Final phase of EU clearance process - Commission puts Solvay and INEOS remedy package up for market testing

Following further discussion, the European Commission has decided to market test an alternative remedy package consisting of the LVM heritage assets (Beek in The Netherlands, Mazingarbe in France and Tessenderlo in Belgium) as well as the PVC and VCM plants at Wilhelmshaven (Germany) and potentially the EDC and chlorine membrane plants at Runcorn (UK) which are operated by INEOS. This remedy package will be tested in lieu of the remedy package initially submitted on February 27th.

INEOS and Sinopec YPC sign joint venture agreement

INEOS and Sinopec YPC have today signed the Joint Venture Agreement and Articles of Association forming a 50% / 50% Joint Venture Company to be based in Nanjing China. The Joint Venture, which is to be called INEOS YPC Phenol (Nanjing) Company Ltd is set to build the largest Phenol Acetone plant in China, due to complete at the end of 2016. This is INEOS’ largest investment in China and YPC’s eighth joint venture .

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 at the INEOS Oxide facility located close to Antwerp harbour, Belgium. The new deep-sea terminal, which is at the heart of the second largest Petrochemical region in the world, is now fully operational