INEOS Group Holdings S.A. (‘IGH’ or ‘INEOS’) announces its trading performance for the second quarter of 2015. Based on unaudited management information INEOS reports that EBITDA for the second quarter of 2015 was €610 million, compared to €447 million for Q2, 2014 and €503 million for Q1, 2015.
INEOS has today announced that it is moving into a new UK Office in London, SW1 which will eventually house over 100 people. The building will provide a home for a number of INEOS UK legal entities and functions as well as its trading floor and its growing Upstream business (already the UK’s third largest owner of Shale gas reserves).
The launch of the JS INEOS Insight and the JS INEOS Ingenuity is just the latest landmark in INEOS visionary $1 billion global project to transport US shale gas to Europe.
INEOS today held a naming ceremony at Qidong near Shanghai in China to name the world’s first two state of the art bulk ethane carriers built to carry ethane gas from the USA to Europe.
In a remarkable feat of engineering, Grangemouth today saw the 330 tonne roof on Europe’s biggest ethane tank floated up almost 150 feet on nothing more than a cushion of air. The investment into the ethane project represents part of a £450 million rescue plan for Grangemouth. The tank is designed to hold over 60,000 cubic metres of ethane brought from the United States to replace declining North Sea supply.
The INEOS Dragon Ships are part of a grand scheme, global in scale, breath-taking in vision. INEOS is investing more than $1bn to ship 800,000 tons a year of US Gas to Europe.
Solvay and INEOS announce the start-up of their Joint Venture INOVYN, a world-class competitive player in chlorovinyls, following European Commission approval.
Solvay and INEOS received final approval today from the European form their 50/50 Chlorvinyls Joint Venture, to be known as INOVYN.
INEOS ChlorVinyls has today completed the sale of its 35.7% interest in Suzhou Huasu Plastics, China, to Westlake Chemical Corporation.
INEOS has today announced it has completed the deal with IGas, announced on the 10th March, making it the UKs third largest shale gas company.
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 SOCAR Polymer for their HDPE project in the Chemical Industrial Park located in Sumgait, Azerbaijan.
INEOS Group Holdings S.A. (‘IGH’ or ‘INEOS’) announces its trading performance for the first quarter of 2015.
In March a Com Res survey sponsored by Greenpeace asked 2,035 British adults about their views on fracking. INEOS today welcomes the results which clearly show that the UK public is increasingly supportive of Shale gas exploration in the UK.
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.
INEOS has today announced it is acquiring at least a 50% interest in seven of IGas’ shale gas licences in the North West along with the option to acquire a 20% interest in two further IGas shale gas licences in the East Midlands and 100% of IGas’ interest in the shale gas licence around Grangemouth in Scotland.