INEOS AT A GLANCE
Our Profile Introduction
INEOS is a young company. It has grown to become a leading chemical company with sales today of around $40 billion.
Most of our employees have spent all their working lives in the chemical or oil industry. They arrived at INEOS from companies such as BASF, Bayer, Borealis, BP, Degussa, Dow, Enichem, Hoechst, ICI, Norsk Hydro and Solvay. We continue unashamedly to extract best practices from this very impressive group of people in all spheres of activity.
We believe INEOS is a refreshing place to work and we are prepared to embrace new approaches to business. Safety is our first priority. We are highly focused on growth and EBITDA, and see the “customer as king”.
We look forward to working with you.
Jim Ratcliffe, Chairman
INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 15 businesses each with a major chemical company heritage. Its network spans 80 sites in 16 countries throughout the world.
INEOS is characterised by the following strengths:
- High-quality and low-cost production facilities
- Well-invested plants
- Large plants that benefit from economies of scale
- Favourable locations
- Experienced management
- Leading market positions
- Operating diversity - products, customers, geographic regions, applications and end-use markets.
Leading market positions allow INEOS to be the supplier of choice for many of the largest customers in our markets. This has translated into strong and long-term relationships with these customers.
The company continues to grow its profitability and cash flows through:
- Leveraging existing resources to expand sales
- Achievement of cost savings
- Extracting the full benefits of a vertically integrated business.
The management philosophy at INEOS is to operate a simple and decentralised organisational structure, coupled with programmes intended to incentivise our employees.
Key StrengthsLeading market positions
One of the world's largest chemical groups, leadership positions in key segments, 2014 sales of $54 billion18 Businesses serving diverse range of end-use markets
Major position in Chemical Intermediates and commodity activitiesVertically integrated, large-scale producer
Providing certainty of supply, economies of scale, and competitive positionsLow-cost, well invested production facilities
80 sites worldwideGlobally competitive feedstocks
Good access to global raw materials marketsLeading technology platform
Leading technologies underpin INEOS manufacturing assets and create strategic opportunitiesProven record of management
Highly experienced with a proven record of value creation through the cycle and cash preservation at the BOC
INEOS has a diversified product portfolio with a wide range of end market applications. Our chemical intermediates businesses, with leading global positions and differing industry cycles provide earnings strength world wide.
INEOS operates 80 manufacturing facilities in 16 countries supplying markets around the world. A broad geographic earnings base provides our business with security and opportunity.
Product Overview INEOS Products
INEOS products make a significant contribution to saving life, improving health and enhancing standards of living for people around the world. Our businesses produce the raw materials that are essential in the manufacture of a wide variety of goods: from paints to plastics, textiles to technology, medicines to mobile phones - chemicals manufactured by INEOS enhance almost every aspect of modern life.
- Solvents used in the production of insulin and antibiotics.
- Efficient and effective biofuels to improve the sustainability of modern transport.
- Chlorine to purify drinking water.
- Synthetic oils that help to reduce greenhouse gas emissions from road transportation.
- Modern plastics to package, protect and preserve food & drink.
- Materials to insulate houses, offices, electrical and telecommunications cables.
- Products transformed into automotive parts, used in medical applications, mobile phones, and construction.
A full, searchable list of INEOS products is available through our products finder.
Products by BusinessINEOS ABS
ABS Polymers, SAN PolymersINEOS Bio
Advanced bio energy technologyINEOS Enterprises
Brine & Water, Biodiesel, Ethanol, Esters, Sulphur Chemicals, Ammonia / Nitric Acid, Salt, VAM, PVC Compounds, Melamine formaldehyde resins, Formaldehyde, Paraformaldehyde, Hexamethylene tetramine (HMT), Cyanates, Expandable PolystyreneINEOS Nitriles
Acrylonitrile, Acetonitrile, Oxazole, Hydrogen Cyanide, Acetone Cyanohydrin, Ammonium SulphateINEOS O&P Europe
Ethylene, Propylene, Butadiene and other C4s, Benzene, Polyethylene (LD/LLDPE, HDPE), Polypropylene and other aromaticsINEOS O&P USA
Olefins, high Density Polyethylene, PolypropyleneINEOS Oligomers
Linear Alpha Olefins (LAO), Polyalpha Olefin (PAO), Polybutene, Specialty OligomersINEOS Oxide
Ethylene Oxide, EO Derivatives, Ethylidene Norbornene, Glycol, Acetate Esters, Propylene Glycol, Propylene Oxide, Oxo-AlcoholsINEOS Phenol
Phenol, Acetone, AlphamethylstyreneINEOS Technologies
Licenses world class petrochemical technology for:
Polyethylene, Polystyrene, Vinyls, Polyproylene, Acrylonitrile, Chlor-Alkali
Jim has been Chairman of INEOS since 1998. He has 38 years experience in the chemicals industry. In 1992 he led the successful buyout of Inspec Group plc, which he left in 1998 to lead the acquisition of INEOS plc (currently INEOS Oxide) from Inspec. Jim began his career with Exxon Chemicals where he completed his MBA at London Business School before moving to Courtaulds. From Courtaulds he joined Advent International and then Inspec.
