INEOS Nitriles to invest in new world scale Acetonitrile plant at its Köln facility to meet European demand
INEOS Nitriles has today announced their intention to invest in a world scale Acetonitrile production facility at their key operating site in Köln, Germany.
Acetonitrile is a critical chemical in the production of existing pharmaceuticals as well as the development of new drugs such as those used to fight COVID-19. Acetonitrile is also a key component in the important agrochemicals and bioscience sectors.
The substantial investment in the new 15 ktpa facility in Europe aims to enhance our supply position to our European customer base and support the growth of some of Europe’s most strategically important industry sectors which provide healthcare and nutrition to not only the population of Europe but globally. The new unit will be built with INEOS’ latest process technology and aims to substantially improve the sustainability of our supply to our customers and reduce our environmental impact.
“INEOS Nitriles is today the largest producer of Acetonitrile in the world and we will continue to invest in this important specialty product to support the growth of our customers in various applications”, said Hans Casier, CEO INEOS Nitriles. “I’m especially pleased as this investment will bring back production capacity to Europe for this key product and it demonstrates our commitment to underpin and reinforce our Nitriles production platform on the Köln site.”
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About INEOS: INEOS is a global manufacturing company making the raw materials and energy used for everyday life. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. For example, preservation of food and clean water; construction of wind turbines, solar panels and other renewable technologies; for construction of lighter and more fuel-efficient vehicles and aircraft; for medical devices and applications; for clothing and apparel; and for insulation and other industrial and home applications.
INEOS businesses have put in place the plans and actions needed to ensure that they lead the transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation. As part of its greenhouse gas emission reduction strategy, there is widespread goal to move to a more circular economy, in which materials are re-used to their maximum extent.