INEOS and Sasol Celebrate Ground breaking Ceremony for High-density Polyethylene Joint Venture
INEOS Olefins & Polymers USA (INEOS) and Sasol broke ground today on their much anticipated high-density polyethylene (HDPE) manufacturing joint venture at the INEOS Battleground Manufacturing Complex in La Porte, Texas.
“This important step, among many, is a celebration of the efforts of INEOS and Sasol, and their respective teams, to realize the vision of a world-scale asset, facilitated by leading bimodal technology, for integration into both partners’ upstream and downstream business platforms. This project represents not only a commitment to the bimodal HDPE market, but also a significant investment in the community in which the facility will operate,” said Dennis Seith, CEO of INEOS Olefins & Polymers USA.
“We are delighted to be moving ahead on this important project which supports our North American growth strategy,” said Fleetwood Grobler, executive vice president of Sasol’s global chemicals business. “This state-of-the-art facility will be ideally located close to our existing and future ethane cracker and derivatives complex in Southwest Louisiana.”
The facility will produce 470 kilotons per annum of bimodal HDPE using Innovene™ S process technology licensed from INEOS Technologies. The intention is to produce alimited number of grades allowing high grade efficiencies.
INEOS will operate the 50/50 Joint Venture. Start-up of the plant is expected in 2016.
ENDS
For further information please contact:
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Charles Saunders, |
Russell Johnson, |
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About INEOS:
INEOS Olefins & Polymers USA is the third largest manufacturer of high-density polyethylene and polypropylene, and the second largest merchant marketer of ethylene, in North America, producing 7.5 billion pounds of olefins and polymers per year from five manufacturing sites. INEOS Olefins & Polymers USA is one of 15 businesses forming theINEOS Group, a global manufacturer of petrochemicals, specialty chemicals, and oil products, with a production network spanning 65 manufacturing facilities in 16 countries employing 17,000 people and producing more than 40 million tonnes of petrochemicals, withsales of around $54 billion.
About Sasol:
Committed to excellence in all it does, Sasol is an international integrated energy and chemicals company that leverages the talent and expertise of its more than 34,000 people working in 38 countries. Sasol develops and commercializes technologies, and builds and operates world-scale facilities, to produce a range of product streams, including liquid fuels, chemicals and electricity. While continuing to support its home base of SouthAfrica, Sasol is expanding internationally based on a unique value proposition that links its diverse businesses into an integrated value chain supported by top-class functions.