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INEOS announces pricing of offering of Senior Secured Notes Due 2031

Wed, 06 May 2026 16:40:55 GMT

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, THE UNITED KINGDOM, AUSTRALIA, CANADA, HONG KONG, OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS PRESS RELEASE.

PRESS RELEASE

INEOS Holdings Limited today announced that its direct wholly owned subsidiary, INEOS Finance plc (the “Issuer”), has priced its offering (the “Offering”) of €700 million aggregate principal amount of 7⅞% senior secured notes due 2031 (the “Notes”). The Issuer intends to use the gross proceeds from the Offering to (i) repay in full the outstanding senior secured term loans due 2027 under the credit agreement dated as of April 27, 2012 (as amended and restated) (the “Credit Agreement”) and (ii) repay a portion of the amounts outstanding under the U.S. dollar-denominated senior secured term loans due 2028 under the Credit Agreement (collectively, the “Transactions”).

There can be no assurance that the Transactions will be completed.

Contact

For further information, please contact:

Richard Longden

Mobile: +41 (0) 799 626 123

Cautionary Statement

This press release is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States of America or in any other jurisdiction. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. The Notes will be offered in a private offering exempt from the registration requirements of the Securities Act and will accordingly be offered only to: (i) qualified institutional buyers pursuant to Rule 144A under the Securities Act and (ii) certain persons outside the United States in compliance with Regulation S under the Securities Act.

This communication is not being distributed by, nor has it been approved for the purposes of Section 21 of the Financial Services and Markets Act 2000 (as amended) (the “FSMA”) by, a person authorized under the FSMA. Accordingly, this communication is only being distributed to and is only directed at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, (iii) are outside the United Kingdom (the “UK”), or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). Accordingly, by accepting this communication, the recipient warrants and acknowledges that it is such a Relevant Person. The communication is directed only at Relevant Persons and must not be acted or relied upon by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates will be available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person should not take any action based upon this communication and should not rely on it.

The target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, “MiFID II”). The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of the following: (i) a “retail client” as defined in point (11) of Article 4(1) of MiFID II; (ii) a customer within the meaning of Directive 2016/97/EU (Insurance Distribution Directive), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a “qualified investor” as defined in Regulation (EU) 2017/1129 (as amended, the “EU Prospectus Regulation”). Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the “EU PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the EU PRIIPs Regulation.

The Notes are not intended to be offered, sold, distributed or otherwise made available to and should not be offered, sold, distributed or otherwise made available to any retail investor in the UK. For these purposes, a retail investor means a person who is not a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (“EUWA”). Consequently, no disclosure document required by the FCA Product Disclosure Sourcebook (the “DISC”) for offering, selling or distributing the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering, selling or distributing the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the DISC and the Consumer Composite Investments (Designated Activities) Regulations 2024.

In addition, the Notes are not intended to be offered, sold or otherwise made available, and should not be offered, sold or otherwise made available, in Belgium to any consumer (consument/consommateur) within the meaning of the Belgian economic law code (Wetboek van economisch recht/Code de droit économique), as amended from time to time.

This press release is not intended to constitute an offer or solicitation to purchase or invest in the Notes. The Notes will not be publicly offered, sold or advertised, directly or indirectly, in, into or from Switzerland within the meaning of the Swiss Financial Services Act (“FinSA”) and will not be admitted to any trading venue (exchange or multilateral trading facility) in Switzerland.

This announcement is not a public offering in the Grand Duchy of Luxembourg or an offer of securities to the public in any EEA member state made under the EU Prospectus Regulation and/or the Luxembourg law dated July 16, 2019 relating to prospectuses for securities (Loi Prospectus), as amended.

Forward-Looking Statements

This press release includes “forward-looking statements,” within the meaning of the U.S. securities laws and the laws of certain other jurisdictions, based on our current expectations and projections about future events, including: the cyclical and highly competitive nature of our businesses; raw material costs and supply arrangements; currency fluctuations; our ability to conduct operations in several different countries; risks related to our increased manufacturing footprint in China; wars and other armed conflicts, including the Russian invasion of Ukraine and the conflict in the Middle East; our ability to retain existing customers, obtain new customers and maintain our competitive position; our technological and manufacturing assets and our ability to utilize them to further increase sales and the profitability of our businesses; our sales growth across our principal businesses and our strategy for controlling costs, growing margins, increasing manufacturing capacity and production levels, and making capital expenditures; impacts of climate change, including current or future regulatory requirements to reduce greenhouse gas emissions, the costs to purchase emissions allowances and the physical risks to our facilities of severe weather conditions; current or future health, safety and environmental requirements, including in relation to our products and raw materials, and the related costs of maintaining compliance with, and addressing liabilities under, those requirements; operational hazards, including the risk of accidents or other incidents that result in injury to persons or environmental contamination; outbreaks of pandemics or epidemics; our ability to comply with anti-corruption laws, economic and trade sanctions or other similar regulations; potential business interruptions due to the actions of third parties; our ability to develop new products and technologies successfully, including risks related to the safety and quality or health concerns regarding our products; changes in tax laws or the application or interpretation thereof; risks related to litigation, including product liability and loss resulting from non-payment or non-performance by our customers; our ability to attract and retain members of management and key employees; our relationship with our workforce and service providers; our ability to protect our patents, trademarks and confidential information and the integrity of our IT infrastructure; our ability to adequately protect our computer systems against information theft, data corruption, operational disruption and any other cybersecurity risks; our ability to maintain an effective system of internal controls over financial reporting; our ability to consummate any future acquisitions or developments and to successfully integrate acquired businesses with our historical business and realize anticipated synergies and cost savings, including with respect to businesses acquired; credit and capital markets conditions as well as general economic, social or political conditions, including risks associated with economic recessions and tariffs, and our customers’ access to credit; changes in pension fund investment performance or assumptions relating to pension costs; impact of the market perceptions concerning the instability of the euro; impact of the withdrawal of the UK from the European Union; risks associated with our capital structure and indebtedness; our ability to deleverage through strategic disposals of certain assets and non-core businesses; our relationship with our shareholders, affiliates and joint ventures; our significant debt service obligations, as well as our ability to generate sufficient cash flow to service our debt; and risks associated with our capital structure and our other indebtedness. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein.

All statements other than statements of historical facts included in this press release, including, without limitation, statements regarding our future financial position, risks and uncertainties related to our business, strategy, capital expenditures, projected costs and our plans and objectives for future operations, may be deemed to be forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties. Words such as “believe,” “expect,” “anticipate,” “may,” “assume,” “plan,” “intend,” “will,” “should,” “estimate,” “risk” and similar expressions or the negatives of these expressions are intended to identify forward-looking statements. In addition, from time to time we or our representatives, acting in respect of information provided by us, have made or may make forward-looking statements orally or in writing and these forward-looking statements may be included in but are not limited to press releases (including on our website), reports to our security holders and other communications.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results.

INEOS and Shell agree to progress new oil and gas opportunities in the Gulf of America.

Tue, 05 May 2026 07:05:06 GMT

New exploration and development opportunities targeted near existing Appomattox infrastructure
Disciplined growth strategy strengthens energy security and expands INEOS Energy’s upstream portfolio

INEOS Energy and Shell Offshore Inc., a subsidiary of Shell plc, have today agreed to jointly invest in exploration and development opportunities, strengthening their collaboration and supporting long-term energy security, from areas in tieback distance to the Appomattox platform in the Gulf of America. INEOS is acquiring a 21% working interest for an undisclosed amount, consistent with its ownership in Appomattox, Rydberg, the recent Nashville discovery, and the Mattox pipeline.

The agreement will initially focus on three exploration and production opportunities:

Shell's pre-FID Fort Sumter discovery
Drilling of the Sisco exploration well
A further exploration well targeted by the end of 2030

The agreement supports INEOS Energy's broader growth strategy, building on established positions in the Gulf of America, Eagle Ford South Texas, offshore Denmark and the UK Continental Shelf, while further strengthening collaboration with Shell to pursue future growth and expansion opportunities.

INEOS Energy is committed to working together with Shell to unlock additional value from the Appomattox host platform. This agreement builds on a state-of-the-art facility, integrating the early production assets of Appomattox and Rydberg with existing pipeline infrastructure to deliver high-margin barrels.

David Bucknall, CEO of INEOS Energy, said: "Partnering with Shell on these opportunities is a natural step. We are focusing on areas close to existing infrastructure where we can move quickly, control costs and unlock new production. This is disciplined growth targeting exploration, shared risk, and returns. These opportunities strengthen our portfolio and support long-term energy security."

