner、 Jim Ratcliffe、 and other shareholders met on Tuesday to
study the response from the workforce to their survival plan、 and wanted the
employees to be the first to know of any decision the company made.
A dispute over pay and conditions at the oil refinery remains unresolved.
Unite has accused the company of "playing Russian roulette" with the future of
Grangemouth、 the biggest industrial site in Scotland、 and is backing any efforts
by the Scottish government to find a new buyer for the oil refinery and
Ineos sent a letter to workers last Thursday asking them to indicate their
rejection or acceptance of the plan.
It said those who supported the survival plan would receive a transitional
payment of up to £15、000.
The two sides have been embroiled in a bitter dispute for weeks、 initially over
the treatment of the Unite convener、 Stephen Deans、 who was involved in the row
over the selection of a Labour candidate in Falkirk、 where he is chairman of the
He was suspended、 then reinstated、 then was subject to an internal
investigation、 which is due to report on Friday.
The dispute has since widened to the future of the entire site、 with
Ineos warning that it would close without investment and
changes to pensions and other terms and conditions.
The company said the plant、 which has been shut down since last week because of
the dispute、 was losing £10m a month.
Ineos had said it was ready to invest £300m in Grangemouth、 but only if workers
agreed to the new terms.
View from the workforce
Gordon Stewart joined the chemicals business five months ago. He is a Unite
"I was attracted by a set of pay and conditions and I left a good job somewhere
else. They have explained that because of the union vote they are going to close
the petrochemicals side. They talked about finding a buyer but they were not
very hopeful because it's a distressed business. The assets on the chemicals
side probably will opening in the short term but further out it's not clear.
"Despite the union activity I still took it as a shock the way it has been done
so abruptly. It's as if it was preordained. I have put a lot of faith in the
union and I still hope they can do something about it but they may have acted
"Everyone will be affected: people contractually obliged working here and
businesses associated with the place. The way Calum MacLean walked in you could
tell what he was going to say before he started speaking. He was ashen faced."
Asked if there was any hope Ineos might negotiate: "I certainly hope so."
The Minister-President of Flanders、 Kris Peeters、 opens one million tonne
deep-sea ethylene terminal at INEOS Oxide、 Zwijndrecht、 Belgium.
The Minister-President of Flanders、 Kris Peeters、 has officially opened the one
million tonne、 deep-sea ethylene terminal
INEOS Oxide facility located close to Antwerp harbour、 Belgium.
The new deep-sea terminal、 which is at the heart of the second largest
Petrochemical region in the world、 is now fully operational
Capable of unloading shipments of ethylene from the world’s
largest ethylene vessels、 the terminal directly supplies the needs of
both those INEOS ethylene derivative plants located directly at the Antwerp site
and those which are connected along the ARG ethylene
pipeline、 which links Antwerp to Köln and the Ruhr industrial areas.
On opening the terminal、 Minister-President of Flanders、 Kris Peeters、 said:
"This new terminal gives a new strength to the petrochemical cluster in Antwerp、
which for the past fifty years has brought skilled jobs and prosperity to
Flanders. This investment shows that INEOS sees a future in Antwerp and is a
sign that the policy of Flanders is starting to bear fruit."
INEOS has a very large demand for ethylene、 supplied substantially by its own
production from several steam crackers across Europe. To balance the shortfall
the company has traditionally bought ethylene from other companies that sit on
the ARG pipeline. The new one million tonne deep sea terminal now presents an
opportunity for INEOS to import competitively priced
ethylene from around the world 、 thereby improving its flexibility.
Hans Casier、 CEO INEOS Oxide、 said: “This is a major step for INEOS. The new
terminal secures the competitiveness of our site and underlines the importance
of our production facilities in Antwerp、 located at the heart of the largest
Petrochemical area of Europe. By opening up access for us to world ethylene
markets we can now secure a competitively priced raw material for our European
plants located at the Antwerp site and connected along the ARG pipeline."
By connecting the terminal to INEOS Oxide in Antwerp and beyond via the ARG
pipeline to INEOS Oligomers LAO/PAO facility in Feluy
Belgium、 and INEOS Olefins & Polymers in Lillo and
Köln(both near Knapsach)、 INEOS will now be able to supply competitively
priced ethylene to efficiently balance its requirements across many of its main
INEOS Oxide、 part of the INEOS Group of Companies、 is a leading producer of
Ethylene Oxide and Ethylene Oxide Derivatives、 Propylene Oxide and Propylene
Oxide Derivatives、 plus a range of solvents and speciality chemicals、 with
production facilities in Antwerp Belgium、 Köln Germany、 Lavéra France、
Plaquemine Louisiana、 Freeport Texas and Hull in the United Kingdom.
06 Mar 2014 The
chemicals industry could be wiped out in a decade、 says Ineos boss
Jim Ratcliffe、 the man at the centre of last
year's Grangemouth dispute、 writes to EC president warning that 6m jobs are
THE European chemicals industry
will be wiped out in a decade、 with the loss of 6m jobs、 unless
politicians wake up to its chronic lack of competitiveness、 the
man at the centre of last year’s Grangemouth dispute has
Jim Ratcliffe、 the majority
owner of chemicals giant Ineos、 has written to Jose Manuel
Barroso、 the European Commission president、 warning that the
chemicals industry is heading for the same fate as the textiles
He says a toxic cocktail of
high energy costs – inflated by green
taxes – feedstock prices in “another league” to those in
America and the Middle East and
uncompetitive labour are leading to the rapid closure of
Europe’s chemical plants.
That is before Europe is hit by a wave of
exports from America – the result of a $71bn (£42bn) spend to 2020 by the US
chemical industry as it capitalises on a shale gas revolution that has
brought energy prices down to a third of Europe’s.
“I recall the extinction of the European
textile industry happening before my eyes as a young graduate at Courtaulds
in the 1980s. Chemicals could go the same way. It could well be another
European dinosaur、” Mr Ratcliffe says in his letter.
He points out that the chemicals industry
is “a rather larger species” than textiles、 rivalling the automotive sector
as Europe’s biggest manufacturer、 with revenues of $1 trillion a year and
responsible for 1m direct and 5m indirect jobs.
Adding chemicals are “omnipresent”、
whether in “our watches、 deodorants、 iPhones、 cars and Nike shoes”、 he says:
“Strategically and economically、 no large economy should abandon its
Some 32 of Ineos’s 60 chemical plants are
in Europe、 but their profits have halved in the past three years while the
group’s US profits have tripled. The situation is exacerbated by growing
competition from the Middle East and Asia.
Mr Ratcliffe points out that Ineos’s
major rival、 BASF、 in a European market spanning around 200 chemical plants、
has also “for the first time ever announced a strategic cutback”.
Pointing out that、 in the UK “we have
seen 22 chemical plant closures since 2009 and no new builds”、 Mr Ratcliffe
says of the European plight: “I can see green taxes、 I can see no shale gas、
I can see closure of nuclear、 I can see manufacturing being driven away.
It’s not looking good for Europe、 we are rabbits caught in the headlights、
and we have got our trousers down.”
Speaking to The Daily Telegraph、
Mr Ratcliffe said the letter was not a prelude to the announcement that
Ineos was closing plants – or to a change of plan at the Grangemouth
petrochemicals plant in Scotland、 which he reprieved last year after a
bitter stand-off with the unions. Neither was he expecting immediate
intervention from Brussels over the industry.
But、 he said politicians “need to think
about the consequences of it all disappearing. If they think about it too
late、 it will be too late. It’s all fine and dandy having the highest green
taxes in the world but if that closes down your manufacturing industry、 it’s
not so good.”
07 March 2014
Open Letter to Mr José Manuel
President European Commission
Rue de la Loi 200
Dear President Barroso、
I wish to express my deepest
concerns about the future of the European chemical industry.
Sadly、 I predict that much of it will face closure within the
next 10 years.
I recall the extinction of
the European textile industry happening before my eyes as a
young graduate at Courtaulds in the 1980’s. Chemicals could go
the same way. It could well be another European dinosaur.
Chemicals、 however、 is a
rather larger species and arguably more important to the
economies of Europe. There are a lot of jobs at stake. Over 1
million direct jobs and 5 million indirect jobs in total.
Worldwide、 the chemicals
sector has revenues of $4.3 trillion. That’s bigger than the GDP
of Germany and considerably bigger than the automotive sector at
In Europe、 chemicals and
automotives share top billing with $1 trillion each.
Economically speaking、 chemicals is one of Europe’s jewels in
Chemicals literally find
their way into all walks of life、 they are omnipresent.
Chemicals are required to make metals、 to make fibres、 to make
pottery. They are in our watches、 our deodorants、 our iPhones、
cars、 clothes and Nike shoes. Without a chemical industry、 all
of the above manufacturers in Europe are potentially put at a
economically、 no large economy should abandon its chemical
But Europe seems agnostic
about the fate of European Chemicals. The European textile
industry was wiped out because it could not compete with Asian
labour rates. Slowly、 each of Courtaulds 100 textile factories
became loss making and shut down.
Chemicals depend upon
competitive energy and feedstock costs. Whilst intensely
technical as an industry、 and one of the reasons historically
that Europe has been so successful、 technology alone will not
Energy、 in the form of gas、
in Europe is three times higher than the USA today、 whilst
electricity is 50% higher. There are no cheap feedstocks in
Europe. USA and Middle East feedstocks costs are in another
Shale gas in the United
States has transformed both its competitiveness and its
confidence. There are $71 billion worth of announced
petrochemical expansions on the back of shale gas flowing into
chemicals. This is predicted to grow to over $100 billion.
In contrast Europe announces
closure after closure.
In the Middle East、 they
continue to build in Abu Dhabi、 in Qatar、 in Saudi and now we
can add Iran with another 6 million tonnes of ethylene capacity
re-joining planet earth.
In the UK we have seen 22
chemical plant closures since 2009 and no new builds.
And then we have China.
British universities no longer seem to have places for Brits
wanting to do technical subjects as they are full of Chinese
students. At my son’s graduation in economics last year、 I
noticed the proud Power Engineering graduates. 100% of them were
Chinese. Not one was British.
The Chinese are building
relentlessly. Whilst in recent history、 they have soaked up all
the world’s surplus chemicals、 they will soon be
self-sufficient. And beyond that they will start to reverse the
flow. Remember they are set to become the world’s largest
economy by 2020.
So、 in the face of this
competitive onslaught、 does Brussels、 or the countries of Europe
themselves、 have a master plan? What defences do they have in
I can see green taxes、 I can
see no shale gas、 I can see closure of nuclear、 I can see
manufacturing being driven away. I can see the competition
authorities in Brussels blissfully unaware of the tsunami of
imported product heading this way and standing blindly in the
way of sensible restructuring.
INEOS、 one of the world’s
largest chemical companies、 profits in Europe have halved in the
last 3 years. Profits in the USA have tripled. BASF、
the world’s largest chemical company、 for the first
announced a strategic cutback in European investment citing
stagnant markets、 expensive energy and expensive labour.
It’s not looking good for
Europe、 we are rabbits caught in the headlights、 and we have got
our trousers down.
I encourage you to take
urgent steps to protect Europe’s chemical industry.
I believe this is an
important topic of discussion and so I am making this letter
available to the media.
José Manuel Durão Barroso
We、 14 company CEOs from the energy intensive manufacturing industry、 are
worried about our immediate and long-term future in Europe.
The forthcoming January proposals of the Energy and Climate 2030 package and the
discussion about Energy State Aid therefore represent a unique opportunity for
the Commission to better align the EU’s energy and climate policies with our
shared imperative to restore industrial competitiveness and restart investments
・There should only be one single realistic GHG target、 matched by a second
target addressing industrial growth. Both must be closely monitored and
readjusted if Europe is not on track to deliver on both.
・The price for carbon、 renewables surcharges and other taxes and levies should
not be used to transfer the cost of the energy transition onto manufacturing
industries、 the backbone of Europe’s economy. The high cost of non-competitive
technologies to decarbonise the power sector cannot be borne by our companies in
addition to already uncompetitive energy prices. This also needs to be reflected
in the new Environment and Energy State Aid Guidelines.
・All energy supplies supporting a cost efficient and competitive transition
towards a low carbon economy、 including indigenous sources of shale gas、 should
・The ETS should be allowed to run its course until 2020 without any further
modifications. It will achieve its CO2 emission reduction target at the least
cost if current protection against the risk of carbon leakage is maintained.
Between 2020 and 2030、 the CO2 target should include two pathways within the
same ETS: one with full direct and indirect compensation allowing for growth of
our industry and another one for the sustainable decarbonisation of the power
We ask for a strong political signal in order to mobilise further investments in
INEOS announces legal action against Sinopec
and Sinopec subsidiaries
Jim Ratcliffe、 Chairman、 says
“we want to take our best technology to China but we need to know that
it will be protected.”
INEOS、 one of the world’s
largest chemical companies、 takes legal action in China against a number
of Sinopec subsidiaries for misuse of trade secrets in its Acrylonitrile
Acrylonitrile、 used in plastics
and carbon fibre、 is one of the world’s largest petrochemicals
businesses. INEOS’s own Acrylonitrile business is world number one and
valued at $3 billion、 employing 5、000 people worldwide.
INEOS says that the prolific
building of Acrylonitrile copy plants in China will destroy its
Jim Ratcliffe、 says “the
fundamental value of INEOS depends upon its technology. We have no
option but to defend our hard won intellectual property”
Standard Oil of Ohio (Sohio) which
developed the process、 later became part of BP.
The nitrile business of BP was sold to INEOS in 2005.
INEOS、 the fourth largest chemical
company in the world、 has today announced that it is taking legal action
against a number of Sinopec and Sinopec subsidiaries (SNEC、 Anqing and
others) for breach of contract and/or misuse of trade secrets.
INEOS says that
Sinopec Ningbo Engineering Company has broken a long established
technology agreement which、 together with trade secret misuse by other
Sinopec companies、 has enabled development of a series of new world scale
Acrylonitrile plants without INEOS agreement or consent.
INEOS、 which has otherwise excellent
relationships with Sinopec and with China、 has no choice other than to
protect its intellectual property.
