INEOS has today announced it is planning to invest $1 billion in UK Shale gas exploration and appraisal.
If INEOS wins all the Shale gas licenses it has applied for, INEOS will be the biggest player in the UK Shale gas industry.
In late September, INEOS announced plans to give 6% of its shale gas revenues to the local community, with 4% going to home & land owners situated above the wells and 2% going to the wider community.
Following clearance by the competition authorities, INEOS has successfully completed the purchase of BASF’s 50% share in Styrolution, a joint venture between the companies.
In a huge boost to the European chemicals industry, INEOS Olefins & Polymers Europe has today confirmed that it has reached an agreement with Evergas to order an additional two state-of-the-art ethane vessels.
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. The plant is expected to close in the first quarter of 2015
INEOS Upstream Limited has today signed an agreement with Reach Coal Seam Gas Limited (Reach CSG) to acquire an 80% interest in Petroleum Exploration and Development Licence (PEDL) 162, in the Midland Valley of Scotland.
INEOS Industries Holdings Ltd has agreed to acquire the Combined Heat and Power Plant (CHP) from Fortum, that serves the Grangemouth site, for £54 million. Grangemouth CHP, currently owned and operated by Fortum, is a natural gas-fired combined heat and power (CHP) plant located at the Grangemouth petrochemical site and refinery in Scotland.
INEOS Technologies announced today that it has entered into license agreements for its Innovene S and Innovene G polyethylene technologies to be used by the proposed ASCENT (Appalachian Shale Cracker Enterprise) petrochemical complex currently being evaluated by Odebrecht and Braskem in West Virginia, United States.
INEOS, one of the world’s largest chemicals company, has today announced plans to give 6% of its Shale gas revenues to homeowners, landowners & communities who live above its Shale gas operations
INEOS Compounds and Doeflex Compounding have today implemented the combination of their respective PVC compounding businesses.
INEOS has today announced it is making its first move into the shale exploration arena, with the purchase of a 51% share of the shale section of a joint Petroleum Exploration and Development Licence (PEDL) in the UK.
INEOS Compounds and Doeflex Compounding Limited have today received unconditional clearance from the European Commission to combine their PVC compounding businesses.
INEOS Group Holdings S.A. (‘IGH’ or ‘INEOS’) announces its trading performance for the second quarter of 2014.
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.
INEOS will acquire BASF’s 50% share in Styrolution, a joint venture between the companies.