This agreement marks another step in INEOS Energy's strategy to expand its global upstream portfolio while maintaining capital discipline and leveraging partnerships with leading operators.

ENDS

Press contacts

INEOS Agency ineos@firstlightgroup.io

Richard Longden richard.longden@ineos.com +41 7996 26123

Peter Hindsberger (peter.hindsberger@ineos.com)

Notes to Editors

About INEOS Energy

INEOS Energy is the energy division of INEOS, a multinational chemical company that operates across a variety of industries including petrochemicals, specialty chemicals, and oil and gas. The business was established in 2020 to oversee the company's growing portfolio of energy-related businesses, which includes exploration and production, as well as trading of oil and gas.

The company's exploration and production activities focus on onshore and offshore oil and gas assets in the North Sea, in the UK, Denmark and USA. In recent years, it has made investments in low-carbon technologies, including Carbon Capture and Storage, and hydrogen.

INEOS Energy leads a consortium which completed the world’s first cross border offshore carbon capture and storage project. The Greensand project has potential sequestration volumes of 1.5 million tonnes of CO₂ per year by 2025, increasing to a potential 8 million tonnes of CO₂ per year by 2030.

INEOS announces launch of offering of Senior Secured Notes due 2031

Tue, 05 May 2026 06:00:00 GMT

PRESS RELEASE

INEOS Holdings Limited today announced that its direct wholly owned subsidiary, INEOS Finance plc (the “Issuer”), has launched an offering (the “Offering”) of euro-denominated senior secured notes due 2031 (the “Notes”) in an aggregate principal amount of €400 million. The gross proceeds of the Offering will be used to (i) repay in full the outstanding senior secured term loans due 2027 under the credit agreement dated as of April 27, 2012 (as amended and restated) (the “Credit Agreement”) and (ii) repay a portion of the amounts outstanding under the U.S. dollar-denominated senior secured term loans due 2028 under the Credit Agreement (collectively, the “Transactions”).

There can be no assurance that the Transactions will be completed.

Contact

For further information, please contact:

Richard Longden: +41 (0) 799 626 123

Cautionary Statement

This Offering is being made by means of an offering memorandum. This press release is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States of America or in any other jurisdiction. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. The Notes will be offered in a private offering exempt from the registration requirements of the Securities Act and will accordingly be offered only to: (i) qualified institutional buyers pursuant to Rule 144A under the Securities Act and (ii) certain persons outside the United States in compliance with Regulation S under the Securities Act.

Forward-Looking Statements

Sir Jim Ratcliffe answers questions about INEOS and its businesses.

Mon, 04 May 2026 10:34:53 GMT

Filmed at the end of April, Tom Crotty Director of Corporate Affairs at INEOS puts questions to Sir Jim Ratcliffe from employees across the company on the key issues shaping the business today. He shares insights on the impact of the Middle East situation, the outlook for chemicals and energy markets, and why Project ONE remains a game-changing investment for Europe despite current challenges.

Jim also discusses industry cycles, competitiveness, debt, and the importance of first-quartile assets, cash discipline, and reliability. Looking ahead, he reflects on growth opportunities in the US, China and oil & gas, while reinforcing INEOS’ core principles of grit, rigour and a strong federal model.

The conversation also touches on innovation, sustainability priorities, leadership lessons, and INEOS initiatives beyond chemicals, including automotive, sport and the Six Rivers environmental programme.

A wide-ranging and candid discussion on where INEOS stands today and where it’s heading next.

INEOS Enterprises agrees to sell INEOS Calabrian to Ecovyst.

Fri, 01 May 2026 09:56:00 GMT

INEOS Enterprises has agreed to sell INEOS Calabrian, its ultra-pure sulphur dioxide and derivatives business, to Ecovyst.
INEOS Calabrian operates manufacturing sites in Port Neches, Texas, USA and Timmins, Ontario, Canada.
Completion is expected by the end of June 2026.
Until completion, INEOS Enterprises will continue to operate the business as usual, with no change to customer or supplier arrangements.

Ashley Reed, Chairman of INEOS Enterprises, said:

INEOS Calabrian has been part of INEOS Enterprises for the past ten years, during which time it has delivered significant improvements in safety, operational performance and financial results. This transaction, valued at $190 million, reflects our disciplined approach to portfolio management — acquiring businesses, improving them at pace, and realising value.

Calabrian is a strong, well-positioned semi-speciality chemicals business. However, it is not a core fit within INEOS’s long-term portfolio. Ecovyst is well placed to take the business forward and support its next phase of growth.

INEOS was advised by Piper Sandler and Slaughter and May.

ENDS

Press Contacts:

Note to Editors

INEOS Enterprises comprises a portfolio of businesses manufacturing chemical products in Northern Europe USA and Canada. The business is focused on the developing needs of its customers and rapid growth through investment in new products and manufacturing facilities or by acquisition. It has sites are in the UK, Germany, Sweden, Switzerland, Canada and the USA. Visit www.ineosenterprises.com to learn more.

INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products which are supplied by our 29 separate businesses. These products form the basis of industries that touch much of our daily life, from medicines to mobile phones; agriculture to automotives; construction to technology and textiles. Even the components essential for renewable energy. INEOS operates 153 sites across 26 countries, generates $50 billion annually and employs over 24,500 people. Complementing our core business, INEOS is making an impact across a range of elite sports and becoming increasingly known in the automotive sector, with the Grenadier (our uncompromising 4x4). For more information, visit: www.ineos.com

INEOS Acetyls and Sandpiper chemicals announce strategic collaboration for the development of a low carbon methanol project in Texas City, Texas.

Wed, 29 Apr 2026 10:32:15 GMT

Landmark facility to produce low-carbon methanol, supporting the energy transition and creating hundreds of jobs along the Gulf Coast

INEOS Acetyls and Sandpiper Chemicals, LLC today announced the formation of a strategic collaboration in support of Sandpiper’s low carbon methanol production facility in Texas City, Texas. INEOS will become a shareholder and an anchor customer of Sandpiper. The project represents a significant milestone in Sandpiper’s commitment to accelerating the clean energy transition and delivering competitively priced chemical feedstocks to global markets.

Project Overview

The low carbon methanol facility will be located on INEOS’ Texas City site, leveraging the region’s established petrochemical infrastructure, deep-water port access, and skilled workforce. Sandpiper’s plant is designed to produce approximately 1.1 million metric tons per annum (MTPA) of low carbon methanol utilizing natural gas with carbon capture, targeting a carbon intensity significantly below the conventional methanol production benchmark. Up to 300,000 tons per year will be consumed by INEOS for its Acetic Acid production.

The project is expected to enter the Front-End Engineering and Design (FEED) phase in Q2 2026, with a Final Investment Decision (FID) targeted for 2027 and first production anticipated in 2030. Total project investment is estimated at approximately USD 1.7 billion.

Declan Sealy, Business Director, INEOS Acetyls said,“Low carbon methanol is increasingly recognized as a critical fuel and feedstock for the maritime, chemical, and energy sectors. INEOS is pleased to support Sandpiper’s development of this facility at our Texas City plant as it will position us at the forefront of a rapidly growing global market for sustainable fuels. We are excited by the economic and environmental impact this project will create.”

Peter Nassab, Chief Executive Officer, Sandpiper Chemicals, LLC said, “This venture is a defining step in our strategy to build a lower-carbon methanol portfolio. INEOS’ Texas City site offers world-class infrastructure, an advantaged gulf coast location and a talented workforce, making it the ideal location for a project of this scale and ambition. We are grateful for INEOS’s support, and we look forward to bringing this facility to life and delivering real value to our stakeholders.”

Strategic Rationale and Market Opportunity

Methanol is one of the world’s most widely traded commodity chemicals, with global demand exceeding 100 million metric tons annually. Demand for low carbon methanol is forecast to grow substantially over the coming decade, driven by its adoption as a marine fuel compliant withdecarbonization mandates, as well as its expanding role in chemical manufacturing. Texas City’s proximity to major shipping lanes in the Gulf of Mexico further enhances the project’s commercial competitiveness.

Economic and Community Impact

The project is expected to create approximately 1500 construction jobs at peak activity and 25 permanent positions upon commissioning. The project will generate significant tax revenues forGalveston County and the State of Texas. Sandpiper and INEOS are committed to engaging with local communities, educational institutions, and workforce development programs throughout the project lifecycle.

