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INEOS Nitriles announces acrylonitrile capacity expansion

INEOS Nitriles today announced plans for a major capacity expansion at its acrylonitrile complex in Green Lake, Texas. This project includes the installation of a fourth reactor train and additional investment in associated equipment at Green Lake. Upon completion and startup in the third quarter of 2008, Green Lake will become the largest acrylonitrile production facility in the world with 544 kt of total capacity or 1.2 billion pounds.

This investment is a clear demonstration of our commitment to support our customers’ growth plans,” noted Rob Nevin, CEO of INEOS Nitriles. “It increases the efficiency of capital spend and fixed costs and also leverages our industry scale. We continue to look at cost effective ways of increasing our scale on US and European plants and have further plans to grow the business in line with our customers’ requirements.”

For further information contact:

Charles Saunders
Legal & External Affairs
INEOS
2600 South Shore Boulevard
League City, Texas

Phone: (281) 535-6630
Mob: (832) 444-9638
Fax: (281) 535-6765
Email: charles.saunders@ineos.com

Note to editors:

INEOS Nitriles, a key strategic business for the INEOS Group, was acquired in December 2005. INEOS Nitriles is the leading producer and marketer of acrylonitrile worldwide with plants in Lima, OH, Green Lake, TX and Cologne, Germany.

INEOS is the world’s third largest chemicals company and a leading manufacturer of petrochemicals, specialty chemicals and oil products. INEOS is comprised of 18 businesses with 68 manufacturing facilities spanning 17 countries. With 15,600 employees, INEOS annually produces more than 30 million tonnes of petrochemicals and 20 million tons of crude oil refined products (fuels) with sales of around $33bn.