INEOS moves towards OXO derivatives production
- New INEOS Oxide units would produce a variety of oxo chemical derivatives including 2-ethyl hexanoic acid and polyalcohols.
- The site of the expansion has not yet been identified but is likely to be on a core INEOS site in Belgium, Germany or France.
- “This is a significant growth project for INEOS”, said Graham Beesley, CEO of INEOS Oxide. “This new range of oxo derivatives complements our existing product offering and builds on our recent acquisition of Oxochimie.”
Following the recent acquisition of Arkema’s 50% share of Oxochimie, INEOS Oxide has completed a strategic review of the business and is now moving forward with an engineering study into the production of an array of oxo chemical derivatives, including 2-ethyl hexanoic acid and polyalcohols, such as trimethylolpropane (TMP) and neopentyl glycol (NPG).
A final decision on the location for the investment has not yet been made but includes INEOS sites in Zwijndrecht (Belgium), Dormagen (Germany) or co-location with the existing oxo alcohol plant in Lavéra (France).
Graham Beesley, CEO INEOS Oxide, commented that “INEOS Oxide is pleased with the speed at which Oxochimie has been fully integrated and we are now looking for the logical next step to grow the business. The range of products that we are moving into will complement our existing product offerings serving the coatings and lubricants markets.”
Richard Longden (INEOS) 0041 21 627 7063 or 0041 7996 26123
Andrew McLachlan (Media Zoo) 020 7384 6980 or 07931 377162
Joseph Wade (Media Zoo) 020 7384 6980 or 07758 074576
Sareen Gosal (Media Zoo) 020 7384 6980 or 07522 490587
Oxochimie was the Joint Venture between INEOS and Arkema at Lavéra which was fully acquired by INEOS in March 2017. The business produces butanols, 2-ethyl hexanol and oxo aldehydes