Environmental Commitment

The facility will incorporate carbon capture and storage (CCS) technology targeting a capture rate of 97% of process CO₂ emissions, alongside best-in-class water management and air quality Controls.

END

INEOS PR | +44 (0) 207 193 9030 | ineos@firstlightgroup.io

Richard Longden | INEOS | +41 79 962 61 23 | richard.longden@ineos.com

About Sandpiper

Sandpiper Chemicals, LLC is headquartered in Houston, Texas. Sandpiper’s team of seasoned professionals have developed and implemented chemical and petrochemical projects worldwide. The Texas City project will be Sandpiper’s third methanol development and one of the first blue methanol projects in the U.S.

For more information, visit: www.sandpiperchemicals.com

About INEOS

INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products which are supplied by our 29 separate businesses. These products form the basis of industries that touch much of our daily life - from medicines to mobile phones; agriculture to automotives; construction to technology and textiles. Even the components essential for renewable energy. INEOS operates 154 sites across 27 countries, generates $55 billion annually and employs over 24,500 people. Complementing our core business, INEOS is making an impact across a range of elite sports and becoming increasingly known in the automotive sector, with the launch of the Grenadier (our uncompromising 4x4).

For more information, visit: www.ineos.com

Sir Jim Ratcliffe and Brian Gilvary INEOS discuss the global energy landscape

Thu, 23 Apr 2026 14:42:22 GMT

At a moment when energy security has reasserted itself as a first-order geopolitical concern, Britain finds itself pursuing a policy that can only be described as wilfully self-harming. The refusal by Ed Miliband to open new North Sea licences, combined with Rachel Reeves’ continued reliance on the Energy Profits Levy, amounts not to a coherent transition strategy, but to a form of ideological political vandalism.

Today we are publishing an in-depth conversation with Sir Jim Ratcliffe Chairman and Founder of INEOS and Brian Gilvary Chairman of INEOS Energy, previously CFO BP, on the global energy landscape amid geopolitical disruption. Filmed during the early stages of the Iran conflict, the discussion explores the impact of constrained oil and gas supply on prices, inflation, and global markets. The interview also examines the shifting balance between the US and Europe in energy investment, the challenges of regulation and energy security, and the future role of fossil fuels, renewables, and emerging technologies. Insightful and candid, this film offers a rare look at how industry leaders view the forces shaping the world’s energy future.

Sir Jim Ratcliffe: “Will INEOS’ Project ONE be Europe’s last investment in the Petrochemicals industry?”

Wed, 22 Apr 2026 13:38:59 GMT

€4.5 billion invested by INEOS in Project ONE will cut CO₂ emissions by two thirds and secure the chemicals Europe depends on for healthcare, food, energy and defence.
This is exactly the kind of project Europe claims to support, yet the “Innovation Fund” has turned it down. If Project ONE doesn’t qualify, the system is not working.
The new ETS Investment Booster is a test of the Commission’s credibility. If Europe is serious about decarbonising industry and staying competitive, it must back real projects, happening now, at scale, not distant ambitions.
Investors are watching. Ignore projects like this and capital will keep leaving and with it the trillion-euro chemical industry that underpins Europe’s economy.
Support projects like Project ONE or accept this could be the last of its kind in Europe.

INEOS is investing €4.5 billion in a world-scale, state-of-the-art petrochemical facility in Antwerp that slashes carbon emissions by two thirds compared to the average cracker in Europe. The trillion Euro chemical industry is one of Europe’s largest and most important sectors.

Whilst Europe sees a growing list of closures - 200 in the last 3 years - and companies exiting the region to focus on investments in the US and China, INEOS alone is committing to Europe through the investment in the only new cracker to be built in Europe in 30 years.

The Project ONE cracker will be Europe’s most energy efficient cracker for the production of ethylene, a vital raw material which is a key building block for the whole of the chemical industry in Europe, thereby supporting critical sectors such as health and pharmaceuticals, food, clean water, technology and communications, energy, and defence. Without these chemicals Europe cannot run hospitals, feed people, or build armaments. It is essential for national security.

Investments such as this are not only necessary to enable Europe to meet its CO2 emission reduction targets but are also vital to enhance European competitiveness and safeguard supplies of strategically important raw materials.

However, despite these credentials, INEOS’ Project ONE has not received any support from EU funding programmes, such as the Innovation Fund which describes itself as “the EU fund for climate policy, with a focus on energy and industry” and claims to “bring to the market solutions to decarbonise European industry and support its transition to climate neutrality while fostering its competitiveness”. If Project ONE does not meet these objectives, then what does?

The European Commission has recently announced a new fund - the ETS Investment Booster. If Europe is serious about supporting investment in decarbonisation of its industry, then this fund needs to support real-world, real-time investments such as Project ONE, otherwise industry will lose any remaining confidence in Europe and Project ONE risks being Europe’s last meaningful investment in the one trillion Euro chemical industry. Project ONE needs support from Europe.”

ENDS

INEOS Inovyn agrees to sell its Italian Chlor-alkali business to Esseco Industrial

Tue, 21 Apr 2026 09:13:39 GMT

INEOS Inovyn has signed an agreement for the sale of its shares in INOVYN Produzione Italia SpA, which operates the Rosignano and Tavazzano sites in Italy, to Esseco Industrial.
The transaction remains subject to the customary regulatory approvals and is expected to be completed during 2026.
Until the completion of the transaction, INEOS Inovyn will continue to manage both sites, with no change to existing customer or supplier arrangements.
Stephen Dossett, CEO of INEOS Inovyn, said: “Rosignano and Tavazzano have been a valued part of INEOS Inovyn, thanks to the commitment, professionalism and strong safety culture of the people who work there. The sale to Esseco Industrial follows a strategic review of our European asset base and does not impact our core operational activities. The sale allows Inovyn to focus on its highly integrated, leading European PVC and Chlor-alkali businesses. We are confident that under Esseco’s ownership the sites will continue to grow and succeed in the years to come”

INEOS Inovyn has signed an agreement for the sale of its shares in INOVYN Produzione Italia SpA, which operates the Rosignano and Tavazzano sites in Italy, to Esseco Industrial.

The Rosignano and Tavazzano sites in Italy produce essential chemicals that underpin critical sectors, including pharmaceuticals, energy, water treatment, food, defence and construction.

The site at Rosignano is Italy’s largest domestic chlor-alkali plant, producing caustic soda and chlorine, which employs over 160 staff. Tavazzano produces sodium hypochlorite and employs 25 staff.

The transaction, which remains subject to the customary regulatory approvals, is expected to be completed during 2026. Until then INEOS Inovyn will continue to manage both sites, with no change to existing customer or supplier arrangements.

INEOS Inovyn’s R&D activity based in Rosignano will remain with INEOS Inovyn and will be carved out, subject to any consultation process required by applicable law.

Esseco Industrial is the industrial holding company of Esseco Group, an Italian industrial group now in its fourth generation with a history spanning over a century. Operating in 10 countries with 8 production sites, including its chlor-alkali facilities in Pieve Vergonte and Saline di Volterra. Esseco Industrial employs approximately 725 people and serves 2,500 customers, offering products and services for the organic and inorganic chemical industries, with a specialization in sulfur derivatives and chlor-alkali.

Piper Sandler served as our exclusive financial advisor on this agreement.

ENDS

Media Contacts

INEOS Inovyn | +44 (0) 7766 990756 | Paul.Tuohy@ineos.com

INEOS PR | +44 (0) 207 193 9030 | ineos@firstlightgroup.io

Note to Editors

About INEOS Inovyn

INEOS Inovyn is Europe's largest producer of chlorvinyls and the global leader in speciality PVC. We deliver products that are essential for modern life, from construction and automotive, to healthcare and renewable energy. Our business is committed to play a key role in the Net Zero transition, through offering low greenhouse gas products and developing new technologies for recycling PVC.

With annual sales of €3 billion, INEOS Inovyn employs circa 4,000 people and has manufacturing, sales and marketing operations in 8 countries across Europe. Our portfolio consists of an extensive range of best-in-class products arranged across General Purpose Vinyls, Specialty Vinyls, Organic Chlorine Derivatives, Chlor-Alkali, Hydrogen and Performance Chemicals. INEOS Inovyn's annual commercial production volume is approximately 9 million tonnes.

About INEOS

INEOS is one of the world’s largest chemical producers and a significant player in the oil and gas market. Learn more about who we are, today.

See inovyn.com and ineos.com for more details.

