1 January 1999
Dr Gerd Franken to become CEO of INEOS ABS
Following the agreement announced earlier today, to set up a joint venture with LANXESS to take over the operation of the Lustran Polymers business, INEOS have appointed Dr Gerd Franken as CEO designate to the new company.
Gerd is currently the Business Director for INEOS Polyolefins and Geschaeftsfuehrer (Managing Director) for the INEOS site at Köln. He is expected to become CEO of the newly created INEOS ABS business following the successful completion of the Joint venture, which is expected to close at the end of September. The deal is conditional on approval from the competition authorities.
With over 27 years in the petrochemical business, spent in the UK, France, Switzerland and Germany, Gerd has extensive commercial experience. A trained process engineer he obtained his PhD at the Technical University of Aachen, Germany. He joined BP in 1980 and held a number of senior leadership positions before joining INEOS as part of its acquisition of the Innovene business in 2005.
Commenting on the appointment Bill Reid CEO of INEOS Polyolefins said: “Gerd will provide the leadership that is needed to establish INEOS ABS as an important addition to the group. He has both the experience and capability to further enhance the performance of the new company, ahead of its full acquisition in 2009.”
Dr Gerd Franken’s replacement as Business Director for INEOS Polyolefins will be covered in a separate announcement.
Ends
For further information contact:
Richard Longden: +44 (0) 1928 513064
26 February 2007
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.”
ENDS
For further information contact:
Charles Saunders
Legal & External Affairs
INEOS
2600 South Shore Boulevard
League City, Texas
Direct: (281) 535-6630
Cell: (832) 444-9638
Fax: (281) 535-6765
Email: charles.saunders@ineos.com
Website: www.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.
1 December 2005
Recent Point CarBon News Stories 29.11.05
29.11.05 Natsource subsidiary to buy 1 million CERs from INEOS Fluor
A subsidiary of US carbon credit aggregator Natsource is to buy 1 million certified emission reductions from UK chemical company INEOS Fluor who have been destroying HFC23 at a project in South Korea since January 2003.
Carbon Compliance Acquisition Corporation 5, a wholly-owned subsidiary of Natsource Europe will buy the CERs, which are expected to become availiable within a few weeks, following approval of the first verification report by the Executive Board.
In order for Natsource to take delivery of these CERs, ahead of the International Transaction Log being in put place (which is not expected until 2007) the company has been made a participant in the HFC23 reduction projects at Ulsan Chemical.
"UK DNA approval has been given and the UNFCCC have confirmed that all the necessary documentation has been submitted," INEOS Fluor and Natsource said in a joint press release. The companies added: "The first verification of HFC23 destroyed ending March 2005 has been completed."
The second verification to cover HFC23 destruction to the end of October should be completed later this month, which will unlock the CERs of 2004 and 2005 vintage.
23 August 2005
Ineos Flour Mexico opens for Business
22 August 2005
INEOS Fluor Mexico opens for business
INEOS Fluor, the world’s leading producer of Refrigerant 134a has opened a new regional office in Monterrey, to meet the needs of its growing refrigerants business in South America. The company, which has supplied refrigerant to the automotive air conditioning sector through Quimobasicos, will serve customers in South America directly, as it expands its business interests in the region.
“Our business in South America continues to increase, as the market for alternative refrigerants in Mexico and Latin America grows". commented Ivan Marquez, Regional Manager INEOS Fluor Mexico. "This market has always been strategically important to INEOS and the time is now right for us to have a direct presence in the region. Our new office will provide direct support to our customers and will ensure that as their business grows, the high level of service that is our hallmark is sustained.”
INEOS Fluor will provide the regions refrigerant needs from its world-class manufacturing facility in St. Gabriel, LA, which has successfully increased its capacity to meet recent high demand for R-134a. The company, which has refrigerant manufacture at its core, also has an R-134a plant at Mihara, Japan and has invested in expanding its R-125 capacity at Runcorn in the UK.
Over time it is expected that this office will become the regional headquarters for INEOS Fluor in Latin America as activities in, Mexico, Argentina, Uraguay, Chile, Peru, El Salvador, Haiti, and the Dominican Republic continue to develop.