INEOS fears that these breaches of rights
will cause major harm to its Acrylonitrile business which generates up to
$500m per annum of profit and has a replacement value of $3 billion. It
supports around 5、000 direct and indirect jobs in the USA and Europe.
INEOS is pursuing parallel actions in the
Beijing High Court and through arbitration in Sweden.
INEOS has every confidence that China
has now developed an excellent system to protect intellectual property
consistent with the fact that China now files more patents than any other
Jim Ratcliffe、 INEOS Chairman、 says “We
have good and valuable relationships with Sinopec and other Chinese
companies across our business. But in this case、 we have to take action to
protect the interests of our stakeholders. The fundamental value of a
business like INEOS depends on its intellectual property which includes
trade secrets and patents、 covering technology、 design and operations.
Unless we protect our intellectual property、 ultimately we will see the
demise of INEOS”
Notes for Editors
INEOS currently leads the global
Acrylonitrile market. Acrylonitrile is an important molecule which is used
to manufacture a wide range of high value goods. It is a key building
block for carbon fibre which is essential for a range of highly engineered
products in the automotive、 aerospace and defence industries. The new
Boeing 787 Dreamliner relies on Acrylonitrile based carbon fibre for its
construction. In addition、 Acrylonitrile is a key ingredient in ABS
polymer、 used in many everyday applications from children’s toys and
computer monitors to white goods. It is the key ingredient in acrylic
fibre and by products from the process are essential in a wide range of uses
from pharmaceuticals to gold extraction.
INEOS has had a long standing agreement
with SNEC (a Sinopec company) for the licensing and
use of Acrylonitrile technology in China dating back to 1984.
INEOS believes in the long term
development of the Chinese petrochemical industry and is strongly committed
to working with companies in China to help them to develop their businesses.
INEOS currently has plans to jointly build a phenol
plant with Sinopec and
an Acrylonitrile plant
with Tianjin Bohai天津渤海.
INEOS brings world beating technology and a long history of exemplary
manufacturing capability to the highest safety and environmental
INEOS AG is a company based in
Switzerland . Acrylonitrile manufacture is carried out at 4 major sites
around the world; Green Lake Texas、 Lima Ohio、 Seal Sands UK and Cologne
Germany. INEOS Acrylonitrile technology provides the basis for over 90% of
the world’s production. The technology was developed and patented in the
United States and is still developed and improved by INEOS USA LLC at our
technology centre in Lisle、 Illinois.
present、 the world total production capacity of acrylonitrile is 6.4
million tons / year. The enterprises with large production capacity are
INEOS Group、 with production capacity of 1.043 million tons / year、
Ascend Performance Materials、 Inc. of America、 with production capacity
of 520、000 tons / year、 Japan Asahi Kasei of 500、000 tons / year. The
world acrylonitrile demand is about 6 million tons. It is mainly used in
acrylic fiber、 ABS / AS、 acrylamide、 acrylonitrile-butadiene rubber、
adiponitrile and ethylenediamine etc. The major world acrylonitrile
consuming regions are Asia、 Europe and North America. Asia is the
world's largest acrylonitrile consumption region、 accounting for about
59% of the world's total consumption. In European region、 the
acrylonitrile consumption accounts for about 20%、 and in the American
region、 acrylonitrile consumption accounts for about 11%.
Currently、 China’s total production capacity of acrylonitrile is 1.25
tons / year. In 2011、 the annual production is about 1.08 million tons.
PetroChina Jilin Petrochemical Company is the largest acrylonitrile
production enterprise in China. Currently、 it has 4 sets of
acrylonitrile plants、 the total production capacity is 424、000 tons /
year. The other large enterprises include Shanghai Secco Petrochemical
Co.、 Ltd.、 with production capacity of 260、000 tons / year、 PetroChina
Shun Petrochemical Company、 with production capacity of 92、000 tons /
year、 PetroChina Daqing Petrochemical Company of 80、000 tons / year、 and
PetroChina Daqing Refining Company of 80、000 tons / years.
present、 the total demand of acrylonitrile in China is about 1.7 million
tons. In recent years、 China's acrylonitrile import dependence is
maintained at more than 30%、 and the annual import demand is
400、000-500、000 tons. The total imports of acrylonitrile in China
reached 542、000 tons in 2011. In China、 the acrylonitrile is mainly used
for the production of acrylic、 ABS resin、 acrylic amide、 nitrile rubber
and the like. Acrylic fiber is the largest consumption field of
acrylonitrile、 accounting for 40% of the total consumption. ABS resin is
the second largest consumption field of acrylonitrile、 accounting for
36% of the total consumption. In the next few years、 ABS demand in China
is expected to maintain a rapid growth、 with an average annual rate of
6.4%. In addition、 the domestic nitrile rubber industry also develops
rapidly. The proportion in acrylonitrile consumption will increase.
Overall、 acrylonitrile demand in China in the next few years will grow
with an average annual rate of 7-8%、 will be close to 1.90 million tons
in 2013、 and domestic acrylonitrile demand is expected to reach 2.40
million tons in 2015.
Jilin City、 the market demand for acrylonitrile is great. Jilin Chemical
Fiber Group owns acrylic fiber production capacity of 236、000 tons /
year. PetroChina Jilin Petrochemical Company is implementing 400、000
tons / year ABS project. The total ABS production capacity of Jilin
Petrochemical Company' will reach 580、000 tons / year in the end. Jilin
City is making great efforts develop carbon fiber industry、 and the
phase I project of 5、000 tons / year carbon fiber precursor device of
Jilin Carbon Valley Company has been built、 and it plans to reach 10、000
tons / annual production capacity. The 16、000 tons / year carbon fiber
precursor project of Jilin Tenghua Special Fiber Company will also be
started. In the next few years、 these devices will consume a large
amount of acrylonitrile、 and Jilin City will become a huge market of
Mar 21、 2014 Reuters
Sinopec denies violating INEOS chemical
China Petroleum & Chemical Corp (Sinopec)、 Asia's largest oil refiner、 has
denied violating intellectual property rights of INEOS after the Swiss-based
chemicals company opened a case at a Beijing court.
Subsidiary Shanghai Research Institute of Petrochemical Technology is being
sued over technology related to the industrial chemical acrylonitrile、
state-owned Sinopec said in a statement emailed to Reuters on Friday.
Acrylonitrile is a building block for carbon fibre used in products in the
automotive、 aerospace and defence industries.
The subsidiary developed what became a core technology "after 50 years of
research、" the company said.
"Sinopec has full proprietary intellectual property
rights over such technology. There is no ground for the infringement alleged
by INEOS、" Sinopec said.
INEOS said a Sinopec subsidiary Sinopec Ningbo Engineering Company had
broken a long established technology agreement which、 together with trade
secret misuse by other Sinopec companies、 had enabled development of a
series of new world scale Acrylontirile plants without the consent or
agreement of INEOS.
"We have good and valuable relationships with Sinopec and other Chinese
companies across our business、" said Jim Ratcliffe、 INEOS Chairman in a
"But in this case、 we have to take action to protect the interests of our
Shares of Sinopec closed 2.2 percent higher in Hong Kong compared with a 2.4
percent rise in the benchmark index.
INEOS said it is pursuing parallel actions in the Beijing High Court and
through arbitration in Sweden.
China has long been a flashpoint for disputes over intellectual property
rights. Last year、 U.S. private researcher Commission on the Theft of
American Intellectual Property said 80 percent of global intellectual
property rights abuse occurred in China.
The U.S. and other foreign governments have urged China to take a stronger
stand on the matter which affects products ranging from medicine to software
Last month、 Sinopec Corp unit Sinopec Yangzi Petrochemical Co agreed to form
a $500 million 50/50 joint venture with INEOS in China's Nanjing city to
make industrial chemicals phenol and cumene.
The Chinese company told the Financial
Times newspaper that it has also successfully developed its own acrylonitrile catalyst and related technology at its research labs in
Shanghai over the last 50 years and said it had “full proprietary
intellectual property rights.”
One chemical industry consultant with
experience with both Chinese and Western firms said it can be common for
companies like Sinopec to feel they have made improvements in the technology
that fall outside the original license. That could be a key issue to be
debated in court、 the consultant said、 speaking anonymously.
INEOS and Sinopec YPC sign joint venture
INEOS and Sinopec YPC have today signed
the Joint Venture Agreement and Articles of Association forming a
50% / 50% Joint Venture Company to be based in
The Joint Venture、 which is to be called
INEOS YPC Phenol (Nanjing) Company Ltd is set
to build the largest Phenol Acetone plant in China、 due to complete at the
end of 2016.
This is INEOS’ largest investment in
China and YPC’s eighth joint venture .
INEOS Phenol and Sinopec Yangzi
Petrochemical Company (Sinopec YPC) have today signed the Joint Venture
Agreement and the Articles of Association to form a
50/50 Joint Venture company.
The Joint Venture is to be called
INEOS YPC Phenol (Nanjing) Company Ltd. It will have a total
investment of approximately $0.5bn (RMB3.15 bn) and is expected to be
operational by the end of 2016.
INEOS YPC Phenol (Nanjing) Company Ltd
will now build the largest Phenol and Acetone plant in China. The plant will
be based on INEOS’s proprietary phenol technology and Sinopec’s proprietary
cumene technology. It will benefit from Sinopec’s local feedstock and
personnel advantages and will generate annual sales revenue of around $0.8
bn (RMB 4.9 bn). It will promote the upgrading of the chemical industry in
Mr.Wang Jingyi、 Chairman and General
Manager of YPC、 Mr Harry Deans、 CEO of INEOS Phenol and Madam Wang Xia、
Executive Deputy Director of NCIP Administrative Committee attended the
signing Ceremony held in Nanjing.
“Establishing INEOS YPC Phenol
(Nanjing) Company Ltd following the signing of the Joint Venture Agreement
is the major step forwards for this important project. We are delighted to
have Sinopec YPC as our long-term strategic partner as we build the largest
Phenol facility in China. When completed this new world scale plant will
bring considerable value to our customers in the region. The partnership is
an important development for INEOS Phenol and for INEOS in China.”
said Harry Deans、 CEO of INEOS Phenol.
“I strongly believe this new Joint
Venture with INEOS presents significant value to both companies in China.
This partnership helps to progress Sinopec’s strategic focus on integration
and growth、 putting us in a strong position to meet growing demand for
downstream petrochemical products、 in the region、” said Mr Wang
Jingyi、 Chairman of YPC.
The annual capacity of the new plant will
be at least 400、000 tonnes of phenol and
250、000 tonnes of acetone. It will also include
550、000 tonnes/year of cumene capacity. Together、 with associated
infrastructure、 the Joint Venture will be the largest capital investment
ever undertaken by INEOS in China and opens new opportunities for the
company to meet the needs of this rapidly growing market.
The location of the plant in Nanjing、
Jiangsu Province places it at the centre of China's largest market for both
phenol and acetone. Once completed、 the plant will supply phenol/acetone to
customers including on-site consumers. This integration will strengthen and
underpin the phenol/acetone derivatives industry in what is the biggest
chemical market in Eastern China.
Following the completion of this project
INEOS Phenol will further strengthen its leading position and will be the
only company to have global manufacturing capability、 with phenol and
acetone production in Europe、 the USA、 and Asia、 with sites in Germany、
Belgium、 and USA (Alabama). China is the world's fastest growing market for
phenol and acetone and Sinopec is China's leading producer of phenol and
acetone with three production sites in Shanghai、 Beijing、 and Tianjin.
Phenol and acetone are important organic
chemical intermediates. They are widely used in the industries of phenolic
resin、 caprolactam、 bisphenol A、 salicylic acid、 fibres、 plastic、 synthetic
rubber、 pharmaceuticals、 agrochemical、 dyes、 coatings、 leather、 and epoxy
22 May 2013
INEOS Nitriles and Tianjin Bohai Chemical Industry
Group Corporation sign Heads of Terms to create a
50/50 Joint Venture to build a
260、000 tonne Acrylonitrile plant in the Tianjin [Chemical Industrial
Park] in Tianjin Municipality、 China. 22 May 2013
The investment positions INEOS Nitriles as the only producer to have plants
in each of the world’s largest Acrylonitrile markets、 and reinforces its
position as the biggest producer in the world.
This is the second project INEOS has announced in China in recent months.
Combined、 the two JV projects account for a total investment from all
partners of more than $1 billion.
INEOS Nitriles and Tianjin Bohai Chemical Industry Group Corporation have
today signed a non binding Heads of Terms、 setting out their intention to
establish a 50/50 Joint Venture、 to build and operate a world scale
Acrylonitrile plant to be located in Tianjin、 China. It is expected that the
plant、 which will be designed using the latest INEOS process and catalyst
technology、 will be completed by the end of 2016.
The initial annual capacity of the new facility will be 260、000 tonnes of
Acrylonitrile with an expectation of possible future expansion、 in line with
growing demand across Asia.
The final agreement is subject to confirmation of satisfactory project costs
and conclusion of discussions with the local authorities.
The partnership will benefit from Tianjin Bohai Chemical’s operating
capability、 local feedstock advantages and proximity to derivative growth
markets. INEOS will provide commercial expertise and production ‘know-how’、
as well as its proprietary Acrylonitrile process and catalyst technology.
Located in Tianjin、 the new plant will be well positioned close to one of
the most rapidly growing centres of China's Acrylonitrile demand、 with easy
access to customers throughout Asia.
The Joint Venture with Tianjin Bohai Chemical reinforces INEOS’ commitment
to serve its Acrylonitrile customers globally by extending production to
cover Asia、 the world’s fastest growing market. The investment positions
INEOS as the only producer in the world to have capacity in each of the
world’s largest Acrylonitrile markets.
“This is an important investment for the Nitriles business in Asia to
support our customers’ growing needs across the region、” said Rob Nevin、 CEO
of INEOS Nitriles.“We are very pleased to be building this new facility with
Tianjin Bohai Chemical through the formation of the Joint Venture. Our
partnership is set to bring considerable value to both companies and their
customers. Bringing together our proprietary Acrylonitrile technology、 with
Tianjin Bohai Chemical’s expertise and advantaged feedstocks、 presents a
Tianjin Bohai Chemical Industry Group Corporation
is a large scale、 well established chemicals company based in Tianjin
(China). The Group had sales of over $11 billion (2012). The company markets
a wide range of products including propylene
and Acrylonitrile Butadiene Styrene (ABS).