Energy Security Must Come Before Net Zero

Wed, 11 Mar 2026 17:42:17 GMT

The following opinion piece is written by Sir Jim Ratcliffe, Chairman and CEO of INEOS

If ever there was a time to talk about energy security, then surely it is now. We are just over a week into the Iran war, and we are already seeing massive impacts on our energy prices and on our energy security. In a week when Brent crude breached the $100/barrel mark, UK gas prices more than doubled and we find we only have two days of strategic gas stocks available to the country we really need a rapid reassessment of our priorities.

Nothing is more important for national security than energy independence. Without reliable energy in a conflict situation then there is jeopardy in running hospitals, transportation, manufacturing and basic essentials such as heating and lighting. Our strategic defence capability is totally undermined just when we need it most. Without a reliable supply of energy, the country is crippled.

The world is becoming increasingly turbulent. There are multiple conflicts across the globe with a major escalation happening right now in the Middle East. There are no signs that these conflagrations will abate. Or that humans will suddenly become a peaceful species. Recent history demonstrates that these conflicts have an immediate and dramatic impact on our energy security as demonstrated by the Ukraine War and the current Middle East crisis.

Energy prices in the UK and Europe have skyrocketed since the start of the Iran war. This kills industry and manufacturing and our competitiveness. Our dependency on foreign suppliers of energy only increases. They have us where they want us – over a barrel if you’ll excuse the pun.

Energy prices in the USA have largely stayed stable because they are energy independent. Their economy will not get hammered by sky high energy prices. This has not come about accidently but through a deliberate and long-term policy of prioritising energy independence in America. They have encouraged the development of new oil fields in the US Gulf whilst simultaneously encouraging the onshore development of oil and gas from shale. This has not been at the expense of investment in renewables which has continued apace alongside oil and gas investment, further adding to US energy independence.

It is abundantly clear to me that our prime strategy should be to establish energy independence.

The disruption in the Strait of Hormuz should be a wake-up call for Britain.

Our energy system has a glaring weakness. We simply do not store or produce enough gas. Countries like Germany and France hold months of reserves. The UK holds a fraction of that. When global supply is disrupted, Britain is exposed first and hardest. Prices surge and households pick up the bill.

But storage is only part of the problem. The bigger issue is that Britain is choosing to import energy rather than produce it. UK oil and gas production is forecast to collapse from 74 million tonnes in 2022 to just 33 million tonnes by 2030. That is not because the resources have disappeared. It is because investment is being driven away.

Every barrel and every cubic metre we choose not to produce at home will simply be imported from somewhere else – often from countries with weaker environmental standards and far greater geopolitical risk.

The government now faces a clear choice. Projects like Jackdaw and Rosebank could provide secure domestic supply for decades. Approving them would send a signal that Britain is serious about energy security. Opening up new licences, to explore our nations remaining critical resources, is now a matter of national security.

Refusing them would send the opposite message: that the UK would rather depend on foreign imports than develop its own resources.

At a time of rising global instability, that would be an extraordinary decision.

Last year for the first time since the 1960’s, not a single new exploratory oil or gas well was drilled in the British sector of the North Sea. Ed Miliband refuses to issue new licences. Just across the maritime border however, Norway is discovering new reserves and strengthening its energy future. Britain, meanwhile, is doing the opposite. The UK is punishing the very companies investing in the North Sea with the Energy Profits Levy, pushing the tax burden close to 80%, which is one of the highest anywhere in the world. Unsurprisingly, investment is fleeing. If Britain is serious about energy security and jobs, the EPL must be scrapped and replaced with a stable, price-triggered system that encourages companies to invest here rather than somewhere else.

Net Zero ambitions are good goals but should sit firmly in second place. The UK should maximise energy extraction from the North Sea alongside nuclear new builds and additional wind turbines. These are not mutually exclusive as the US has shown. We must not let ideology obscure common sense and jeopardise national security.

Energy security must come before rigid net zero targets and the same applies to the rest of Europe.

ENDS

Press Contacts

INEOS PR +44 207 193 9030 ineos@firstlightgroup.io

Richard Longden: INEOS | richard.longden@ineos.com | +41 79 962 61 23

INEOS awarded €300 million grant by French Government to rejuvenate and decarbonise Lavera site and cut CO2 emissions by 331,000 tonnes per annum

Thu, 19 Feb 2026 07:23:04 GMT

Installation of proven energy-efficient technology will cut carbon dioxide emissions by 331,000 tonnes a year, supporting France’s climate goals and positioning Lavera for future decarbonisation through electrification and carbon capture
The investment also strengthens France’s industrial sovereignty by ensuring reliable, competitive domestic production of critical raw materials essential to healthcare, defence, aerospace, clean energy and advanced technologies
Sir Jim Ratcliffe said: “This starts with protecting skilled jobs. The answer is NOT decarbonisation by deindustrialisation. Lavera employs thousands of people. It sits at the heart of French manufacturing. We are investing because France understands that a strong industrial base matters. Securing essential materials at home, rather than importing them from China or the United States, is simply common sense. This investment gives Lavera long-term resilience, sharpens its competitiveness and renews technology that cuts emissions by 331,000 tonnes a year. That is real industrial leadership. Europe needs a lot more of it if it wants to keep jobs, investment and sovereignty.”

INEOS has today announced a €300 million investment supported by French government grants that will deliver the next phase of its Lavera regeneration plan and cut carbon dioxide emissions by 331,000 tonnes per annum, the equivalent of taking over 70,000 cars off the road each year. The programme will also improve the long-term competitiveness of one of France’s most important industrial assets, securing thousands of skilled jobs.

The French government is providing support under the ‘Appel d’Offres Grands Projets Industriels de Décarbonation’ (AO GPID) scheme, part of the France 2030 investment plan and operated by ADEME. AO GPID provides annual grants to support large industrial decarbonisation projects that deliver verifiable emissions reductions over a 15-year period to reduce France’s reliance on fossil-based energy.

At a time when chemical plants are closing across Europe due to pressure from high energy costs and global competition, this investment will provide stability for around 2,000 direct employees and more than 10,000 workers across the wider supply chain.

Lavera is a central pillar of French manufacturing. Its products and pipelines, feed directly into essential value chains across pharmaceuticals, healthcare, aerospace, transport, clean energy, food packaging and defence. Maintaining these capabilities inside France is vital for industrial strength, economic resilience and the country’s long-term technological leadership, particularly at a time when Europe faces rising dependence on imports from China and the United States.

The upgrades will make Lavera a profitable, lower-carbon facility with a clear pathway to net zero as electrification and carbon capture technologies mature. The investment will also support French circular economy objectives by enabling the Lavera cracker to process more sustainable feedstocks made from recycled plastics and bio-sourced materials, replacing fossil-based inputs.

Combined with the €250 million investment announced in November 2025, this takes the total planned investment in the Lavera site to more than €550 million.

INEOS continues to call for urgent political action to restore competitiveness in Europe’s strategically vital chemical sector. Without this, millions of jobs will be lost, emissions will rise, and key European industries will become dangerously dependent on imports.

Today’s announcement underlines INEOS’ long-term commitment to France. INEOS will work closely with the French Government throughout this investment programme, from planning through to delivery, to ensure Lavera remains competitive, resilient and aligned with France’s industrial and climate objectives.

ENDS.

Editor notes

Under Appel d’Offres Grands Projets Industriels de Décarbonation, aid is explicitly linked to actual, measurable CO₂ reductions:

Companies must demonstrate real, verified emissions reductions by 2035 compared to a baseline, aligned with EU state aid rules and France’s climate targets
Aid will take the form of annual grants over a 15-year period, based on the actual emissions avoided
Funding is calculated on the additional cost of achieving those reductions versus a conventional solution
Emission reductions must be monitored and independently verified over the agreed period (up to 15 years)
The AO GPID is part of France 2030, a major national investment plan launched in October 2021 by President Macron, and operated by ADEME. It aims to accelerate France’s ecological transition, enhance industrial and technological sovereignty, and support emerging sectors through innovation

Recent Lavera announcements:

November 2025: INEOS launches €250m investment supported by the French Government to secure the future of French industry at Lavera Full story
June 2025: INEOS Olefins & Polymers Europe launches new advanced recycled plastic production at its Lavera site in Southern France Full story

Media contacts

French Press:
Marie-Pierre, Communications Manager Lavera
+33 683840398 marie-pierre.collin@ineos.com

Regional and pan-European titles:
INEOS PR | +44 207 193 9030 | ineos@firstlightgroup.io

Richard Longden, INEOS
+41 79 962 61 23 | richard.longden@ineos.com

Trade Press:
Alistair Shaw INEOS Olefins & Polymers Europe
+44 7817458865 | alistair.shaw@ineos.com

About INEOS Olefins & Polymers Europe

INEOS Olefins & Polymers Europe has the capacity to manufacture over 8.5 million tons of chemicals and polymers at eight sites. These are used to produce a wide range of derivative products that both enable and enhance many aspects of life today. From a broad technology base, the business can produce polymers specifically tailored to provide high value solutions to customers in its chosen market sectors. In April 2024, INEOS completed the acquisition of TotalEnergies' 50% share of Naphtachimie (steam cracker), Appryl (polypropylene business), Gexaro (aromatics business) and 3TC (naphtha storage) in Lavera, France. The businesses had been joint ventures between the two companies. A number of other infrastructure assets were also acquired including part of TotalEnergies’ ethylene pipeline network in France.

