JUST months after buying out Arkema’s 50% stake in Oxochimie, INEOS Oxide wants to grow the business.
It is now considering producing a new range of oxo derivatives, including 2-ethyl hexanoic acid and polyalcohols, to complement its existing products.
Oxo alcohols are mainly used to produce acrylic esters, diesel additives and paints and make lubricants.
The site of the new production plant is likely to be on a core INEOS site in either Zwijndrecht, Belgium, Dormagen, Germany or Lavéra in France.
“This is a significant growth project for INEOS,” said CEO Graham Beesley.
Oxochimie had been a 50:50 joint venture between INEOS Oxide and the French chemicals group Arkema. INEOS fully acquired it in March this year.