“I am very pleased that we have reached an agreement with INEOS. This
important partnership is consistent with Tianjin Bohai Chemical’s strategic
focus on integration and growth、” said Chairman Mr Zhao Lizhi of Tianjin
Bohai Chemical. “The Joint Venture further develops our upstream and
downstream integration. Combined with INEOS’ leading Acrylonitrile
technology、 the JV puts us in an advantaged position to meet growing demand
for petrochemical products、 in the Tianjin region、 across China、 and in
Acrylonitrile is used as a raw material for the production of synthetic
fibres、 engineering plastics (ABS、 Acrylonitrile Butadiene Styrene)、 carbon
fibre、 synthetic rubber and water soluble polymers. These products are used
in a very diverse range of end use markets、 such as textiles、 automotive
components、 building and construction materials、 household appliances、
electronic equipment、 sporting goods、 water treatment and oil & gas
INEOS Nitriles is a part of INEOS Group Holdings S.A.
Sasol Ltd.-owned Sasol Chemicals (USA) LLC and Ineos Europe AG-subsidiary Ineos
Olefins & Polymers USA have reached final investment decision to form a joint
venture to build a high-density polyethylene (HDPE) plant in LaPorte、 Tex.
The 50-50 joint venture will produce 470、000 tonnes/year
of bimodal HDPE using Innovene S process technology from Ineos、 the
Ineos will act as operator of the HDPE plant at its
LaPorte-area Battleground Manufacturing Complex、 the partnership said.
While all relevant permits have been secured、 definitive agreements for the
project continue to be finalized、 and given that the plant will be
debt-financed、 the investment decision remains conditional on achieving
financial close、 according to the companies.
If the project reaches final approval、 Sasol and Ineos will supply the ethylene
feedstock required to produce HDPE in proportion to their respective ownership
The companies said they expect plant start-up in 2016.
Sasol previously has said that the HDPE plant would be located in the US to
complement production from the company’s ethane cracker and derivatives project
in southwest Louisiana.
INEOS and Solvay sign definitive Joint Venture agreement to create leading PVC
INEOS and Solvay have today announced the signing of a definitive Joint Venture
agreement covering their European chlorvinyls activities. The Joint Venture - to
be known as INOVYNTM - was given
clearance by the European Commission in May 2014.
Formation of the Joint Venture is subject to implementation of an agreed remedy
package consisting of the divestment of INEOS-owned assets
in Tessenderlo (Belgium)、 Mazingarbe (France)、 Beek (The Netherlands)、
Wilhelmshaven (Germany) and Runcorn (UK).
The terms of the Joint Venture have been simplified since the deal was announced
in May 2013. Solvay will now receive an up-front payment
of €175 million at closing and in addition to transferring their
chlorvinyls assets into the Joint Venture、 will also
transfer €250m of liabilities principally in respect of pensions and
environmental liabilities. Solvay will exit INOVYN after three years、 leaving
INEOS in sole control、 when Solvay will receive additional cash proceeds
targeted at €250 million (with a minimum payment of
€75 million). This amount will be adjusted depending on the financial
performance of INOVYN during the three year Joint Venture period.
Chris Tane、 CEO INEOS ChlorVinyls comments: "We are delighted to have been able
to reach this agreement、 which will combine our respective chlorvinyls
activities to create a world scale business. INOVYNTM will be better able to
rapidly respond to changing European markets and increasing competition from
To be headquartered in London、 INOVYN will have proforma 2013 sales of more than
€3 billion、 with assets across 14 sites in Belgium、 France、 Germany、 Italy、
Norway、 Spain、 Sweden and the UK.
Governance of the Joint Venture will be shared between INEOS and Solvay、 with
equal representation on the Supervisory Board. Day to day management of the
business will be led by an Executive Team consisting of Chris Tane as CEO、 Mike
Maher as CFO and Julie Taylorson as Procurement Director (all currently INEOS)
and Filipe Constant as Commercial Director、 Jean Michel Mesland as Operations
Director and Otto Grolig as General Counsel (from Solvay).
Until formation of the Joint Venture、 which is expected during Q4 2014、 INEOS
and Solvay will continue to run their businesses separately.
30 June 2014 Ineos
INEOS to acquire BASF’s share in Styrolution
INEOS will acquire BASF’s 50% share in Styrolution、 a joint venture between the
companies. The purchase price to be paid by INEOS amounts to €1.1 billion. A
call option in favor of INEOS to buy BASF’s share in Styrolution was already
included in the shareholders’ agreement signed in 2011.
The transaction is subject to approval by the appropriate antitrust authorities.
Styrolution will continue to operate as an independent company until the
completion of the deal、 which is expected in the fourth quarter of 2014.
“Styrolution has fulfilled its promise as a globally competitive business that
competes effectively with large-scale producers from Asia and the Middle East.
We are pleased to bring Styrolution fully into the INEOS family. After the
purchase、 Styrolution will be run separately as a standalone company within
INEOS、 and continue to operate as it does today、” said Jim Ratcliffe、 Chairman、
The business will be a subsidiary of INEOS Industries Holdings Limited.
Styrolution was founded in October 2011 as a 50-50 joint venture between BASF
and INEOS、 and is the leading、 global styrenics supplier.
INEOS O&P UK receives infrastructure loan
guarantee from UK Government to the value €285m / £230m
The guarantee allows INEOS to raise
the money necessary to build a new terminal to import and store ethane
for Grangemouth as North Sea availability declines.
The loan guarantee shows support for
both the UK petrochemicals sector and for one of the most important
infrastructure projects in Scotland.
“Without doubt、 this is one of
the most important infrastructure projects of recent times in Scotland、
with implications to be felt right across the UK、 not only for
employment but also for manufacturing in general、” says Jim
Ratcliffe、 INEOS Chairman.
A contract is now signed with TGE
Gas Engineering for the construction at Grangemouth of Europe’s largest
ethane storage tank to start.
The first order for construction
materials is now placed.
INEOS Olefins & Polumers UK has today
confirmed that it has received notification from Chief Secretary to the
Treasury、 Rt Hon. Danny Alexander MP that its application for an
infrastructure loan guarantee has been successful.
This confirmation now allows INEOS to raise the funds necessary to invest in
a new terminal import、 to store and process ethane
from shale gas at its site in Grangemouth、 Scotland、 as North Sea
supplies dwindle. The project protects thousands of jobs in Scotland and
across the UK.
“Without doubt、 this is one of the most important projects of
recent times in Scotland、 with implications to be felt right across the UK、
not only for employment but also for manufacturing in general”、
said Jim Ratcliffe、 INEOS Chairman. “Our ability to import US
shale gas underpins the future of manufacturing at Grangemouth and across
many businesses in Scotland. It is a vital step towards preserving the long
term future of the Grangemouth site and those businesses that depend upon
its continued presence in Scotland.”
INEOS AG has invested more than £300m at its Grangemouth site as part of a
long term survival plan necessary for the site to manufacture petrochemicals
beyond 2017. The loan guarantee from the UK Government now enables it to
raise financing on £230m specifically to cover the
import facility and storage tank to be built at the site
Chief Secretary to the Treasury、 Rt Hon.
Danny Alexander MP said: “Over £1bn of infrastructure projects
have now been brought forward as a result of the UK guarantees scheme and
£36bn worth of projects are pre qualified. Our action is creating the right
conditions for more investment in our infrastructure、 helping to build a
stronger economy and a fairer society across the country. The Grangemouth
guarantee is fantastic news for Scotland’s economic future、 and for the UK’s
This is major step forward that ensures
the long-term future of petrochemical manufacture at Grangemouth. The ethane
tank will be the largest in Europe and is central to the site’s plans to
import shale gas from the USA. By 2016 Grangemouth will be a shale gas-based
facility、 essential if it is to compete in world markets beyond 2017.
Gerry Hepburn、 CFO、 O&P UK says: “The news that the UK Government is supporting our plans to build an
ethane import and storage facility at Grangemouth with a loan guarantee is a
critical element to ensure the long term future of the site. We will use the
loan guarantee to raise funds through a public bond issue. The proceeds of
the bond will be used to fund the ethane tank project at Grangemouth. It
will be very rewarding to see the renewal of the site starting to take shape
as we begin construction work.”
INEOS O&P UK has also finalised contract
agreements with specialist engineering company TGE Gas Engineering GmbH for
the construction of what will be the largest ethane storage tank in Europe.
TGE Managing Director、 Werner Schlott
said、 “We are very pleased to have been awarded the contract to
build the ethane storage tank for INEOS O&P UK at their site in Grangemouth.
As a company we have extensive expertise and knowledge of tank construction
and relish the opportunity to bring this to Scotland. We look forward to
working with the project team at Grangemouth and to delivering the ethane
Harry Deans、 CEO、 Olefins & Polymers UK
says “We are delighted to confirm we have finalised a contract
with TGE for them to build the ethane storage tank. The construction of the
storage tank is complex and needs specialist knowledge、 but in TGE、 we know
we are working with a company that are truly leaders in their field."
INEOS owns and operates two (of
four) European ‘gas crackers’ that are capable of utilising advantaged
US shale ethane gas feedstock、 one in Grangemouth、 Scotland、 the other
in Rafnes、 Norway.
Ethylene is a vital petrochemical
feedstock widely used in the manufacture of a range of products and
other chemicals. It is is used on-site at Grangemouth to produce
polyethylene (plastic)、 ethanol and is exported across the UK and into
TGE will build the ethane storage
tank and associated processing infrastructure at the INEOS Grangemouth
site. They are headquartered in Bonn、 Germany and have design offices in
Manchester and Eastleigh in the UK.
TGE built the INEOS Ethylene import
tank in Antwerp and are currently building the Ethane import tank at
INEOS’ facility at Rafnes、 Norway.
In March 2014、 TGE was announced as
the preferred bidder on the ethane tank construction project and the
Heads of Terms agreement was signed.
In May 2014、 planning permission for
the construction of the ethane tank was granted by Falkirk Council. The
tank will have the capacity to store 60、000 cubic metres of ethane gas.
INEOS has already announced that it
has reached an agreement with Evergas to expand its contract for a
series of state-of-the-art ethane vessels、 which are currently under
construction in China、 from four to six vessels that will bring shale
gas (ethane) from the US to its European assets.
It has also announced agreements
with Sunoco Logistics for capacity in the Mariner East pipeline and
terminal system、 with Range Resources and CONSOL Energy for the purchase
of ethane、 from the US. In addition it has reached agreement with
Enterprise Products for ethane capacity at their recently announced
ethane export facility on the Texas Gulf coast.
The project's blueprint includes an
ethane cracker、 three
polyethylene plants and associated infrastructure for water
treatment and energy cogeneration.
The Innovene G and Innovene S plants
produce a full range of linear low density and high density polyethylene
with multiple catalysts、 serving polyethylene customers with innovative and
Peter Williams、 CEO of INEOS Technologies、 said: “The selection of the
Innovene G and Innovene S technologies for this landmark project in the
United States is another milestone in the strategic technology partnership
between the two companies. We are looking forward to working with the ASCENT
team to deliver a successful world scale polyethylene complex in the
INEOS has also signed polyethylene licensing agreements for Innovene S
plants with Braskem-IDESA、 which is building the Etileno XXI petrochemical
complex in Mexico that is expected to be commissioned in 2015.
Oct 10、 2014 Platts
Ineos suspends plans for US Gulf Coast
ethylene oxide unit
Ineos Oxide has indefinitely suspended plans
to build a world-scale ethylene oxide、 glycol and derivatives plant in the US
Gulf Coast、 company spokesman Charles Saunders said Friday.
The company did not say why it had abandoned plans to build the US Gulf
facility、 which was initially announced in December 2011、 with an estimated
startup of late 2014.
Ineos has previously said the facility would have an EO capacity of at least
500、000 mt、 along with corresponding glycol and derivatives units.
Sources said the Battleground Manufacturing Complex in LaPorte、 Texas、 was
believed to have been the intended location、 though Ineos said at the time of
its announcement it was also studying its sites in Plaquemine、 Louisiana、 and
Chocolate Bayou、 Texas.
October 29、 2014
INEOS announces planned closure of Barex plant
INEOS Barex AG announced today that it intends to close the
Barex plant in Lima、 Ohio. The plant is the sole
INEOS facility that produces Barex resins（アクリロニトリル共重合樹脂）.
The plant is expected to close in the first quarter of 2015.
David Schmidt、 CEO of INEOS Barex said “We regret having to take the decision to
close our Barex plant and wind-down the Barex business. The business has been
struggling financially for a number of years. We have worked diligently to
reduce costs and improve profitability、 but have been unsuccessful in turning
around the business. We will work with our customers and employees to ensure an
orderly closure of the Barex business over the coming months.”
INEOS also operates acrylonitrile and catalyst plants
at its Lima site、 and those plants are not impacted by this announcement.
Energy Songyuan Chemical Co.、 Ltd.) メタノール
100万トン、MTO 40万トン、EVA 20万トン
04 March 2015 Ineos
INEOS is to integrate INEOS ABS into its Styrolution business to enhance the
standard and specialty ABS offering to its customers in the Americas
・INEOS is to integrate the INEOS ABS into its Styrolution business to promote
their products globally with one face to the market
・Project further enhances the growth strategy of both businesses
INEOS’ Styrolution business、 the global
leader in styrenics and INEOS ABS、 the largest fully integrated producer of
acrylonitrile butadiene styrene (ABS) in North America are to bring together
their business activities in the Americas. Both are wholly owned INEOS
Customers in the Americas will benefit from the combined strength of the
standard and specialty ABS portfolios、 as well as other styrenic specialties. In
addition、 customers will further profit from the polymer expertise Styrolution
and INEOS ABS offer in key customer industries、 such as automotive and
healthcare. This move will not only enrich Styrolution’s standard and specialty
ABS offering to customers but it also establishes Styrolution as the clear
market leader in ABS in the Americas.
INEOS and Solvay reach agreement for
divestment of remedy business to ICIG
INEOS and Solvay have reached an agreement with
International Chemical Investors Group (ICIG) to acquire the assets being
divested by INEOS. This agreement、 which follows extensive discussions with the
European Commission in the context of the merger control review of INOVYN、 is a
key step towards completion of the INOVYN project.