INEOS obtient une subvention de 300 millions d'euros du gouvernement français pour moderniser et décarboner son site de Lavéra, et réduire les émissions de CO₂de 331 000 tonnes par an.

L'installation d'une technologie éprouvée et économe en énergie permettra de réduire les émissions de dioxyde de carbone de 331 000 tonnes par an. Elle contribuera ainsi aux objectifs climatiques de la France et préparera le site de Lavéra aux prochaines étapes de sa décarbonation grâce à l'électrification et au captage du carbone.
Cet investissement contribue également à renforcer la souveraineté industrielle de la France en garantissant une production nationale fiable et compétitive de matières premières essentielles aux secteurs de la santé, de la défense, de l'aérospatiale, des énergies propres et des technologies de pointe.
Sir Jim Ratcliffe a déclaré : « Cela commence par la protection des emplois qualifiés. La réponse n'est PAS la décarbonation par la désindustrialisation. Lavéra emploie des milliers de personnes. Elle est au cœur de l'industrie manufacturière française. Nous investissons parce que la France comprend l'importance d'une base industrielle solide. Il est tout simplement logique de s'approvisionner en matières premières essentielles sur le territoire national plutôt que de les importer de Chine ou des États-Unis. Cet investissement confère à Lavéra une résilience à long terme, renforce sa compétitivité et renouvelle une technologie qui permet de réduire les émissions de 331 000 tonnes par an. C'est cela, le véritable leadership industriel. L'Europe doit en faire davantage si elle veut conserver ses emplois, ses investissements et sa souveraineté. »

INEOS a annoncé aujourd'hui un investissement de 300 millions d'euros soutenu par des subventions du gouvernement français qui permettra de mettre en œuvre la prochaine phase de son plan de régénération de Lavera et de réduire les émissions de dioxyde de carbone de 331 000 tonnes par an, soit l'équivalent de plus de 70 000 voitures en moins sur les routes chaque année. Ce programme améliorera également la compétitivité à long terme de l'un des actifs industriels les plus importants de France, garantissant ainsi des milliers d'emplois qualifiés.

Le gouvernement français apporte son soutien dans le cadre du programme « Appel d'Offres Grands Projets Industriels de Décarbonation » (AO GPID), qui fait partie du plan d'investissement France 2030 et est géré par l'ADEME. L'AO GPID octroie des subventions annuelles pour soutenir les grands projets industriels de décarbonation qui permettent de réduire de manière vérifiable les émissions sur une période de 15 ans afin de réduire la dépendance de la France aux énergies fossiles.

À l'heure où les usines chimiques ferment partout en Europe sous la pression des coûts de l’énergie élevés et de la concurrence mondiale, cet investissement assurera la stabilité d'environ 2 000 employés directs et de plus de 10 000 travailleurs dans l'ensemble de la chaîne d'approvisionnement.

Lavéra est un pilier central de l'industrie manufacturière française. Ses produits et ses pipelines alimentent directement des chaînes de valeur essentielles dans les domaines pharmaceutique, médical, aérospatial, des transports, des énergies propres, de l'emballage alimentaire et de la défense. Le maintien de ces capacités en France est vital pour la puissance industrielle, la résilience économique et le leadership technologique à long terme du pays, en particulier à un moment où l'Europe est confrontée à une dépendance croissante vis-à-vis des importations en provenance de Chine et des États-Unis.

Ces améliorations permettront à Lavéra de devenir une installation rentable et moins émettrice de carbone, avec une trajectoire claire vers la neutralité carbone, à mesure que les technologies d'électrification et de captage du carbone gagneront en maturité. Cet investissement soutiendra également les objectifs français en matière d'économie circulaire en permettant au craqueur de Lavéra de traiter des matières premières plus durables issues de plastiques recyclés et de matériaux biosourcés, en remplacement des intrants fossiles.

Combiné à l'investissement de 250 millions d'euros annoncé en novembre 2025, cela porte l'investissement total prévu sur le site de Lavera à plus de 550 millions d'euros.

INEOS continue d'appeler à une action politique urgente pour restaurer la compétitivité du secteur chimique européen, stratégiquement vital. Sans cela, des millions d'emplois seront perdus, les émissions augmenteront et les industries européennes clés deviendront dangereusement dépendantes des importations.

L'annonce faite aujourd'hui réaffirme l'engagement à long terme d'INEOS en France. INEOS travaillera en étroite collaboration avec le gouvernement français tout au long de ce programme d'investissement, de la planification à la mise en œuvre, afin de garantir que le site de Lavéra reste compétitif, résilient et en phase avec les objectifs industriels et climatiques de la France.

FIN

Notes de la rédaction :

Dans le cadre de l'appel d'offres Grands Projets Industriels de Décarbonation, l'aide est explicitement liée à des réductions réelles et mesurables des émissions de CO₂ :

Les entreprises doivent démontrer une réduction réelle et vérifiée de leurs émissions d'ici 2035 par rapport à un niveau de référence, conformément aux règles de l'UE en matière d'aides d'État et aux objectifs climatiques de la France.
L'aide prendra la forme de subventions annuelles sur une période de 15 ans, calculées sur la base des émissions réelles évitées.
Le financement est calculé sur la base du coût supplémentaire lié à la réalisation de ces réductions par rapport à une solution conventionnelle.
Les réductions d'émissions doivent être contrôlées et vérifiées de manière indépendante pendant la période convenue (jusqu'à 15 ans)
L'Appel d’offres GPID fait partie de France 2030, un plan d'investissement national majeur lancé en octobre 2021 par le président Macron et géré par l'ADEME. Il vise à accélérer la transition écologique de la France, à renforcer la souveraineté industrielle et technologique et à soutenir les secteurs émergents grâce à l'innovation

Communiqués récents concernant Lavéra :

Novembre 2025 : INEOS annonce un investissement de 250 millions d'euros, soutenu par le gouvernement français, pour assurer l'avenir de l'industrie à Lavera. Article complet
Juin 2025: INEOS Olefins & Polymers Europe lance une nouvelle production de plastique recyclé sur son site de Lavéra, dans le sud de la France Article complet

Contacts Médias

Presse en France :
Marie-Pierre Collin, Responsable Communication - Site de Lavéra
+33 683840398 e: marie-pierre.collin@ineos.com

Media régionaux et pan européens :
INEOS PR ineos@firstlightgroup.io

Richard Longden, INEOS
+41 79 962 61 23
richard.longden@ineos.com

Presse spécialisée :
Alistair Shaw, Communications Manager, INEOS Olefins & Polymers Europe
+44 7817458865 alistair.shaw@ineos.com

À propos d’INEOS Olefins & Polymers Europe

INEOS Olefins & Polymers Europe dispose d’une capacité de production de plus de 8,5 millions de tonnes de produits chimiques et de polymères répartie sur huit sites. Ceux-ci sont utilisés pour fabriquer une large gamme de produits dérivés qui rendent possible et améliorent de nombreux aspects de la vie quotidienne. Grâce à une base technologique étendue, l'entreprise est en mesure de produire des polymères spécialement conçus pour offrir des solutions à forte valeur ajoutée à ses clients dans ses secteurs de marché ciblés. En avril 2024, INEOS a finalisé l'acquisition de la part de 50 % de TotalEnergies dans Naphtachimie (vapocraqueur), Appryl (activité polypropylène), Gexaro (activité aromatiques) et 3TC (stockage de naphta) à Lavéra, en France. Ces sociétés étaient auparavant exploitées en coentreprises entre les deux groupes. Plusieurs autres infrastructures ont également été acquises, notamment une partie du réseau de pipelines d’éthylène de TotalEnergies en France.

