These are very positive developments for Grangemouth. The Building of the ethane import facility is a crucial part of our plan to import shale gas from the USA. The retirement of older, loss-making plants represents another major step forward.
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.
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.
Strategically, and economically, no large economy should abandon its chemical industry. Open Letter to Mr José Manuel Barroso, President European Commission
Further to the earlier decision of the European Commission to continue its evaluation of the proposed 50/50 Joint Venture between Solvay and INEOS in a Phase II investigation...
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 .
We are pleased to be able to announce that we have successfully expanded our ENB plant to support our customer’s needs.
INEOS Europe AG has today announced a new ethane purchase agreement with CONSOL Energy in the USA. Ethane will be transported through the Mariner East infrastructure and imported by sea for use in INEOS’ European cracker complexes. Supplies will start from 2015.
INEOS Technologies is proud to have been selected by Vung Ro Petroleum as its technology partner for the development of its polypropylene business. Vung Ro’s refinery project will contribute to the continuing growth of the economy of Vietnam and neighbouring countries.
INEOS Enterprises has today announced that it has agreed to purchase Sasol Solvents Germany GmbH, one of Europe’s leading solvent manufacturers. The acquisition which is conditional on approval by the relevant competition authorities comprises production facilities in Germany, based at Herne and Moers, employing around 520 people.
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
Solvay and INEOS take note of the European Commission’s decision to continue its evaluation of their proposed 50/ 50 Joint Venture in European chlorvinyls activities. This follows the original notification of the planned transaction to the Commission in September 2013.
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 Unipetrol RPA.
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.
Further to the signing of a letter of intent to form a 50/50 Joint Venture, INEOS and Solvay have today submitted their application for competition clearance to the European Commission.