ICIG is a privately held industrial company (headquartered in Luxembourg and
Germany) that specialises in chemicals and pharmaceuticals、 with 23
manufacturing sites across Europe and the United States.
The assets being divested ("the remedy business") consist of:
the chlorine plants and EDC/ VCM plants at Tessenderlo、
Belgium (excluding the chlorotoluenes business that will remain with
the PVC plant at Mazingarbe、 France;
the PVC plant at Beek、 the Netherlands;the PVC and
VCM plants at Wilhelmshaven、 Germany;
and the EDC plants at Runcorn、 UK.
In addition、 the membrane chlorine plant at Runcorn is to be placed in a
50/ 50 Joint Venture between INOVYN and ICIG. The divestment will also
include a portion of the potassium hydroxide (KOH) business at Tessenderlo、 with
ICIG supplying INOVYN under a toll manufacturing arrangement for the proportion
of the KOH business that INOVYN will retain.
It is anticipated that the formation of INOVYN will take
place in the second quarter of 2015、 upon receipt of all required
regulatory approvals and completion of consultation with relevant INEOS
employees in scope of the proposed divestment.
INEOS Americas LLC acquires Axiall Corporation Aromatics business for $62.9
INEOS Americas LLC has today announced that it has acquired
the aromatics business from Axiall Corporation、 a
leading integrated North American chlorvinyl and aromatics manufacturer. $52.4
million was paid at closing and an additional $10.5 million may be payable after
closing upon satisfaction of certain conditions. The transaction became
effective at the end of day on (23:59 ET) 30 September 2015.
Georgia Gulf は2013年1月にPPG
Industriesのcommodity chemical divisionと合併し、Axiall Corp.となった。
The acquisition、 comprises the
cumene plant、 based in Pasadena、 Texas、 producing
900、000 tonnes of product and employing around 43
In addition the phenol、 acetone and alpha-Methylstyrene
business will transfer to the INEOS Phenol facility at Mobile、 Alabama.
The addition of Axiall’s Aromatics business and cumene assets provides a close
fit with the portfolio and expertise of INEOS Phenol.
Cumene is an essential raw material for the production of phenol and acetone、
which are used in the production of polycarbonate、 plastics、 phenolic resins、
synthetic fibres (such as nylon) and solvents. These products are used in a
diverse range of end markets、 including the automotive、 construction、
electronics and fibre industries.
“We are very pleased to have completed this acquisition. Bringing together the
cumene plant with our own facilities and the transfer of the phenol and acetone
business to our unit in Mobile presents an excellent opportunity to further
improve our competitiveness、”said Hans Casier、 CEO INEOS Phenol. “These are good
quality、 well placed assets、 complemented by a very experienced operations team
and high safety、 health and environmental standards.”
INEOS Phenol is a leading producer of phenol and acetone. Through selective
investments in new assets and new technology、 the business intends to further
develop its business and grow with its customers.
“As we refine our portfolio、 we are pleased to have reached an agreement to sell
our aromatics business to INEOS、” said Axiall Interim President and CEO Tim
Mann. “This is our second divestiture of non-core assets in 2015、 following the
February sale of our phosgene business、 which allows us to better focus on our
core chloro-vinyls、 derivatives and specialties businesses.”
INEOS Phenol is part of INEOS Group AG.
INEOS buys North Sea gas fields
INEOS has today agreed to purchase
all of the UK North Sea gas fields owned by the DEA Group、 the
German-based oil and gas firm owned by the LetterOne Group.
INEOS has moved fast to acquire these
high quality、 low risk assets. Once the deal closes、 the platforms、
infrastructure and the highly skilled team that runs them will form part of
the new INEOS Upstream business division based in London.
The fields、 the largest of which are
Breagh and Clipper South in the Southern North Sea、 provide up to 8% of the
UK’s gas、 enough gas to warm 1 in 10 British homes. The fields themselves
are well positioned、 close to INEOS’ assets in the North East and Scotland.
Jim Ratcliffe、 INEOS chairman says、 “We
are pleased to acquire a strong portfolio of natural gas assets and bring on
board a highly successful and experienced North Sea industry team. INEOS has
been very open about its intention to make strategic investments in the
North Sea and this acquisition is our first step in fulfilling this goal. It
will also help our UK petrochemical assets to have ongoing access to
INEOS today announced that it has agreed to
acquire a strong portfolio of natural gas assets in the North Sea from a UK
subsidiary of DEA
Deutsche Erdoel AG、 which is part of the
INEOS Upstream will acquire gas fields、
including the Breagh and Clipper South fields in
the Southern North Sea which are well positioned close to INEOS’ sites in the
North East and Scotland. The annual production from these fields account for
8% of the UK’s annual gas production、 enough gas to warm 1 in 10 British
INEOS is a new entrant to the North Sea.
However、 the company has extensive experience in operating chemical plants of
similar complexity to these offshore platforms.
As one of the world’s largest operators of
chemical plants and a huge consumer of hydrocarbons these assets should make a
significant contribution to INEOS’s European energy and feedstock strategy.
The company operates Scotland’s largest
manufacturing complex at Grangemouth which is the only refining / petrochemicals
complex directly attached to the North Sea.
INEOS has recently announced its intention to
be the leading UK player in onshore gas development and、 as part of the
company's growing interest in energy production、 is now evaluating additional
opportunities in the offshore area.
As part of the company’s ongoing business
planning、 it has set up INEOS Upstream、 a new oil and gas subsidiary of INEOS AG
and is working with a number of top class North Sea oil and gas professionals.
Their first task has been to conduct a strategic review of the potential
opportunities in the North Sea to see whether these are suitable to play a part
in the development of the INEOS Upstream business.
Rob Nevin、 Chairman INEOS Upstream、 says、
“INEOS and its JV partners are huge consumers of natural gas、 ethane、 propane
and condensates. North Sea oil and gas can make a significant contribution to
providing these feedstocks as well as servicing our energy needs.”
INEOS also owns a number of Shale gas
licences in England and Scotland and is investing a further $1 billion in an
ambitious project to bring US Shale gas to the UK and to Norway.
Jim Ratcliffe、 INEOS chairman adds、 “The
acquisition of these North Sea gas fields is a great entry point for the INEOS
Upstream business. They are high quality、 low risk assets and they come with a
highly experienced management team. Whilst no decisions have yet been made、 we
will continue to evaluate other opportunities in the North Sea”.
Notes to the Editor:
The transaction is subject to competition
clearance from the European Commission. We do not foresee any major issue with
receiving this clearance、 and are hopeful for a completion date in later this
The existing management team at DEA’s UK business will stay in place and run the
business post-completion. This team has successfully developed the assets that
have made this transaction interesting to INEOS、 and has the full support of
DEA Deutsche Erdoel AG
explores and produces natural gas and crude oil worldwide. The company has
production facilities and concessions in Germany、 the United Kingdom、 Norway、
Denmark、 Egypt、 and Algeria; and exploration permits in Ireland、 Libya、 Poland、
Suriname、 Trinidad and Tobago、 and Turkmenistan.
The company was formerly known as RWE Dea AG and changed its name to DEA
Deutsche Erdoel AG in March 2015. DEA Deutsche Erdoel AG was founded in 1899 and
is headquartered in Hamburg、 Germany.
Dea AGを51億ユーロ（約6億ユーロの負債込み）でLetterOne Groupに売却する契約を締結したと発表した。 Deaは英国、ドイツ、ノルウェーなどで石油とガスの採掘を行っている。
Sells Aromatics Business to INEOS Americas LLC
Axiall Corporation、 a
leading integrated chemicals and building products company、 has sold its
Aromatics division and
Pasadena、 Texas、 manufacturing facility to
INEOS Americas LLC for
$62.9 million in cash、 of which $52.4 million
was paid at closing and an additional $10.5 million may
be payable upon satisfaction of certain conditions. The transaction
became effective end of day on Sept. 30、 2015.
Axiall retained its phenol
facility located in
Plaquemine、 La.、 which is integrated with other
Axiall facilities at
Plaquemine、 along with the associated net working capital.
The company plans to conduct a safe wind-down of that facility by
Pasadena facility、 which began operations in 1979、
manufactures cumene. Cumene is used in the
production of phenol、 acetone and alpha-methylstyrene、 all of which are
building blocks for a range of everyday products including plywood and
oriented strand board、 engineered plastics、 pharmaceuticals、 and paints、
acrylics and varnishes.
“As we refine our portfolio、 we are
pleased to have reached an agreement to sell our aromatics business to
INEOS、” said Axiall Interim President and CEO Tim Mann.
“This is our second divestiture of non-core assets in 2015、 following
the February sale of our phosgene business、 both of which allow us to
better focus on our core chloro-vinyls、 derivatives and specialties
INEOS Phenol is a major producer of
phenol and acetone. INEOS Americas LLC operates a phenol
plant in Mobile、
Ala. Other INEOS manufacturing sites in
the United States are located in
Ohio and Texas.
“We are very pleased to have
completed this acquisition. Bringing together the cumene plant with our
own facilities and the transfer of the phenol and acetone business to
our unit in Mobile
presents an excellent opportunity to further improve our
competitiveness、” said Hans Casier、 CEO INEOS Phenol.
“These are good quality、 well placed assets、 complemented by a very
experienced operations team and high safety、 health and environmental
Lincoln International acted as
Axiall's financial advisor in the transaction.
06 May 2016 Ineos
INEOS Enterprises agrees the sale of INEOS
Styrenics to Synthos S.A. for €80m
The agreement to sell the business to Synthos S.A. represents an important step
in the ongoing development of the EPS business.
Completion of the transaction is likely to occur in the second half of 2016、
subject to customary regulatory approvals.
INEOS Enterprises has today confirmed it has reached an agreement in principle、
to sell INEOS Styrenics、 its Expandable Polystyrene
Business (EPS)、 to Synthos S.A. for €80m.
INEOS Styrenics produces high quality
Expandable Polystyrene (EPS) for the building、 construction and packaging
industries at manufacturing sites at Wingles and Ribécourt
in Northern France and Breda in the Netherlands.
The three production sites are supported by its technology Centre in Breda、
which is a purpose-built research、 development and product testing facility、
including a research laboratory and pilot plant facilities. Customer Service、
Logistics and Finance groups are also located in Breda. The business employs c.
250 people who will transfer as part of this deal.
“The combination of INEOS Styrenics with Synthos will accelerate growth and
deliver additional benefits to customers of both companies、 giving them access
to expanded technologies and an enhanced product portfolio. It will also offer
new opportunities for employees who will be part of a company that is focussed
on、 and strategically committed to the long term future of the expanded
polystyrene market、” said Ashley Reed、 CEO of INEOS Enterprises.
The agreement to sell the business to Synthos S.A. represents an important step
in the ongoing development of the EPS business. Synthos S.A. is one of the
largest manufacturers of chemical raw materials in Poland. The Company was the
first European manufacturer of emulsion rubbers and is a leading manufacturer of
polystyrene for foaming applications. The Company is traded on the Polish stock
exchange with its headquarters located in Oświęcim.
“The aim of the acquisition will be to provide the highest quality expandable
polystyrene (EPS) to ensure that expandable polystyrene products (EPS) remain
the insulation material of choice for our customers.” said Tomasz Kalwat、 CEO of Synthos.
Completion of the transaction is likely to occur in the second half of 2016、
subject to customary regulatory approvals.
INEOS Styrenics is a part of the INEOS Enterprises portfolio of business. INEOS
Enterprises actively seeks market opportunities to acquire、 develop and sell
The Valence Group acted as exclusive financial advisor to INEOS and Squire
Patton Boggs acted as legal advisor.
Ineos said to have made takeover bid for
ConocoPhillips UK arm
Ineos boss Jim Ratcliffe is reported to have made a takeover approach to
ConocoPhillips for its North Sea assets which was rejected by the company.
According to reports in the Sunday Times、 the $2billion plus offer was turned
down amid a boardroom shake-up.
ConocoPhillips has been operating in Britain for more than 50 years and employs
around 900 people.
Ineos is said to have tried to purchase the British arm
of the US oil and gas firm.
According to sources、 private equity firm Blackstone is also said to have made a
It comes after Ineos spent £500million buying a dozen gas fields from LetterOne.
In the UK we are operator of、 or have
interests in Britannia、 Britannia Satellites、 Judy/Joanne、 Jade、 Jasmine、
CMS、 Galleon、 LOGGS、 Saturn Unit、 V-Fields、 Victor、 Viking、 Calder、 Darwen、 Crossens、 Asland、 Millom、 Dalton、 Clair and Nicol.
Onshore、 the company has interests in the
Rivers Terminal at Barrow-in-Furness、 the Teesside Oil Terminal at Seal
Sands、 Middlesbrough and the Theddlethorpe Gas Terminal at Mabelthorpe in
Eni 33.0%、BG 30.5%
Eni 33.0%、BG 30.5%
Tullow 34.0% ENGIE
E.On E&P 40.0% ENGIE
Boulton、 CMS III、
Kevin、 Katy、 Munro
Shell 41.6% ◎
ExxonMobil 41.6%、Centrica 8.4%
Dana 10.0%、 CalEnergy 5.0%
Calder、 Darwen、Crossans & Asland
Hydrocarbon Resources ◎
BP 28.6% ◎、 Chevron
North Sea Production
Eni 40.0%、Noble 14.0%、Talisman 6.0%
今回、Ineos が英国の北海ガス田権益をDEA Deutsche Erdoel
AGから買収するもので、Highland Energy →RWE
Dea AG→LetterOne Group→Ineos
INEOS Styrolution announces agreement to
acquire K-Resin® SBC business
INEOS Styrolution’s first
acquisition substantiates its Triple Shift growth strategy
Enhanced global footprint with SBC
manufacturing sites in all regions
Customers across the globe will
benefit from the broadest selection of SBC specialty grades and
development capabilities in the industry
INEOS Styrolution, the global leader in
styrenics, announced today that it signed an acquisition agreement for the
global K-Resin® styrene-butadiene copolymers (SBC) business of
Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) and
Daelim Industrial Co. Ltd., the current joint venture owners. The parties
have agreed not to disclose the intended purchase price or any other
The transaction, subject to customary
closing conditions and regulatory approvals, includes the purchase of the
equity interests of K R Copolymer Co. Ltd. (KRCC),
K-Resin® SBC intellectual property and other assets
related to the SBC business. This acquisition, once completed, will
allow INEOS Styrolution to supply its customers from production sites in the
Americas, EMEA and Asia Pacific.