Statement from Sir Jim Ratcliffe in response to UK press coverage.

Thu, 12 Feb 2026 11:45:59 GMT

The following press statement from Sir Jim Ratcliffe is in response to reporting of his comments from Wednesday 11th February.

"I am sorry that my choice of language has offended some people in the UK and Europe and caused concern but it is important to raise the issue of controlled and well-managed immigration that supports economic growth.

My comments were made while answering questions about UK policy at the European Industry Summit in Antwerp, where I was discussing the importance of economic growth, jobs, skills and manufacturing in the UK.

My intention was to stress that governments must manage migration alongside investment in skills, industry and jobs so that long-term prosperity is shared by everyone. It is critical that we maintain an open debate on the challenges facing the UK."

ENDs.

Europe’s chemical industry faces unsurvivable conditions without urgent action warns Sir Jim Ratcliffe.

Wed, 11 Feb 2026 14:14:22 GMT

Conditions are unsurvivable: Since the first Antwerp meeting in February 2024: 101 sites have closed, 25Mt of chemical capacity has gone; 75,000 jobs have been lost and €70bn wiped from Europe’s asset base.
Europe hasn’t cut emissions, it has exported them. Production has shifted to the US and China, where carbon intensity is 2–3 times higher, increasing global CO₂ by more than 20 million tonnes, while imports surge and Europe’s competitiveness erodes.
Urgent action is needed now: energy costs, carbon taxes and weak trade defence are driving industry out of Europe.

Sir Jim Ratcliffe joined Europe’s industrial leaders today at the third Antwerp Summit, to deliver a stark warning to EU Heads of State ahead of the European Council meeting in Alden Biesen: current conditions for Europe’s chemical industry are unsurvivable without immediate intervention.

Speaking at the European Industry Summit in Antwerp, the Antwerp Declaration Community representing more than 1,300 companies, trade associations and trade unions called for urgent, coordinated action to restore competitiveness and protect high-quality industrial jobs across Europe.

“The European chemical industry has been tremendously successful and is a huge European asset. It is a million jobs and a trillion euros of sales. And we cannot live as we do today without it.” said Sir Jim.

“The industry is currently in the process of shutting down. Without a chemical industry we cannot run hospitals, we cannot feed people, we cannot defend ourselves. It is critical for National Security.”

The summit brought together more than 500 business leaders, factory workers and senior EU decision-makers. This included European Commission President Ursula von der Leyen, under the auspices of Belgian Prime Minister Bart De Wever and was held in the presence of European leaders and Commissioners.

Sir Jim Ratcliffe, Chairman of INEOS, set out the scale of the challenge facing Europe’s industrial base.: “Since February 2024, when we met for the first Antwerp Summit, 101 industrial sites have closed, 25 million tonnes of chemical capacity has left Europe, and over 75,000 people have lost their jobs. Replacing those plants would cost around €70 billion. That is a huge loss to Europe’s industrial base and to the communities that depend on it.”

Sir Jim also warned that Europe’s current trajectory is increasing global emissions rather than reducing them.

“Europe hasn’t cut emissions, it has exported them. Production has moved to the US and China, where carbon intensity is far higher. As a result, global emissions have risen by more than 20 million tonnes of CO₂.”

He said the root cause is clear: “Energy prices in Europe remain around four times higher than in the United States. Rising carbon costs and weak trade defence are driving investment away. These conditions are unsurvivable for Europe’s chemical industry. Plants are not closing through lack of commitment; they are closing because the economics no longer work.”

The solution, is to protect it. Quickly. There are three things that that should be considered by the commission and Heads of State at the Alden Biesen meeting tomorrow:

Protect Europe from the waves of cheap imports being dumped in our markets particularly now the USA has closed its markets. Anti-dumping duties take 2 years. Make it 6 months (like the USA). And look at tariffs and safeguard measures for a critical industry.
Suspend carbon tax for 5 years and re-evaluate its purpose. All it is doing is closing European production and losing jobs. And increasing carbon emissions. The opposite of its intention.
Energy for industry (current 3-4 times USA) needs to be much more competitive

Despite the urgency of the situation, Ratcliffe stressed that Europe still has a choice.

“With the right decisions now, Europe can rebuild a competitive, resilient chemical industry that supports healthcare, clean water, food, defence and energy security. We can protect high-quality industrial jobs and reduce emissions for real through investment in low-carbon production, hydrogen and carbon storage projects such as Greensand.”

“Europe can only lead the energy transition and innovation with industry, not without it. It can strengthen its sovereignty and cut global emissions by producing efficiently at home rather than importing from elsewhere.”

Industry leaders reaffirmed their willingness to work constructively with the European Commission and Member States to deliver practical solutions.

“The time for discussion is over,” Ratcliffe concluded. “Europe must act now to create the conditions in which industry can survive and invest in Europe again.”

ENDS

Press Contacts

INEOS PR +44 207 193 9030 ineos@firstlightgroup.io

Richard Longden: INEOS | richard.longden@ineos.com | +41 79 962 61 23

Note to Editors.

Sir Jim Ratcliffe delivered the following address to European Commission President Ursula von der Leyen and Belgian Prime Minister Bart De Wever at the Antwerp Summit on 11 February 2026, ahead of the European Council meeting in Alden Biesen.

The Antwerp Declaration Community representing more than 1,300 companies, associations and trade unions across Europe called on EU Heads of State and Government to take urgent action to restore industrial competitiveness, safeguard high-quality jobs and turn the Clean Industrial Deal into tangible outcomes on factory floors in 2026.

The summit brought together more than 500 business leaders, factory workers and senior EU decision-makers, including German Chancellor Friedrich Merz, French President Emmanuel Macron, Dutch Prime Minister Dick Schoof, Austrian Chancellor Christian Stocker, Executive Vice Presidents Teresa Ribera and Stéphane Séjourné, and other European leaders.

Check against delivery… Address by Sir Jim Ratcliffe INEOS Chairman.

“Madame President, Prime Minister, Ladies and Gentlemen, The European chemical industry has been tremendously successful and is a huge European asset. It is a million jobs and a trillion euros of sales. And we cannot live as we do today without it.

The current trading conditions for chemicals however in Europe are unsurvivable. No chemical business will survive with current energy costs and carbon tax, and without tariff or duty protection.

The industry is currently in the process of shutting down.

Without a chemical industry we cannot run hospitals, we cannot feed people, we cannot defend ourselves. It is critical for National Security.

The solution, Madame President, is to protect it. Quickly. There are three things that I would kindly request that you consider:

Protect Europe from the waves of cheap imports being dumped in our markets particularly now the USA has closed its markets. Anti-dumping duties take 2 years. Make it 6 months (like the USA). And look at tariffs and safeguard measures for a critical industry.
Suspend carbon tax for 5 years and re-evaluate its purpose. All it is doing is closing European production and losing jobs. And increasing carbon emissions. The opposite of its intention.
Energy for industry (current 3-4 times USA) needs to be much more competitive.”

ENDS.

INEOS launches new Recycl-IN grade with 70% recycled content for greener cosmetics packaging

Mon, 26 Jan 2026 16:25:16 GMT

Innovative new product enables brands to boost the sustainability of contact-sensitive cosmetics packaging without compromising on quality or performance
Recycl-IN grade contains 70% recycled material and delivers a 35% lower carbon footprint, with ease of processing, mechanical strength, and optical properties comparable to virgin polymer
True drop-in solution, ideal for manufacturing a range of stiff, coloured or translucent cosmetics packaging components

INEOS Olefins & Polymers Europe announces the launch of a new Recycl-IN hybrid polymer grade containing 70% recycled material, designed to boost the sustainability of contact-sensitive cosmetics packaging without brands needing to compromise on quality or performance.

Recycl-IN hybrid polymers deliver the strength, aesthetics, and processing ease customers expect - while significantly increasing recycled content and reducing CO₂ emissions. This is achieved by combining high levels of mechanically recycled plastic with advanced ‘booster’ polymers.

This new innovative product is a natural colour polypropylene homopolymer designed for thin-walled injection moulding and fibre extrusion, making it ideal for manufacturing stiff, coloured or translucent components such as:

Screw caps, jars, and lids
Mascara reservoirs and caps
Deodorant roller balls
Spray-over caps and dispenser parts

The key attributes of the new grade, rPP1025C, are:

Stiffness for shape retention, premium feel, and reliable functionality
Heat resistance for product stability and shelf life

Like all the INEOS Recycl-IN grades, rPP1025C is a true drop-in solution for demanding applications as the ease of processing, mechanical strength, and optical properties remain comparable to the qualities of virgin polypropylene, while delivering a 35% lower carbon footprint.