ENDS.
Note to editors:
INEOS Fluor México, S. de R.L. de C.V
Batallon de San Patricio #109 sur floor 18.
Col. Valle Ote, San Pedro Garza Garcia,
Nuevo Leon,
Mexico
Zip code 66260.
Phone 52(81) 5000-9245
INEOS Fluor was the first company in the world to make available commercial, non-flammable, energy efficient replacements for CFCs. Previously owned by ICI, the company was acquired by INEOS in January 2001. With manufacturing facilities across three main sites – St. Gabriel, La. (US), Runcorn (UK) and Mihara (Japan), the company manufactures and supplies refrigerants, used in supermarkets and air conditioning; medical propellants used in asthma sprays; anesthetics and products that are used in non-stick cookware to waterproof breathable fabrics. Around 1/3 of the worlds automotive air-conditioning systems use KLEA ®134a (R-134a)
INEOS Fluor Americas LLC, based in St. Gabriel La., manufactures HFC-134a refrigerant, which has enabled companies around the world to replace CFCs and HCFCs. HFCs are designed for use mainly in sealed systems such as refrigerators. They are the most rigorously tested chemicals ever; they are easy to handle and highly energy efficient. The availability of HFCs worldwide has already made a real and significant contribution to the reduction in greenhouse gas emissions, not least by replacing CFCs.
HFCs are widely used in refrigeration and air-conditioning applications and underpin cost-effective, energy efficient technology for commercial refrigeration and air-conditioning systems. Their use spans automotive and office air-conditioning, domestic and supermarket refrigeration, transport and chiller systems.
Photograph available upon request.
Photo Caption: Ivan Marquez, Regional Manager heads the new INEOS Fluor Mexico office.
25 February 2003
INEOS to Host Power Plant at Antwerp
INEOS to Host Power Plant at Antwerp, Chemical Week, February 12, 2003, page 13.
1 October 2002
'INEOS to expand damaged Phenol Plant'
Peck Hwee Sim: 'INEOS to expand damaged Phenol Plant, Chemical Week, September 25, 2002
1 October 2002
'Having it all in Antwerp'
Claudia Hume: 'Having it all in Antwerp' Chemical Week, September 25, 2002
5 August 2002
EniChem Sell EVC Shares
Eijsden, 5 August 2002:
EVC International NV (EVC) has been informed that INEOS Capital Ltd (INEOS) has agreed with EniChem SpA (EniChem) to purchase EniChem's holding of 2,313,940 EVC Ordinary shares. As a consequence, the INEOS group holding in EVC shares will increase from 69.06% to 75.35%.
The transaction was anticipated during the INEOS equity injection into EVC in March 2001. As part of the equity injection, EVC and INEOS entered into a 'Relationship Agreement' which governs the relationship between the two parties. A key provision of the Agreement allowed INEOS the possibility to increase its holding in EVC shares through the purchase of the EniChem holidng without triggering a general offer to purchase the shares held by minority shareholders:
For further information:
John Hudson
Investor Relations
Tel: +44-2380-287043
Fax: +44-2380-287046
14 May 2002
ECN 6-12 May 2002 p.7
INEOS rebranding paves way for IPO
9 April 2002
ECN, 8-14 april 2002, p26
INEOS Fluor ups Xentia output.
5 April 2002
E.C.N. 1-7 april 2002, p.9
INEOS Chlor: INEOS wins funding for update.
30 March 2002
ECN, 25-31 March 2002, p.39
INEOS Chlor counters FoE claim.
30 March 2002
ECN, 25-31 March 2002, p.6
EVC to slash 600 jobs reflecting tough PVC market.
24 April 2002
ACN volume 8 number 347, 4 March 2002
INEOS eyes China MMA-PMMA,
27 January 2002
European Chemical news 21-27 January 2002
INEOS Chlor cuts back at UK site.
23 January 2002
Chemical Weeks, 23 January 2002
Natasha Alperowiicz : INEOS Mulls Cracker in Germany, Eyes Hikes in VCM and PVC Capacity.
13 January 2002
ECN 7-13 January 2002 p. 8
BP sells business to INEOS