The acquisition underlines INEOS
Styrolution’s commitment to its “Triple Shift” growth strategy with a strong
dedication to its styrenic specialties business, well-balanced split across
all focus industries and improved global presence.
K-Resin® SBC and INEOS Styrolution’s
existing SBC brands Styrolux® and Styroflex® complement each other well. The
combined business will offer a broad selection of SBC products to customers
across the globe. The broader SBC product portfolio will enable the combined
business to better serve its customers.
“This measure marks our first acquisition and
drives the further implementation of our Triple Shift growth strategy. We will
strengthen our ability to offer specialty styrenics products to our customers,
and increase our production capacities in Asia. Our customers will benefit from
our ability to supply and support their world-wide demand from our expanded
geographic footprint, with SBC manufacturing and research and development
centers in all major regions, and from the well- known premium K-Resin® SBC
brand,” says Kevin McQuade, CEO INEOS Styrolution. “With this investment we will
further enhance our global presence in styrenics.”
Chevron Phillips Chemical and Daelim
Industrial Company founded KRCC as a joint-venture in February 2000. The
K-Resin® SBC plant is located in Yeosu Petrochemical Complex, the largest
petrochemical complex on the southern coast of South Korea.
“I am impressed by the quality of the production
site, a formidable operation and by the strong motivation of the staff,” says
Steve Harrington, President Asia Pacific, INEOS Styrolution. “We are looking
forward to integrate the local Korean assets quickly into our Korean INEOS
Chevron Phillips Chemical Announces Agreement
to Sell K-Resin® SBC Business to Styrolution
Chevron Phillips Chemical Company
LLC (Chevron Phillips Chemical) announced today that it has signed
an agreement with INEOS Styrolution to sell the company’s K-Resin®
styrene-butadiene copolymers (SBC) business. The deal is subject to
customary closing conditions and regulatory approvals.
As part of the transaction, INEOS Styrolution will purchase the
equity interests of K R Copolymer Co. Ltd (KRCC), which owns and
operates a K-Resin® SBC plant in the Yeosu Petrochemical Complex in
Certain Chevron Phillips Chemical’s proprietary K-Resin® SBC
intellectual property, and other Chevron Phillips Chemical assets
related to the business will also be transferred.
“K-Resin® SBC is an excellent strategic fit for INEOS Styrolution,
and we are confident the business will thrive as part of INEOS
Styrolution’s portfolio of products,” said Dave Morgan, Senior Vice
President of Polymers at Chevron Phillips Chemical. “This
divestiture is part of our continuous effort to focus on our core
competencies. Sharpening our portfolio aligns with our strategy to
pursue sustainable growth.”
Most of the approximately 80 KRCC and Chevron Phillips Chemical
employees affected are expected to have the opportunity to join
INEOS Styrolution. A few Chevron Phillips Chemical employees may be
redeployed within Chevron Phillips Chemical’s organization.
KRCC is a joint venture between an affiliate of Chevron Phillips
Chemical and Daelim Industrial Co. Ltd.
The company will also be shutting down older,
less efficient K-Resin® SBC production lines at the Pasadena Plastics Complex in
This action will bring Pasadena’s K-Resin® SBC nameplate capacity to
100 million pounds per year.
The company’s joint venture plant in South
Korea, K R Copolymer Co. Ltd., will maintain a nameplate capacity of
115 million pounds per year.
01 November 2016
INEOS O&P USA has acquired WL Plastics
INEOS O&P (INEOS Olefins & Polymers)
USA has today announced it has acquired 100% of the shares of
WLP Holding Corp., one of the largest
high density polyethylene (HDPE) pipe
manufacturers in North America. The business is headquartered in
Fort Worth, TX with production facilities in Kentucky, South Dakota,
Utah, Texas, and Wyoming. A facility in Georgia is currently under
With over 500 million pounds of
annual production capacity, WL Plastics (WL) provides HDPE pipe to
markets including oil, gas, industrial, mining, conduit, and municipal
water and sewer. The company’s best-in-class manufacturing processes and
experienced production personnel allow WL to be one of the most
efficient producers of HDPE pipe. WL’s mission is to be the supplier of
choice for its customers through an unwavering commitment to customer
service, high quality control standards and speed to market.
Dennis Seith, CEO of INEOS O&P USA
said, “We are very pleased to have acquired WL Plastics. The
business is well-positioned to serve the growing North American pipe
market and will complement INEOS’s existing portfolio of olefins and
Mark Wason, CEO of WL Plastics said,
“INEOS and WL are committed to safety, quality,
manufacturing excellence and customer service. We believe ownership
under INEOS will enable WL to strengthen our position in the market
place through upstream integration backed by the resources of a global
company enabling the next phase of WL Plastics growth.”
The purchase price was not disclosed.
INEOS O&P USA has acquired WL Plastics
INEOS O&P USA has today announced it has acquired 100% of the shares of
WLP Holding Corp., one of the largest high density polyethylene (HDPE)
pipe manufacturers in North America. The business is headquartered in
Fort Worth, TX with production facilities in Kentucky, South Dakota,
Utah, Texas, and Wyoming. A facility in Georgia is currently under
With over 500 million pounds of annual production capacity, WL Plastics
(WL) provides HDPE pipe to markets including oil, gas, industrial,
mining, conduit, and municipal water and sewer. The company’s
best-in-class manufacturing processes and experienced production
personnel allow WL to be one of the most efficient producers of HDPE
pipe. WL’s mission is to be the supplier of choice for its customers
through an unwavering commitment to customer service, high quality
control standards and speed to market.
Dennis Seith, CEO of INEOS O&P USA said, “We are very pleased to have
acquired WL Plastics. The business is well-positioned to serve the
growing North American pipe market and will complement INEOS’s existing
portfolio of olefins and polymer products.”
Mark Wason, CEO of WL Plastics said, “INEOS and WL are committed to
safety, quality, manufacturing excellence and customer service. We
believe ownership under INEOS will enable WL to strengthen our position
in the market place through upstream integration backed by the resources
of a global company enabling the next phase of WL Plastics growth.”
The purchase price was not disclosed.
acquire the North Sea Forties Pipeline System and Kinneil Terminal from BP
INEOS now responsible for a strategic UK
asset that delivers almost 40% of the UK’s North Sea oil and gas.
20% of the oil that passes down the
pipeline feeds the INEOS refinery to provide 80% of Scotland’s fuel.
Jim Ratcliffe Chairman and founder of
INEOS says, “This is another very significant deal for INEOS. The
acquisition reunites North Sea and Grangemouth assets under INEOS
ownership. INEOS is now the only UK company with refinery and petrochemical
assets directly integrated into the North Sea.”
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
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
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
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:
Forties Pipeline System (100%)
FPS equipment on Apache’s Forties
Forties Unity platform.
BP’s interest in the GAEL N (54.3%), and
GAEL S (30.5%) pipeline.
36” Forties sea-line.
St Fergus-to-Cruden Bay natural gas
Cruden Bay terminal.
36” Cruden Bay-to-Kinneil land-line.
Netherley, Brechin and Balbeggie pumping
LPG storage and export at Grangemouth
and Grangemouth docks.
Dalmeny tank farm and pipelines to Hound
Hound Point jetties.
Jul 04, 2017
EU clears INEOS’ buyout of DONG’s oil and gas
The European Commission has approved the takeover of DONG’s oil and gas business
by UK petrochemicals giant INEOS.
It comes after the Danish firm agreed to sell its oil and gas exploration and
production unit for $1.05 billion (£810m).
That includes a mix of long life and development fields, producing an average of
100,000 barrels of oil equivalent (boe) each day in the North Sea alone.
It also includes around 570 million boe of oil and gas
reserves in Denmark, Norway and the UK.
The deal is expected to position INEOS as a top 10 company
in the North Sea and significantly expand its trading and shipping
The Commission found the proposed transaction would raise no competition
concerns “given that the companies’ activities overlap to a limited extent and
that a number of alternative suppliers would remain in the market after the
24 May 2017
INEOS today announced that it has agreed to
acquire the Dong Oil & Gas Business from DONG Energy A/S for an unconditional
payment of $1.05bn, plus a contingent payment of USD 150 million related to the
Fredericia stabilisation plant and a contingent payment of up to USD 100 million
subject to the development of the Rosebank field.
In acquiring the entire DONG Oil & Gas Business, the deal positions INEOS as a
top ten company in the North Sea and the biggest privately owned exploration and
production business operating in this energy basin.
DONG Energy’s Oil & Gas business brings with it a good mix of long life and
development fields, producing an average of 100,000 boepd (in 2016) in the North
Sea, with around 570 million boe of commercial and potential oil and gas
reserves in Denmark, Norway and the UK (West of Shetland).
INEOS to buy the entire Oil & Gas business from DONG Energy A/S for a
headline price of $1.05 billion plus $250m contingent.
In acquiring the DONG Oil & Gas business, the deal positions INEOS as a Top
10 company and the biggest private enterprise operating in the North Sea.
The business being acquired has a strong portfolio of long life assets,
producing 100,000 barrels of oil equivalent per day (boepd) in 2016 and with
around 570 million boe of commercial and potential oil & gas reserves across
the Danish, Norwegian and UK Continental Shelves.
INEOS Phenol plans investment in a world
scale Cumene unit in Germany
The new plant will support customer
demand and improve security of supply for INEOS plants in Gladbeck and
Proprietary Cumene Technology from
Badger has been selected
INEOS Phenol has
today announced it is planning to build a world scale
Cumene in Germany with planned start up in 2020.
The construction of a new cumene plant will
support customer demand improve the security of raw material supply to INEOS
phenol and acetone plants located in Gladbeck and Antwerp.
INEOS Phenol is the world largest producer of
phenol and acetone and the largest consumer of cumene, which is an essential raw
material. This investment reinforces its commitment to its customers across its
The company has confirmed that the unit will
use Badger cumene technology and a full study of investment options is to be
completed by the end of 2017.
“Our plan to invest in our own world scale cumene plant with best in class
technology shows a clear commitment to our European Phenol sites and our
business” said Hans Casier, CEO of INEOS Phenol. “We expect a full study of
investment options will be complete by the end of this year.”
“INEOS Phenol already owns and operates one of the world’s largest single train
cumene plant at its Pasadena site in Texas, which uses Badger proprietary
technology. We are delighted that INEOS Phenol has also chosen us for this new
and exciting project.” said Dana Johnson, President of Badger.
Scottish government wins fracking case
Ineos claimed that ministers had acted
illegally in announcing the block in October 2017.
But the government argued that there is
no ban in place as the policymaking process is still ongoing.
Lord Pentland agreed that the challenge
was "unfounded" because "there is no prohibition against fracking in force".
And he agreed with Scottish government
lawyers that statements from ministers referring to an "effective ban" were
"mistaken and did not accurately reflect the legal position".
Scotland’s highest court ruled against petrochemicals company INEOS on Tuesday
June 19, after it challenged a devolved Scottish government moratorium against
fracking for oil and gas.
INEOS, headed by billionaire founder Jim Ratcliffe, argued the Scottish
government had imposed an unlawful ban on fracking in October 2017 and had
sought a judicial review to overturn it.
The Court of Session (スコットランド最高民事裁判所) said the
government had not imposed a ban, despite several
statements to that effect, and had instead an “emerging
and unfinalised planning policy expressing no support on the part of the
Scottish government” for fracking.
The extraction of oil and gas from tight rocks by fracturing them using
chemicals has become a contentious issue in Europe after it helped reverse a
fall in U.S. oil output, transformed its gas sector and boosted the economy of
Despite that, fracking is also associated with environmental issues such as
increased industrial activity, fears over water contamination and objections
that it boosts fossil fuel production when more renewable energy should be
INEOS operates a refinery at Grangemouth, down the Firth of Forth, and ships
shale gas from the United States to supply it. It holds the rights, expiring on
June 30, to explore for gas over a 400 km area between Glasgow and Falkirk.
The devolved Scottish government announced last October it was against fracking,
in line with public opinion.
It ordered local authorities to reject planning
applications from companies seeking to frack, a measure that energy
minister Paul Wheelhouse told parliament was “sufficient to effectively ban the
development of unconventional oil and gas extraction”.
“The decision that I am announcing means that fracking cannot and will not take
place in Scotland,” he said then.
Judge Lord Pentland said, despite such ministerial statements which he cited in
the court opinion, “there is indeed no prohibition against
fracking in force at the present time”.
INEOS welcomed the court’s decision which it said clarified the “confusion
arising out of government announcements”.
“Today’s judgement makes it clear the SNP government will
now have to make decisions based on facts and science rather than
prejudice and political expediency,” it said. “With an environmental assessment
and business and regulatory assessments still to be carried out, there may never
be a fracking ban in Scotland.”
Wheelhouse said, in reaction to the court ruling, that the government’s position
against fracking remained unchanged.
Just over 100 miles south of the border, British shale gas developer Caudrilla
expects to fracture its first two horizontal wells in Blackpool later this year,
subject to approvals.
Ineos to invest 2.7
bln euros in 2 chemical plants in Europe
Petrochemicals company Ineos
will invest 2.7 billion euros ($3.15 billion) to build a new
chemical cracker and a propane
dehydrogenation (PHD) unit in northwest Europe, the
company said on Tuesday.
This is the first cracker to
be built in Europe in 20 years and both facilities will benefit
from US shale gas economics, it
said, adding that the location of the site will be announced
soon and the project will be completed in four years.
This new investment follows a
decision taken by Ineos last year to increase the capacity of
its existing crackers.
03 Oct 2018
INEOS Phenol to expand phenol capacity of Mobile, Alabama, plant
to 850,000 mt/year
INEOS Phenol said Wednesday it will expand the phenol capacity
of its 540,000 mt/year Mobile, Alabama, plant
to 850,000 mt/year, turning it into
the largest plant in the world.