To ensure safety and compliance, the recycled materials are covered by an FDA No Objection Letter (NOL) and certified as Post-Consumer Recyclate (PCR) by RecyClass, in line with ISO 14021 environmental labelling standards.

This launch marks the second Recycl-IN hybrid grade that INEOS have developed for cosmetics packaging, building on the success of rPP2030C. INEOS offers a range of Recycl-IN hybrid ready-made polyolefin compounds for rigid and flexible applications in sectors such as automotive, construction, drainage systems, packaging, sports stadiums, storage and textiles.

In full: rPP1025C attributes & benefits

Stiffness – Maintains shape, protects contents, delivers a premium feel, and ensures reliable functionality
Heat resistance (virgin polymer level) – Preserves product stability and extends shelf life under varying conditions
Natural colour – Cuts costs, simplifies recycling, and provides a neutral base for versatile branding without added pigments
Scratch resistance – Keeps packaging looking pristine, preserving premium appearance and brand integrity
Virgin-quality colourability – Enables a full spectrum of shades, from light to dark, for maximum design flexibility

More information

Download the Recycl-IN product brochure
Key product documentation e.g. SDS
Visit our website to send an enquiry

INEOS Energy announces new Norphlet oil discovery in the Gulf of America

Mon, 22 Dec 2025 09:28:04 GMT

INEOS Energy (21% WI) has announced a new oil Norphlet discovery in the Gulf of America. The Shell (79% WI) operated well, Nashville, marks INEOS' first successful exploration well in the region.

The Nashville exploration well was drilled more than five miles beneath the seabed and confirmed high-quality oil in one of the Gulf’s most promising deepwater formations. The discovery could be tied back to the nearby Appomattox production platform, which is operated by Shell and jointly owned with INEOS.

David Bucknall, CEO of INEOS Energy, said: "This is a good result for INEOS Energy and an important step in building our presence in the US Gulf where world-class resources are to be found and developed responsibly. We believe Nashville will help strengthen energy security and provide reliable supplies for many years to come."

The company said the discovery was drilled using the Deepwater Proteus, one of the world’s most advanced offshore rigs. Further technical work is now under way to determine the size of the find.

Heather Osecki, CEO of INEOS Energy’s US Gulf business, said: "The drilling results at Nashville are very encouraging and fully in line with what we hoped to find. This discovery is an important first step in our plans to grow our existing assets while we look to further strengthen our position in the Gulf. We look forward to continuing our work to bring further value to the Appomattox host platform."

INEOS holds a 21% working interest with Shell, the operator, holding the remaining 79%.

ENDS

Press contacts.

INEOS PR +44 207 193 9030 ineos@firstlightgroup.io
Peter Hindsberger INEOS Energy + 45 30186697 peter.hindberger@ineos.com
Richard Longden INEOS Group +41 799 626 123 richard.longden@ineos.com

Sir Jim Ratcliffe calls for immediate action from Europe’s politicians to save the chemical industry.

Thu, 18 Dec 2025 09:52:00 GMT

Sir Jim Ratcliffe has called on Europe’s politicians to take immediate and urgent action to halt the catastrophic decline in the European chemical industry and protect Europe’s economy from a total reliance on imported goods.

“There is not going to be much left of chemicals in Europe unless politicians get to grips with it very soon.” He says, “We now have huge levels of Chinese imports coming into Europe for two reasons. Firstly President Trump’s actions have pushed them out of the US and so it is now all coming here, and secondly, China has vastly overbuilt capacity. No Chinese company is making money and all of this product is finding its way into Europe at ‘dumping’ prices.”

Sir Jim commented that he has never seen trading this bad, even in the downturn of 2008. He added, “Chemicals, a one trillion Euro industry, cannot survive without tariff protection IMMEDIATELY alongside action on crippling carbon taxation. Energy prices are four times higher in Europe than in the US and that is totally unsustainable.”

The net result of this disastrous European policy is an unprecedented tsunami of closures of major chemical facilities across the continent of Europe. In the 5 year period from 2022 to 2027, a total of 90 facilities have either closed or are closing with a loss of almost 25 million tonnes of capacity. These plants would all cost between €500m and €1billion to replace so a loss of almost €70 billion from Europe’s asset base.

Sir Jim ends by saying, “This data is clear evidence of decline that can no longer be ignored by the politicians. Someone needs to wake up before the entire industry is gone, leaving Europe dependent on China for the core materials that support defence, healthcare, food and manufacturing. We need action now.”

ENDS

Press contacts.

INEOS PR +44 207 193 9030 ineos@firstlightgroup.io

INEOS announces £150 million investment at its Grangemouth site, supported by the UK Government, to secure the future of British industry.

Tue, 16 Dec 2025 23:30:07 GMT

INEOS is investing £150m at its Grangemouth site, supported by a £75m Government loan guarantee and £50m grant
At a time when British manufacturing is in decline, this investment, in partnership with the UK Government, maintains the operation of Grangemouth as a critical and strategic supplier to UK industry.
Government support shows the strategic importance of making things in Britain. It protects more than 500 high-value jobs, secures hundreds more in the supply chains and preserves the industrial capability the nation needs.
Sir Jim Ratcliffe said “The £150m investment in the future of a major UK industrial site demonstrates INEOS’ commitment to British manufacturing. The support of the UK Government is welcome. However, we need to continue to work together to deliver competitive and efficient low-carbon manufacturing for the UK, long term. The answer is NOT decarbonisation by deindustrialisation. Without a strong manufacturing base, the economy will continue to decline. High energy costs and punitive carbon charges are driving industry out of the UK at an alarming rate. If politicians want jobs, investment and energy security, then they must create a competitive environment.”

INEOS has today announced a major £150 million investment to underpin the long-term future of its Grangemouth site in Scotland, one of the UK’s most important industrial assets and a critical hub for the nation’s manufacturing and energy sectors.

Supported by the UK Government, and facilitated by NatWest Group, the investment will upgrade key production units, improve energy efficiency, reduce emissions, and enhance the site’s competitiveness.

Grangemouth has long been at the heart of Scottish and UK industry. These investments maintain the site and more than 500 highly skilled direct jobs, as it continues to supply essential raw materials that are vital to the UK economy. From food packaging and housing insulation to automotive parts, hospital equipment, medicines and sustainable technologies, Grangemouth plays a fundamental role in making modern life possible.

Prime Minister, Keir Starmer, said: “When we said we’d protect jobs and invest in Britain’s future, we meant it - and this is proof. Through partnership, determination, and our Modern Industrial Strategy, we’re delivering new opportunities, fresh investment, and security for the next generation of workers in Scotland. This is about good jobs, stronger communities, and a modern economy that works for everyone. Our commitment is clear: to back British industry, to stand by hardworking families, and to ensure places like Grangemouth can thrive for years to come. Promise made, promise delivered.”

Business Secretary Peter Kyle said: “The UK Government’s decision to step in will protect Grangemouth as a site of strategic national importance and secure 500 vital jobs in the area. By partnering with INEOS we are backing the plant and its long-term future, giving certainty to workers and the supply chain for the next five years. This approach is part of our Modern Industrial Strategy through which we are working to reduce the cost of energy for industry and support manufacturing in the UK.”

Two-thirds of British manufacturing has disappeared in the last 25 years alone, while during that same period, the UK population has risen by more than 10 million. Demand for the foundational materials that critical sectors depend on will not subside. Without domestic manufacturing capacity they will need to be imported, often at a higher cost while delivering no economic or environmental benefit.

The programme of investments at Grangemouth forms part of a broader INEOS strategy to invest in modern, efficient, lower-emission industrial facilities across its portfolio. It reinforces INEOS’ long-term commitment to operating world-class assets in the UK.

ENDS

Additional Quotes

Chancellor Rachel Reeves said: “We said we would stand squarely behind communities like Grangemouth and we meant it. Building on the millions of pounds we’ve already invested in Grangemouth, this vital package protects our national resilience and secures the livelihoods of hundreds of people employed at the site way into the future.”

