Who we are - Acetyls in the Americas

Who We Are

INEOS Acetyls in the Americas, has its headquarters in Naperville, Illinois, USA. It is a leading market supplier of acetic acid and acetic anhydride to North and South America. These products are used largely in everyday consumer goods and as chemical intermediates to produce derivative products

Previously a part of bp’s Downstream business, INEOS acquired the business in 2020. We are now at the heart of its petrochemicals business which comprises 36 businesses producing chemicals and speciality chemicals across 198 global sites and markets products in more than 26 countries.

Our history

Our story begins with Monsanto, the original owner and developer of a leading acetic acid technology. Later a group of employees and other investors formed Sterling Chemicals to purchase the asset while bp purchased the technology, now acquired by INEOS.

A deal was put together with Sterling Chemicals that gave bp the exclusive rights to 100% of the acetic acid produced from the Texas City unit. In 2011, Sterling Chemicals was purchased by Eastman Chemical Company, who currently operates the Texas City facility. The unique commercial relationship continues to build upon INEOS Acetyls’ strengths in technology, sales and marketing, which also includes a portfolio of valued customers.

INEOS continues to expand to provide strategic and efficient supply of acetic acid to customers. A new supply agreement with Eastman signed in 2018 enables INEOS to supply customers from Eastman’s Kingsport, Tennessee production facilities. Having two acetic acid supply sources improves security of supply, reducing transit time and costs.

Methanol

INEOS has an ownership share in Atlas Methanol Company. This joint venture owns one of the world’s largest single-train methanol plants, producing up to 1,822Kmt per year. Brought on stream in 2004 and strategically located in Trinidad and Tobago, this efficient and modern plant can competitively supply global methanol markets.