"This expansion will meet anticipated growth in demand and shows
a clear commitment to our customers to meet their long-term
needs in North America," INEOS CEO Hans Casier said.
The company noted that the asset in Mobile was already the
"largest and most efficient single train plant" in the US and
said that the expansion will build on existing strength while
taking advantage of its location in the US Gulf Coast.
The company cited anticipated demand growth as a driving factor
behind the expansion. An anticipated start up date was said to
be by 2021, according to a media spokesman.
Meanwhile, the US phenol market has been extremely tight in
recent weeks on the back of healthy demand. Spot phenol in the
US has been talked at 16 cents above the benzene contract and
higher and prices were last assessed at $1,206/mt FOB USG.
makes final investment decision for ASA capacity in the
to meet our customers’ increasing future demand
Expanding ASA and
ABS production capacity in North America
Underlining of the
company’s Triple Shift growth strategy
INEOS Styrolution, the
global leader in styrenics, announces today the final
investment decision to construct a new
100kt capacity ASA plant at its site in Bayport,
The new ASA (acrylonitrile
styrene acrylate polymer) facility strengthens the INEOS
Styrolution position as the only global producer with ASA
production capacity in all regions. Upon the start-up,
scheduled for 2021, the new facility will unleash additional
capacity of ABS polymers at the existing INEOS Styrolution
Altamira plant in Mexico.
A contract for
engineering, procurement, and construction has been awarded
to WorleyParsons, a leading global provider for the chemical
“I am looking forward to
offering our customers additional ASA capacity allowing for
more flexible production of specialty grades per their
growing demand in the Americas. In addition, we will be able
to produce more ABS in our existing plant in Mexico also
serving the growing ABS market,” explains Alexander Glueck,
Kevin McQuade, CEO INEOS
Styrolution, comments: “We continue to follow a strong
growth path to meet customer needs, particularly in
growth markets like the Americas. Our Triple Shift
growth strategy continues to serve as an excellent
INEOS Styrolution is the leading, global styrenics
supplier with a focus on styrene monomer, polystyrene,
ABS Standard and styrenic specialties. With world-class
production facilities and more than 85 years of
experience, INEOS Styrolution helps its customers
succeed by offering the best possible solution, designed
to give them a competitive edge in their markets. The
company provides styrenic applications for many everyday
products across a broad range of industries, including
Automotive, Electronics, Household, Construction,
Healthcare, Packaging and Toys/ Sports/ Leisure. In
2017, sales were at 5.3 billion euros. INEOS Styrolution
employs approximately 3,300 people and operates 18
production sites in nine countries.
LARGEST PETROCHEMICALS COMPANY, ANNOUNCES ANTWERP AS
THE LOCATION FOR ITS NEW GROUND BREAKING 3 BILLION
EURO PETROCHEMICAL INVESTMENT.
The €3 billion
investment will be the biggest ever made by INEOS and is
first cracker to be built in Europe in 20 years.
The investment is a
game changer for the chemical sectors and will bring
huge benefits to the Belgium and wider European
Sir Jim Ratcliffe,
Founder and Chairman of INEOS says: “Our investment in a
gas cracker and world-scale PDH unit is the largest of
its kind in Europe for more than a generation and is an
important development for the European petrochemical
industry. We believe this investment will reverse years
of decline in the sector.”
INEOS has today
announced that Antwerp, Belgium will be the location for
its multi-billion Euro project for
an ethane gas cracker and world-scale PDH unit in
Europe. The €3 billion
investment is the largest investment in the
European chemicals sector in 20 years and could be a
game changer for the Belgium economy.
Sir Jim Ratcliffe,
CEO and Chairman of INEOS said: “Our investment in a gas
cracker and world-scale PDH unit is the largest of its
kind in Europe for more than a generation and is an
important development for the European petrochemical
industry. We believe this investment will reverse years
of decline in the European chemicals sector.”
The new petrochemical
complex will be co-located with INEOS’ existing sites in
Europe making polymers and will be
connected by pipeline to a number of INEOS ethylene and
propylene derivative units in the region.
INEOS already has a
major presence in Belgium, employing 2500 people across
9 manufacturing sites, with 6 of these located in
Antwerp and 3 Research and Technology centres.
John McNally, CEO of
the Project said: “The selection of Antwerp as a
location for these new assets is a significant
step-forward for the development of this project. This
decision builds upon our long-standing relationship with
the Port of Antwerp, the City of Antwerp, and the
governments of Flanders and Belgium.”
Rob Ingram, CEO INEOS
Olefins & Polymers Europe. North said: “The addition of
these world-scale assets, using cutting edge
technologies that are also highly energy efficient, will
give us a competitive and sustainable cost base. We
believe this will significantly strengthen the whole of
the ethylene and propylene derivative chains within
INEOS and allows us to continue to support the growth
and development of our customers for years to come.”
03 July 2018
INEOS Announces €2.7 Billion investment in new European Chemical
INEOS commits to building a new
world scale chemical cracker and PDH plant in North West Europe.
The €2.7 billion is the biggest
capital investment ever made by INEOS.
This is the first cracker to be
built in Europe in over 20 years.
Jim Ratcliffe, Founder and
Chairman of INEOS says, “This is the largest investment to be made
in the European chemical sector for a generation. It will be a game
changer for the industry and shows our commitment to manufacturing.”
Today INEOS has approved a €2.7
billion capital project to build both a world
scale ethane cracker and a PDH (Propane Dehydrogenation) unit in
Northern Europe. Both units will benefit from US
shale gas economics.
This will be the first new cracker
built in Europe for two decades. It will also be one of the most
efficient and environmentally friendly plants of its type in the world.
The location of the site will be
determined soon and it is likely to be on the coast of North West
Europe. A project team has been assigned to consider options and the
project is expected to be completed within four years.
Gerd Franken, Chairman INEOS Olefins
and Polymers North says, “This new project will increase INEOS
self-sufficiency in all key olefin products and give further support to
our derivatives business and polymer plants in Europe. All our assets
will benefit from our ability to import competitive raw materials from
the USA and the rest of the world”
This new investment follows a
decision taken by INEOS last year to increase the capacity of its
Jim Ratcliffe adds, “INEOS is going
from strength to strength. This new investment builds on the huge
investment we made in bringing US shale gas to Europe and will ensure
the long-term future of our European chemical plants.”
INEOS to construct PDH unit,
increase cracker facilities capacity
INEOS has announced plans to
construct a world-scale Propane Dehydrogenation (PDH) unit in Europe.
The plant will produce 750,000 tpy of propylene
for INEOS units across the continent.
A number of possible locations are
currently being considered including a number of INEOS sites at Antwerp
INEOS also Intends to increase the
ethylene capacity of its cracker facilities at
Grangemouth in Scotland and Rafnes in Norway to over 1 MMt each.
“These are exciting times for INEOS
as we plan to further increase the capacity of our crackers in Europe
and at the same time to build an entirely new PDH plant,” said Gerd
Franken, CEO INEOS Olefins & Polymers North. “These expansions and new
builds will increase our self-sufficiency
in all key olefin products and give further support to our derivative
businesses and polymer plants in Europe. All our assets will benefit
from our capability to import competitive raw materials from the US and
the rest of the world.”
INEOS currently produces nearly
4.5 MMt of ethylene and propylene across Europe,
but remains the largest buyer of ethylene and propylene in the region.
“These projects represent the first
substantial investments in the European chemicals industry for many
years. It has only been made possible because of INEOS massive $2 B
investment in our Dragon Ships program, which allows us to import ethane
and LPG from the US in huge quantities,” said Jim Ratcliffe, founder and
chairman of INEOS.
vision paves way for fresh opportunities in Europe
billion to be invested to keep a competitive manufacturing base
ground-breaking decision to ship shale gas
from America has paved the way for new investments on
competitively priced raw materials will now be used in plans
to expand production of ethylene and propylene for INEOS’
businesses in Europe.
Output from the
new production will be used to feed INEOS’ derivative
businesses, replacing ethylene and propylene currently
purchased from other companies.
In all, nearly
2 billion Euro will be spent on major new petrochemical
projects in Europe, with Belgium, Norway and Scotland all
likely locations for significant investments.
access to cost advantaged raw materials these investments
could not be possible,” said Gerd Franken, CEO
INEOS Olefins & Polymers North.
expanding the crackers at Rafnes, Norway, and Grangemouth,
Scotland, is expected to start in 2019 and, once built,
could add up to 900kt to INEOS’ overall of ethylene
In addition to
the investments in ethylene, INEOS is also planning a new
production facility to produce 750kt of propylene, with
Antwerp in Belgium one of the possible locations.
of competitive raw materials to increase the
self-sufficiency of our European businesses will support our
position in Europe and help to protect our businesses
against pressure from imported products,” said
Gerd. “This will become increasingly important
as significant new capacities come on-line in the US over
the coming years.”
The decision to
expand capacity at Grangemouth is especially good news for
the staff who, in 2013, had faced the prospect of the
ethylene plant shutting due to dwindling North Sea gases.
our only feedstock and we were running out of it,”
said John McNally, CEO INEOS Olefins & Polymers UK. “At times the plant was running at 50% capacity.”
Jim Ratcliffe said that these would be the first substantial
investments in the European petrochemicals industry in many
“Collectively, these investments are the equivalent of
building a new world-scale cracker in Europe,”
Head of Investor Relations, said the investments, which
could create up to 100 jobs in total, showed that INEOS was
committed to maintaining a competitive manufacturing base in
produces almost 4.5 million tonnes of ethylene and propylene
– the key building blocks for many petrochemicals – but
still remains the largest buyer of both in the region.
2019/02/27 ICIS News
INEOS chooses Hull for £150m VAM plant as part of £1bn overall UK
INEOS has announced Hull in the northeast of the UK
as the location for its new 300,000 tonnes/year vinyl
acetate monomer (VAM) plant, as the privately-owned chemicals major on
Wednesday committed to investing £1bn in its UK
The company initially announced its plans to build a VAM plant in Europe in
September 2017, with Antwerp in Belgium and Cologne in Germany also mooted as
possible locations at the time.
“This is an exciting time for INEOS and great news for manufacturing in the
region,” said INEOS Oxide CEO Graham Beesley.
“We are proud to be bringing production of this important material back to the
UK. This will not only strengthen UK manufacturing but boost exports from the UK
to [the rest of] Europe and the rest of the world.”
Elsewhere, the largest of the three investments announced on Wednesday will be
in the Forties Pipeline System (FPS), where INEOS
will spend £500m in upgrading the asset and extending its lifeline into the
INEOS purchased the FPS from chemicals and energy major BP
in November 2017.
of Forth）にあり、North Sea の70以上の油田から英国の石油生産の半分以上を輸送する
Forties Pipeline System につながっている。ほとんど全ての燃料をスコットランドで販売している。 Grangemouth 製油所に隣接し INEOS
“INEOS intends to overhaul the reliability of the 500km pipeline system,
including modernising the environmental systems and implementing the latest
technology into its systems,” the company said.
The third investment will be in a new £350m steam and
power plant at INEOS’ Grangemouth facility, which will deliver improved
energy efficiency, it said.
“At an uncertain moment for the country, INEOS has confidence in its businesses
and is committed to continue investing in manufacturing and high-skilled jobs in
the UK,” said INEOS' majority owner Jim Ratcliffe.
INEOS Oxide to double capacity of
its new Ethylene Oxide and Derivatives facility
New plant will be 1.2 billion pounds (520,000 Tonnes) of EO per
annum. Operational 2023.
INEOS Oxide has today announced that it is to double the size of its
planned Ethylene Oxide (EO) and Ethylene Oxide Derivatives (EOD) facility to be
built on the U.S. Gulf Coast. The new plant will produce 1.2 billion pounds of
EO (circa 520kt). The plant is expected to be
operational in 2023.
Ghislain Decadt, Operations Director, INEOS Oxide said,
“Doubling the capacity of our planned Ethylene Oxide and Derivatives facility is
a significant commitment in support our customers and their growth ambitions in
the US. This build allows us to address a fast growing EO merchant market as
well as our own requirements. Combined with our upstream olefins capabilities
this world class facility will secure our position as a reliable and competitive
In addition to installing its own Ethoxylate derivative capacity on-site
and infrastructure to supply customers by rail, INEOS plans to allow interested
third-parties to co-locate on site and consume EO by pipeline.
INEOS is considering several sites on the U.S. Gulf Coast.
05 June 2018
INEOS Oxide move forward on
project to construct Ethylene Oxide and Derivative facility on the U.S.
INEOS Oxide today announces that following a detailed study it is
moving forward with the next stage of its project to construct an Ethylene
Oxide (EO) and Ethylene Oxide Derivatives (EOD) facility on the U.S. Gulf
Coast. It is planned that the asset will be operational in 2022.
Frederick Rulander, COO INEOS Oxide North America, said
“This exciting project for INEOS is an important part of our expansion plans
in the U.S. It allows us to address a fast growing EO
merchant market as well as our own requirements. The project builds
on our experience in Europe as the largest EO and Ethoxylate producer.”
INEOS is planning a plant that is initially capable of producing
around 270 ktpa (600 million pounds) of EO,
with ethoxylate derivative capacity on-site. In addition to supply by rail,
the project will allow third-parties to co-locate on site and consume EO by
pipeline, as required. A similar approach to our highly successful asset
based in Antwerp.
INEOS is considering several sites on the U.S. Gulf Coast and are well
advanced in evaluating competing EO technologies.
Confirmation of the investment location and technology partner are
expected later this year.
INEOS set to acquire Cristals North
American Titanium Dioxide Business from Tronox for $700 million.
Jim Ratcliffe, INEOS Chairman said, “This is a great
opportunity for INEOS to enter the pigments market and become the second largest
producer of titanium dioxide in the key North American market.”
INEOS Enterprises has today announced that it has signed an agreement to
acquire The North American business of National Titanium
Dioxide Company Limited (Cristal) from Tronox Limited for $700 million.