Andy has been a Director of INEOS since 1999. He was previously Managing Director at Laporte Performance Chemicals, having served as a director of the Inspec Group from 1994 until the Laporte acquisition of Inspec in 1998. Andy has a degree in natural sciences from Cambridge University and spent the first 15 years of his career with BP Chemicals in various technical and business management functions.
John joined INEOS as Finance Director in January 2000. He was previously a partner with PricewaterhouseCoopers where he advised companies in the chemicals industry. John has a degree in economics from Cambridge and is an FCA.
INEOS takes its responsibility for Safety, Health & Environmental very seriously and is fully committed to delivering a continually improving performance across all its operations.
We continually strive to meet and where practicable exceed strict safety, health and environmental performance targets and we are committed to continuous improvement in all aspects of our operations. Excellence in safety, health and environmental performance is our top priority and we are open and honest about such performance, which we publish locally and nationally, as required.
INEOS operates to strict regulations that are set by the national environment agencies, of the countries in which we operate. We are committed to ensuring that our facilities have as low an impact as possible on local people and the environment and we continue to work in close partnership with community groups and other stakeholders to ensure that we are a responsible neighbour.
Our SHE Policy
Our commitment is to protect the health and safety of our employees, the communities in which we operate and the users of our products. We aim to meet or where practicable exceed all relevant legislative requirements and minimise the effect of our operations on the environment.
Our goal is zero injuries, to be achieved through a positive safety culture in which we believe all accidents are preventable.
- About the safety, security and health of our workforce, customers,
suppliers and our neighbours,
- About the environment, today and tomorrow,
- About compliance with the law,
- About developing a workforce of SHE champions
We hold ourselves and one another accountable for SHE performance.
- About the safety, security and health of our workforce, customers,
INEOS is committed to fulfilling its REACH obligations under its commitments to responsible care, free trade and in limiting risks of exposure to chemicals for health and the environment. Its businesses have successfully registered those substances which it manufactures or imports required by the first and second deadlines of 30th November 2010 and 31st May 2013 respectively. It continues to work to meet the 2018 deadline requirements and, where relevant, work on activities pertaining to dossier and substance evaluation and authorisation. If you have specific questions regarding REACH for the substance you purchase from INEOS, please contact the specific INEOS business.
Performance and Reporting
To achieve our objective of “zero injuries”, INEOS requires all employees and contractors who work under our control to adhere and contribute to the ongoing development of our strict safety, health and environmental standards and procedures.
By making safety, health and the environment an integral part of our business we encourage a culture of continuous improvement across all activities in all locations.
INEOS Group OSHA Recordable injury Rate (employees and contractors) – see below:
Culture of Safety
Active employee and contractor involvement is critical to achieving our safety, health, and environmental objectives. Employees and contractors throughout the Company participate in safety teams, contribute to investigations and incident learning, and suggest ongoing improvements in safety standards and procedures.
Our commitment to safety starts at the top as a core value of our company. It is driven through the Executive Boards of each of INEOS’ 12 businesses, which are accountable for performance, to all plant operating teams, wherever they are in the world. We support a positive and open environment across our businesses, supported by effective communication between management, employees and contractors and an ongoing programme of investment in safety.
Our management teams and employees know that the sustainable long-term future of our businesses rests on our track record on safety, health and the environment. We view safety, health and the environment as the top priority of all INEOS companies.