Cristal’s North American business includes
two-plants located at the Ashtabula Ohio (US) complex. The deal forms the
proposed remedy package submitted to the US Federal Trade Commission (FTC) by
Tronox ahead of its proposed acquisition of Cristal’s global titanium dioxide
Cristal’s Ashtabula Complex consists of two facilities – Plant 1 and Plant 2
– that produce titanium dioxide pigment (TiO2).
two plants occupy approximately 140 acres adjacent to Fields Brook and two miles south of Lake Erie.
Both plants produce TiO2
through the chloride process, utilizing chlorine to react with titanium-bearing ores in
a high-temperature process. This process produces rutile TiO2
which allows for increased purity and greater control over the pigment’s particle size distribution than other manufacturing processes.
Titanium tetrachloride (TiCl4)
is produced as an intermediate product in the chloride process. The complex
also sells TiCl4
for use in the titanium metals industry and in the production of catalysts and
The proposed sale of the North American business to INEOS, has received
support from Cristal and Tronox’s North American customers and will make INEOS
the second largest producer of this essential product in the country. The wider
transaction and remedy proposal is subject to clearance by the Federal Trade
Ashley Reed, CEO of INEOS Enterprises said, “This is a great
opportunity for INEOS to enter the pigments market, by acquiring a competitive
business, with excellent people and assets. INEOS has a strong track record of
manufacturing excellence, running its businesses safely and reliably and working
closely with customers to meet their growth aspirations.”
Titanium dioxide is a white pigment found in a wide range of applications
from paints and varnishes as well as paper and plastics. It is the most widely
used white pigment because of its brightness. Pigment applications include
printing inks, fibres, rubber, cosmetic products, glass and ceramics. The global
titanium dioxide market is highly competitive, with players competing based on
price, quality or product, technical service, and the availability of
INEOS signs agreement with Saudi Aramco and Total to build its
first ever plants in the Middle East.
The three world-scale plants will produce the key building
blocks for carbon fibre, engineering polymers and synthetic lubricants that
are pivotal to economic growth in the region.
Saudi Aramco and Total are preparing the construction of a $5 bn
petrochemical complex (Project Amiral) which will supply more than $4 bn of
downstream derivatives and speciality chemicals units; the three INEOS
plants will be part of them.
Jim Ratcliffe Chairman of INEOS said: “The timing is
right for us to enter this significant agreement in Saudi Arabia with Saudi
Aramco and Total. We are bringing advanced downstream technology which will
add value and create further jobs in The Kingdom.”
A new state-of-the-art 425,000 tonne acrylonitrile
plant, will use INEOS’ world leading technology and catalyst. It will be
the first plant of its kind in the Middle East when it starts up 2025.
INEOS will also build a 400,000 tonne LinearAlphaOlefin
(LAO) plant and associated world-scale
PolyAlphaOlefin (PAO). These units will be the most energy efficient in
the world when they begin production in 2025.
The location in The Kingdom of Saudi Arabia will give INEOS access to
competitive raw materials and energy, with well invested infrastructure, to
better serve customers directly in the Middle East and markets across Asia.
Jim Ratcliffe Chairman of INEOS said: “This is a major milestone for
INEOS that marks our first investment in the Middle East. The timing is right
for us to enter this significant agreement in Saudi Arabia with Saudi Aramco and
Total. We are bringing advanced downstream technology which will add value and
create further jobs in The Kingdom.”
The project represents a continuation of INEOS’ growth strategy following
the announcement of €3bn investment into a new plant at Antwerp, £1bn investment
across the UK, acquisitions in China and capacity increases in the US Gulf
Coast, Alabama and Chocolate Bayou facilities.
Paul Overment CEO INEOS Nitriles said: “Global demand for
acrylonitrile continues to grow ahead of GDP, to meet the demand for lighter,
stronger, energy efficient materials such as ABS, composites and carbon fibre.
This first investment in the Middle East consolidates our position as the market
leader and shows a clear and ongoing commitment to meet our customers’ needs
wherever they are in the world.”
Joe Walton, CEO INEOS Oligomers said: “INEOS Oligomers is one of the
world’s leading merchant suppliers of LAO and PAO. The size and location of
these new plants reinforces our commitment to keep pace with our LAO and PAO
customers’ expanding requirements globally.”
INEOS Nitriles is currently the world’s largest producer
of acrylonitrile and acetonitrile with more than 90% of the world’s
acrylonitrile using INEOS technology. It currently has four manufacturing
plants, two in North America (Texas & Ohio) and two in Europe (Germany & UK).
Terminals throughout the world facilitate our sales to customers in all regions
globally. The INEOS Nitriles plant in Green Lake Texas is the largest and most
efficient facility in the world.
INEOS Oligomers already has a worldwide network of LAO and PAO production
plants and bulk storage locations. The business produces a comprehensive range
of speciality and intermediate chemicals derived from ethylene and isobutene.
Note to editors:
INEOS is a leading manufacturer of petrochemicals, specialty chemicals and
oil products. It has 34 businesses, with a production network spanning 171
manufacturing facilities in 24 countries. From paints to plastics, textiles to
technology, medicines to mobile phones - chemicals manufactured by INEOS enhance
almost every aspect of modern life. INEOS had sales in 2018 of around $60bn and
EBITDA close to €6bn. Its products make a significant contribution to saving
life, improving health and enhancing standards of living for people around the
INEOS Nitriles is a part of INEOS Group Holdings S.A. It is the world’s
largest producer of Acrylonitrile and Acetonitrile and the world’s leading
supplier of nitrile-based chemicals. The company maintains its leadership
position through its technological know-how, market access and manufacturing
capability. INEOS technology is used by over 90% of the world’s Acrylonitrile
production units. The business currently has sales of around $2.5 billion per
annum and employs 900 people across its manufacturing facilities in Köln
(Germany), Seal Sands (UK), Green Lake (Texas, USA) and Lima (Ohio, USA). It has
a total capacity to produce around 1.7 million tonnes, of product each year.
INEOS Oligomersproduces a comprehensive range of specialty and
intermediate chemicals including Linear Alpha Olefins, Poly Alpha Olefins,
Polybutenes and Specialty Oligomers. As an industry leader, INEOS Oligomers has
a strong track record of product quality, engineering excellence, and
The business makes four product groups:
Linear Alpha Olefins (LAO), which are used as co-polymers in polyethylene
manufacture as well as in surfactants, lubricants and oil drilling fluids
Polyalpha Olefins (PAO), essential in the production of
high-performance synthetic lubricants, these products offer superior quality
base oils that continue to provide better fuel efficiency in cars, buses and
trucks, lowering carbon emissions in transportation. A growth market is into
wind turbines where these products can extend efficiency and service life of
Polybutene (PIB), used in lubricants, adhesives, surface coatings,
personal care products, pharmaceuticals, stretch/cling film,
sealants/caulks/putties, rubber & polymer modification, and agriculture.
A variety of Specialty Products, such as Isoamylene, Cyclopentane and
Diisobutylene used in a diverse array of end applications, such as
cosmetics, refrigeration liquids and tyre production
11 July 2019
INEOS Phenol is to
build a world scale Cumene unit at Marl, Germany
The new 750,000 tonne plant will support future customer
demand and improve the security of supply for INEOS plants in
Gladbeck and Antwerp.
The unit will be a fully integrated cumene plant, making use
of existing pipeline connections between INEOS’ phenol and acetone
production in Gladbeck, the Evonik Chemiepark site in Marl and the
BP refinery and cracker complex in Gelsenkirchen.
INEOS Phenol has today announced it is to build a world scale,
state of the art cumene unit in Marl Germany,
to be completed in 2021.
The new 750,000 tonne unit will use
existing pipeline connections between INEOS’ phenol and acetone
production site in Gladbeck, the Evonik Chemiepark in Marl and the BP
refinery and cracker complex in Gelsenkirchen. Its location will
optimise the efficiency of the plant by integrating raw materials from
the refinery and cracker complex. The site also benefits from the Marl
harbor waterway connection.
Construction of the plant will support customers ambitions and secure
the supply of raw material to the INEOS phenol and acetone plants
located in Gladbeck and Antwerp for decades to come.
INEOS Phenol is the world’s largest producer of phenol and acetone and
the largest consumer of cumene, which is an essential raw material. This
investment reinforces its commitment to customers across its world
“We are very pleased to be making this important feedstock
investment in our European business. It shows a clear commitment by
INEOS to its business, customers and suppliers. Our customers should be
confident that we are investing in our business to meet their long-term
business needs.” said Hans Casier, CEO of INEOS Phenol.
“It is a great pleasure that the Chemiepark Marl will host
this world-scale, state-of-the-art facility. The plant is of utmost
importance for the Verbund structure of the entire chemical cluster of
the northern Ruhr Area,” said Jörg Harren, site Manager
Chemiepark Marl from Evonik.
01 October 2019
INEOS breaks ground at its world
scale Cumene investment at Marl, Germany
INEOS Phenol will be joined by the Minister of Economic Affairs,
Innovation, Digitalization and Energy of the State of North
Rhine-Westphalia, Prof Dr Andreas Pinkwart and local politicians to break
ground on the new cumene investment at the Evonik Chemiepark in Marl.
The new state of the art 750,000 tonne cumene unit will support
future demand and improve the security of supply for INEOS plants in
Gladbeck and Antwerp.
The fully integrated unit will utilise existing pipeline connections
between INEOS’ phenol and acetone production in
Gladbeck, the Evonik Chemiepark site in Marl and the BP refinery and
cracker complex in Gelsenkirchen.
INEOS Phenol today has broken ground at its world scale
cumene investment in Marl Germany. The new state of the art
750,000 tonnes unit is scheduled to be completed in
Its location will help optimise the efficiency of the plant by integrating
raw materials from the refinery and cracker complex. The site also benefits from
the Marl harbour waterway connection.
The ceremony was attended by Economy Minister Andreas Pinkwart and local
politicians, as well as customers and business partners of INEOS.
INEOS Phenol is the world’s largest producer of phenol and acetone and the
largest consumer of cumene as an essential raw material. The construction of the
plant will support customer’s ambitions and secure the supply of raw material to
the INEOS phenol and acetone plants located in Gladbeck and Antwerp for decades
At the ceremony, Andy Currie, Director of INEOS Capital said,
“INEOS Phenol has been a strong contributor to the INEOS Group for nearly 20
years. The investment here, at Marl in a world scale cumene unit will help
underpin the continued success of this business for many more years to come.”
Hans Casier, CEO of INEOS Phenol said, “We are very pleased to
be making this important feedstock investment in our European business. It shows
a clear commitment by INEOS to its business, customers and suppliers. Our
customers should be confident that we are investing in our business to meet
their long-term business needs.”
Minister Pinkwart said, “The chemical industry is the driver of
innovation, it provides essential basics and is imperative for coping with tasks
ahead. This new plant will be a fine example of the industry's innovative
strength. Today's ground-breaking ceremony is also a sign for the unique
‘Verbund’ structure of our chemical industry in North Rhine-Westphalia. The
‘Verbund’ makes an important contribution to the attractiveness of chemistry in
the northern Ruhr area and to the increasing competitiveness of our industry.”
Dr Jörg Harren, Site Manager of the Marl Chemical Park, was convinced of
the strength of the production network in the Chemical Park, "Our
plant is not only emblematic of the chemical network of the entire northern Ruhr
area. With our strong infrastructure and proven expertise, we are the right
place for this high-tech INEOS chemical plant."
2001年 Degussaから子会社 Phenolchemieを買収
03 October 2019
INEOS announces launch of consultation on the potential closure of Seal Sands
INEOS, owner of the site since 2008, has invested almost €200m in an effort to
keep the plant viable and faces the need to invest the same again going forward.
Concern for the future long-term safe operation of a hazardous site is the
INEOS has today announced its intention to consult with employees on the
proposed closure of the acrylonitrile manufacturing plant
at Seal Sands on Teesside.
The site which employs 224 people has been in INEOS ownership since 2008. In the
event the plant closes, not all of these positions will be at risk of redundancy
due to the continuation of other activities at Seal Sands.
Over the past 10 years, INEOS has invested almost €200m in the site to try to
counter decades of significant under investment. Despite the Company’s best
efforts and the fact that every penny of profit has been ploughed back into the
site to reverse this situation, the Company is of the view that nothing more can
be done to ensure that operations are both safe and
economically viable. It would require another €200m just to meet INEOS
standards and environmental regulations. The Company intends to consult on any
viable alternatives to closure.
The acrylonitrile process needs careful management and involves handling
significant quantities of hazardous material. The Company feels that it would
not be possible to guarantee the long-term safety of our employees or our
neighbours through continued operation of the plant and have thus reluctantly
concluded that we should consider the option to close.
Paul Overment, CEO of INEOS Nitriles said, “After considering many options, we
feel that we must now consult with employees on the potential closure of the
plant. We do so with a heavy heart but there is no escaping the fact that
decades of under investment on the site have led us to this point. Manufacturing
assets need constant renewal if they are to survive.
The last 10 years have proven that it is
almost impossible to play catch-up and the lesson for us and other UK
manufacturers is that constant reinvestment is vital for long term prosperity.”
Sir Jim Ratcliffe owns
60% of Ineos, and his top two lieutenants at Ineos, Andy Currie and John
Reece, each own 20% of the company.
09 January 2020
INEOS Styrolution invests in ABS world-scale plant in China
INEOS Styrolution, the global leader in styrenics, has announced today plans to
build a world-scale ABS plant in Ningbo, China. The
new production site will be adjacent to the recently acquired polystyrene plant
Less than a year after announcing the acquisition of two
polystyrene production sites in China, INEOS Styrolution embarks on plans
to grow its production capacity in the country significantly. The company plans
to construct a green field ABS plant adjacent to the Ningbo polystyrene site in
the Zhejiang Province in Eastern China.
Its annual capacity is planned to be at 600,000 tonnes.
Construction is planned to start in 2020, completion is expected in 2023.
The announcement made by INEOS Styrolution forms part of a wider Strategic
Cooperation Framework Agreement with the Ningbo Municipal People’s Government
signed today by INEOS. This framework agreement will help facilitate mutual
benefit between INEOS and Ningbo City.
“China is the biggest ABS market in the world. This new investment will give us
a tremendous opportunity to provide our customers in the region with locally
produced ABS grades,” Steve Harrington, President Asia-Pacific said.
“Asia has been identified by us as a significant growth market,” adds Kevin
McQuade, CEO INEOS Styrolution. “Today’s announcement shows our dedication to
our Triple Shift growth strategy. As the global leader in styrenics, we are
committed to supporting our Chinese customers’ growth with our new local
Styrolution announces agreement to acquire two polystyrene production
sites in China from Total S.A.
The acquisition underlines INEOS
Styrolution’s focus on the Asian growth market
The deal will grow INEOS Styrolution’s
polystyrene production capacity by 400kt per year
INEOS Styrolution, the global leader in
styrenics, announced today that it signed an
acquisition agreement with Total S.A. for two
polystyrene (PS) production sites in China. The deal includes the
purchase of the wholly owned Chinese PS business including two production
sites in Ningbo 寧波 and Foshan 仏山 and two
related offices in Guangzhou and Shanghai.
The transaction signals INEOS
Styrolution’s first production move into China and underlines the company’s
commitment to the Asian growth market, as derived from the company’s “Triple
Shift” growth strategy.
“A little more than one year after our
first acquisition*, INEOS Styrolution continues to grow its footprint in the
Asian market,” says Kevin McQuade, CEO INEOS Styrolution. “Not only does
this move allow us to significantly increase our presence in a region with
growing demand for polystyrene, it also enables us to provide customers in
our core industries with locally produced best-in-class materials.”
The Foshan site is located in the
Guangdong Province in South China. The Ningbo site is located in the
Zhejiang Province south of Shanghai in Eastern China. The annual nameplate
capacity of each site is 200kt per year.
“This is an important milestone for both
INEOS Styrolution and the INEOS Group as it represents our first
manufacturing assets in China,” comments Steve Harrington, President Asia
Pacific and Global Styrene Monomer. “In addition, it provides us with a
platform to further develop our manufacturing base in China.”
The transaction is subject to approval by
the regulatory authorities.
INEOS enters the Liquified Natural Gas LNG
market with a 1.4 million tonne per annum agreement with Sempra Infrastructure
The long-term agreement marks INEOS’
entry into the global Liquified Natural Gas (LNG) market. The company is a
first mover among European corporates as it secures competitive sources of
energy to meet its own needs and those of its customers throughout the
energy transition. INEOS intends to build partnerships with other industrial
users of energy in Europe to help them access the same competitive sources
of energy. It is the first market entrant to operate in this way in many
Brian Gilvary, Chairman INEOS Energy
said, “This agreement represents a major step forward in the
INEOS Energy journey, at a time of significant transformation in the energy
industry. Our entry into the global LNG market
opens new opportunities to supply affordable, clean and reliable energy to
the market. Long term supply from INEOS Energy will help alleviate the
structural energy issues in Europe.”
The Port Arthur LNG
development project is a 13.5 Mtpa, fully permitted facility on a
3,000 acre site in Jefferson County, Texas. In addition, Sempra
Infrastructure has signed an HOA with the Cameron LNG partners for the
development of the proposed 6.75-Mtpa Cameron LNG Phase 2 project in
David Bucknall, CEO INEOS Energy said,
“We are delighted to begin a strategic relationship with Sempra
Infrastructure bringing significant expertise in construction and operation
of LNG facilities. This agreement is an important part of our strategy as we
build a network of liquefaction, shipping, and regasification capacity to
deliver affordable, cleaner and reliable energy to our businesses and
customers in Europe and around the world.”
INEOS is committed to achieving net zero
by 2050 across its operations. The company is working to decarbonise the
supply chain through carbon capture and storage and provide optionality for
alternative sources of energy such as its leadership in the production of
hydrogen, as we develop them over time.
“INEOS is one of Europe’s largest
end-users of natural gas and we look forward to building a long-term
relationship with a company that shares our vision of increasing the world’s
energy security while simultaneously advancing lower-carbon energy sources,”
said Justin Bird, CEO of Sempra Infrastructure.
“This HOA demonstrates our ongoing momentum in advancing our next generation
of LNG export facilities with an eye toward supplying US natural gas to some
of the world’s leading energy and manufacturing companies.”
The Agreement is a preliminary
non-binding arrangement, and the development of the Port Arthur LNG and
Cameron LNG Phase 2 projects are subject to securing all necessary permits,
signing engineering and construction contracts, obtaining financing and a
final investment decision.
INEOS and SINOPEC sign three significant
petrochemical deals with an aggregate value of $7bn
These transactions establish a very
large footprint for INEOS in China.
The agreements will have a combined
capacity of 7 million tonnes per annum, generating a turnover of around
$10bn. The three deals are:
1) SECCO joint venture.
INEOS will acquire 50% of
Shanghai SECCO Petrochemical Company Limited.
SECCO has a capacity of 4.2
million tonnes of petrochemicals including ethylene, propylene,
polyethylene, polypropylene, styrene, polystyrene, acrylonitrile,
butadiene, benzene and toluene.
INEOS and SINOPEC will also
establish a second 50:50 joint venture for ABS
(Acrylonitrile Butadiene Styrene), based on INEOS’ world leading
proprietary ABS Technology.
This will include the
600ktpa Ningbo facility currently under
construction, plus a further 600ktpa of new
INEOS Styrolution, the
global leader in styrenics, has announced today plans to
build a world-scale ABS plant in Ningbo, China. The new
production site will be adjacent to the recently acquired
polystyrene plant in Ningbo.
Its annual capacity is
planned to be at 600,000 tonnes. Construction is planned to
start in 2020, completion is expected in 2023.
3) HDPE joint venture.
INEOS and SINOPEC will also
establish a third 50:50 joint venture
to build a new 500ktpa HDPE
(High-Density Polyethylene) plant in Tianjin.
In addition to the Tianjin plant
INEOS and SINOPEC shall build at least two
additional 500ktpa HDPE plants in the future to produce INEOS
pipe grade under license. The INEOS technology is again world
Sir Jim Ratcliffe, Chairman and CEO
INEOS said: “These agreements significantly reshape INEOS’
petrochemical production and technology in China. We are pleased to make
these major investments with SINOPEC in areas that provide the best
growth opportunities for both companies.Both
parties recognise the potential for closer collaboration across a number
of other areas as we look ahead.”
INEOS and SINOPEC have today signed three
back-to-back deals worth a combined value of $7bn.
These landmark agreements are expected to
generate a combined turnover of around $10bn from 7 million tonnes of
capacity. The three agreements will significantly reshape INEOS’
petrochemicals production and technology in China.
Firstly, INEOS has agreed to acquire a
50% stake in Shanghai SECCO Petrochemical Company Limited (“SECCO”), a
subsidiary of China Petroleum & Chemical Corporation (SINOPEC). SECCO
currently has a production capacity of 4.2 million tonnes of petrochemicals
- including ethylene, propylene, polyethylene, polypropylene, styrene,
polystyrene, acrylonitrile, butadiene, benzene and toluene. It is a
200-hectare facility, located inside the Shanghai Chemical Industry Park.
Secondly, INEOS has agreed to establish a
new 50:50 joint venture with SINOPEC with the intent to build production
capacity of up to 1.2 million tonnes of ABS, to meet rapidly growing demand
in China. The 600ktpa ABS plant in Ningbo, which is currently under
construction by INEOS Styrolution
and is planned to be operational by the end of 2023, will become part of the
joint venture. INEOS and SINOPEC also plan to work together on two
additional 300ktpa ABS plants, which will also be built by the joint venture
based on INEOS’ world-leading Terluran® ABS technology. One of these 300kt
plants will be located in Tianjin, the location of the third unit is yet to
The third agreement will see INEOS and
SINOPEC also establish a 50:50 joint venture to build a new 500ktpa HDPE
plant in Tianjin. In addition to the Tianjin plant INEOS and SINOPEC shall
build at least two additional 500ktpa HDPE plants in the future to produce
INEOS pipe grade under license. The Tianjin plant is expected to be onstream
by the end of 2023.
INEOS already has joint ventures in
operation with SINOPEC following the acquisition of the Acetyls and
Aromatics business from BP in January 2021, and both companies know each
other well through two decades of commercial interfaces at various levels.
They see a natural fit to working more closely in the future. Through this
close relationship SINOPEC gains access to some of the best downstream
technology in the world from INEOS and INEOS achieves a substantial presence
in China, the fastest growing market in the world.
Jim Ratcliffe, Chairman and CEO INEOS
said “These agreements significantly reshape INEOS’
petrochemical production and technology in China. We are pleased to make
these major investments with SINOPEC in areas that provide the best growth
opportunities for both companies. Both parties
recognise the potential for closer collaboration across a number of other
areas as we look ahead.”
China is a key growth region for INEOS
and the agreements significantly extend its petrochemicals business with a
focus on products where it has some of the leading proprietary
The transactions are all subject to
regulatory approvals and other conditions. Each transaction is currently
anticipated to complete before the end of the year and will be financed
through a combination of internal cash resources and external financing.
INEOS and SINOPEC sign
Joint Venture agreement for a brand new
petrochemicals complex in Tianjin, China
The agreement sees INEOS acquire
a 50% share in the
Tianjin Nangang Ethylene Project, which is currently under
construction by SINOPEC and is expected to be on-stream by the end
The cracker complex will include
a 1.2 mtpa cracker, and 12 other
derivative plants, including a 300ktpa ABS
(Acrylonitrile Butadiene Styrene) plant and a
500ktpa HDPE (High-Density Polyethylene) plant using INEOS
technology as announced in July
Sir Jim Ratcliffe, Chairman and
CEO INEOS said: “This latest joint venture with SINOPEC
significantly expands INEOS’ petrochemical production and business
footprint in China. It is a further example of the close
relationship and growing collaboration between Sinopec and INEOS.”
This is the fourth venture
signed in 2022 with Sinopec. Two are petrochemical complexes and two
are product joint ventures. Each is a similar scale.
INEOS and SINOPEC have today
announced a new Joint Venture agreement that will see INEOS acquire a
50% share in the existing Tianjin Nangang Ethylene Project from SINOPEC.
The project is currently building a 1.2 million tonne
ethane cracker, expected to come on-stream
at the end of 2023, and downstream derivative plants in Tianjin, China.
A full suite of derivative units is
being built at the complex, including the 300ktpa ABS (Acrylonitrile
Butadiene Styrene) plant and the 500ktpa HDPE (High-Density
Polyethylene) plant announced by INEOS and SINOPEC in July.
The 300ktpa ABS plant will be based
on INEOS’ world-leading Terluran® ABS technology. It is the second of
three ABS plants that INEOS has agreed will be built and operated in
China in partnership with SINOPEC, the first being the 600ktpa plant
currently under construction by INEOS in Ningbo. The 500ktpe HDPE plant,
which is also expected to be onstream by the end of 2023, is the first
of three planned units to produce INEOS pipe grade with SINOPEC under
license in China.
The joint venture agreement was
signed at a virtual meeting between Dr. Ma Yongsheng, Chairman of
SINOPEC and Sir Jim Ratcliffe, Chairman of INEOS. Through this
partnership SINOPEC benefits from INEOS’s technological knowledge and
operational expertise, and INEOS achieves a substantial presence in
China, the fastest growing market in the world.
Sir Jim Ratcliffe, Chairman and CEO
INEOS said: “This latest joint venture with SINOPEC
significantly expands INEOS’ petrochemical production and business
footprint in China. It is a further example of the close relationship
and growing collaboration between Sinopec and INEOS.”
Dr. Ma Yongsheng, said
“SINOPEC and INEOS have enjoyed many years of partnership and this
agreement is further testament to the cooperation between our companies,
which is taken to a new level. The decision is driven by our dual goals
of reducing carbon emissions and managing the energy transition within
our businesses, from refining all the way through petrochemicals.
SINOPEC will give INEOS a significant local presence and INEOS will
contribute its technological and operational expertise, which will
create a win-win for the cooperative development of both companies.”
This is the fourth venture signed in
2022 with Sinopec. Two are petrochemical complexes and two are product
joint ventures. Each is a similar scale.
The three projects previously
announced with SINOPEC are:
INEOS agreed to acquire
a 50% stake in Shanghai SECCO Petrochemical
Company Limited (“SECCO”), a subsidiary of China Petroleum &
Chemical Corporation (SINOPEC). SECCO currently has a production
capacity of 4.2 million tonnes of petrochemicals - including
ethylene, propylene, polyethylene, polypropylene, styrene,
polystyrene, acrylonitrile, butadiene, benzene and toluene. It is a
200-hectare facility, located inside the Shanghai Chemical Industry
INEOS also agreed to establish a
new 50:50 joint venture with SINOPEC
with the intent to build production capacity of up to
1.2 million tonnes of ABS, to meet rapidly growing demand in
China. The 600ktpa ABS plant in Ningbo,
which is currently under construction by INEOS Styrolution and is
planned to be operational by the end of 2023, will become part of
the joint venture. INEOS and SINOPEC plan to work together on
two additional 300ktpa ABS plants,
which will also be built by the joint venture based on INEOS’
world-leading Terluran® ABS technology. It is one of these 300ktpa
plants that will be located in Tianjin. The location of the third
unit is yet to be decided.
The third agreement will see
INEOS and SINOPEC build the new 500ktpa HDPE plant as part of the
Tianjin Nangang Ethylene Project. In addition to the Tianjin plant
INEOS and SINOPEC will build at least two additional 500ktpa HDPE
plants in the future to produce INEOS pipe grade under license.
China is a key growth region for
INEOS and the agreements significantly extend its petrochemicals
business with a focus on products where it has some of the leading
The transactions are all subject to
regulatory approvals and other conditions and will be financed through a
combination of internal cash resources and external financing.
Ineos and Sinopec complete formation of
INEOC has today completed the formation of a
50/50 joint venture (JV) with Sinopec for the Tianjin
Nangang Ethylene Project, announced in December 2022, which is
currently under construction by SINOPEC and expected to be on-stream by
complex includes a 1.2 million ton/yr cracker, a new
500,000-ton/yr High-Density Polyethylene plant to produce INEOS pipe
grade under license and 11 other derivative units.
The completion of the agreement marks the
continued progression of the significant petrochemical deals announced by
the parties in July and December last year, and highlights the close
relationship and growing collaboration between SINOPEC and INEOS.