Scottish Secretary Douglas Alexander said: “The UK Government is investing £120m to protect jobs and secure future opportunities at Grangemouth. Grangemouth has been at the heart of Scotland's industrial story for generations, and we are ensuring it remains central to our future. This is a landmark moment for Grangemouth. This £120 million UK Government investment protects not just the 500 jobs at the plant, but hundreds more across Scottish supply chains. We have been clear that we will do everything possible to secure the long-term future of the Grangemouth site."

Robert Begbie, CEO Commercial & Institutional, NatWest commented: “As the UK’s biggest bank for business, accelerating regional growth is a key priority for us at NatWest. We know that this vital funding will support INEOS Grangemouth in remaining a critical site for our national resilience and prosperity, whilst helping protect jobs in Scotland and beyond.”

Photographs and downloads

https://we.tl/t-3LfB3ZNJl6

INEOS in the UK .pdf INFOGRAPHIC showing connection of Grangemouth upstream and downstream,.

Media contacts

INEOS Agency: ineos@firstlightgroup.io | +44 20 7193 9030

David East: INEOS | david.east@ineos.com | +44 1324 476948

Richard Longden: INEOS | richard.longden@ineos.com | +41 79 962 61 23

About INEOS at Grangemouth Site:

https://www.ineos.com/sites/grangemouth/

Our site covers the same area as 640 football pitches; we directly employ around 1300 highly skilled people with many thousands more indirectly via our value chain. We have raw material supply pipelines connecting us to other manufacturing hubs in the North East and North West of England (see accompanying graphic)

Our business: INEOS Olefins & Polymers (UK) Europe operates world-scale petrochemical plants at Grangemouth. Our finished products of ethylene, propylene, polyethylene and are used as the building blocks in a multitude of applications which both enable and enhance many aspects of life today.

Our Products: The products we manufacture are vital to the well-being of a modern society, improving lives and livelihoods, delivering critical raw materials to other sectors and underpinning the global drive towards reducing greenhouse gas emissions and improving efficiencies. Our products go into the manufacture of PPE, supporting the production of vaccines as well as drips, syringes, blood bags and inhalers. All the polymers made at Grangemouth are fully recyclable; we are at the forefront of innovations to increase the amount of post consumer recyclates (PCR) in consumer applications and the use single plastics to make the process of recycling more efficient and more straightforward for the consumer. Our products help other sectors to reduce their carbon footprints too: ‘lightweighting’ vehicles, longer shelf-lives and reducing food waste.

The North Sea Strategy is a roadmap to ruin

Mon, 08 Dec 2025 11:59:00 GMT

The UK’s North Sea oil and gas industry has powered the nation for over 50 years. Yet theGovernment’s decision in the November Budget to maintain the Energy Profits Levy (EPL) at 38% - giving a headline tax rate of 78% - threatened that resource in minutes.

As domestic production falters under restrictive licensing policies and the damaging EPL, thousands of skilled workers are losing jobs, public revenues are shrinking, and the UK’senergy security is becoming alarmingly fragile. The North Sea Transition Authority’s (NSTA)revised forecasts (Nov 2025) speak volumes: predicted 2030 output of oil and gas is 33m tonnes, down from 74m tonnes in 2022. That’s a halving of production in only eight years.

The Government is leading by ideology without debate or logic. Restoring North Sea investment does not mean abandoning climate commitments; it is necessary to safeguard jobs, stabilise the economy, and maintain a bridge to a cleaner energy future. How can businesses invest in that future if they are being driven to ruin?

Ignoring these realities risks further loss of industry expertise and surrendering Britain’s energy independence to volatile global markets – with no environmental gain, as we continue to import oil and gas from overseas.

UK domestic production is critical - debunking the 'Price Taker’ myth

Opponents of new licensing in the North Sea claim that the UK is merely a "price taker",suggesting that UK domestic production cannot meaningfully affect prices or security. Thisis a short-sighted and dangerously narrow view of energy economics.

Domestic production reduces exposure to global supply shocks, transport bottlenecks and hostile suppliers – Germany’s reliance on Russian gas should be warning enough. It insulates the UK against price volatility and strengthens its international bargaining power. The European scramble for LNG cargoes in 2022 after Russia’s invasion of Ukraine underscores that energy independence is a matter of national security.

It also keeps profits, jobs, and taxes in Britain. And it’s greener: the NSTA itself confirmed that imported gas carries more than twice the carbon footprint of UK-produced gas.

We have a wealth of resources on our doorstep. Offshore Energies UK (OEUK) estimates up to 7.5 billion barrels of oil and gas remain untapped in UK waters, worth £165 billion to our economy. Shutting this down whilst relying on more expensive, higher-carbon imports is economic and environmental lunacy.

How Restoring Investment and Removing the EPL Would Boost Revenues

The EPL, introduced in response to a temporary post-covid oil prices spike, is now undermining the revenue it was meant to raise. Tax receipts have fallen from £9 billion in 2022-2023 to £4.5 billion in 2024-2025, despite the punitive rates.

The levy has driven cancellations, pushed companies and their supply chains towards insolvency and forced major investors overseas. OEUK estimates that reforming the EPL and re-opening the sector to investment could generate an additional £12 billion in tax receipts by 2050 and support 23,000 more British jobs.

The reality is that the UK will need oil and gas for decades, even in rapid net zero scenarios. Blocking new production simply hands jobs, investment, and taxes to foreign producers while we still pay global prices for energy.

A Pragmatic Path for Britain

The real choice is not oil and gas versus renewables. It is between a strong, well-regulateddomestic sector that supports British workers, energy security and the public purse, or a shrinking industry exporting its profits and expertise abroad.

The Government missed the chance to show confidence in UK manufacturing. Urgent tax reform is now essential. If the EPL remains until 2030, the investment exodus will be irreversible.

Solutions exist. As first step, the UK government could immediately replace the EPL with the proposed Oil and Gas Price Mechanism. This would tax only genuine windfalls, capturing revenue on exceptional profits whilst restoring stable, predictable and viable fiscal terms for the industry in normal conditions.

Britain must act decisively: reform tax policy, unlock investment, retain skills and give the energy sector the certainty required to deliver a secure and managed transition.

NEOVYN™ PVC usage surges as customers take advantage of its 37% lower carbon footprint to reduce scope 3 emissions

Mon, 24 Nov 2025 07:00:00 GMT

Since 2024 NEOVYN™PVC demand has grown thirtyfold, reflecting businesses growing commitment to environmentally responsible products and lower carbon solutions.
Driven by rising demand across the construction, automotive, piping and technical textiles sectors.
By combining access to renewable and low carbon energy sources, NEOVYN™offers a significantly reduced carbon footprint that is 37% lower than the European industry average for suspension PVC.
Arnaud Valenduc, INEOS Inovyn’s Business Director, said: “Customers are increasingly looking for suppliers to reduce their scope 3 emissions and enable them to offer lower carbon applications. NEOVYN™ provides a trusted drop in solution which immediately reduces PVC greenhouse gases by 37%, demonstrating our commitment to provide market leading products.”

Launched in 2024, NEOVYN™ is now available from nearly all of INEOS Inovyn’s production sites using access to renewable energy sources, including hydroelectric power from Norway, electricity from North Sea wind turbines in Antwerp and solar energy in Jemeppe.

As a result, it provides a significantly reduced carbon footprint that is 37% lower than the European industry average for suspension PVC, reduced to 1.3 kg CO₂ per kg PVC.

The NEOVYN™ range is certified under the ISCC (International Sustainability & Carbon Certification) PLUS scheme and its greenhouse gas credentials are independently verified, providing confidence and peace of mind to our customers.

INEOS Inovyn is seeing a growing number of forward-looking companies switch their entire PVC range to NEOVYN™, allowing them to develop sustainable downstream products and reduce their scope 3 emissions.

This is especially visible in the construction sector, where PVC is often one of the key materials. Here it supports product-specific environmental declarations, helping manufacturers to meet evolving sustainability regulations and significantly lower the carbon footprint of window profiles, flooring and pipes.

NEOVYN™ is rapidly becoming the reference point for PVC. Its adoption is accelerating across key sectors - window profiles for construction, flooring in new buildings and hospitals, artificial leather for automotive interiors, and water distribution piping – replacing conventional PVC and setting a new industry standard for low-carbon solutions.

ENDS

Media Contacts

Paul.Tuohy@ineos.com +44(0) 7766 990756
maite.enfedaque@ineos.com +34 619 832299

Note to Editors

About INEOS Inovyn
INEOS Inovyn is Europe's largest producer of chlorvinyls and the global leader in speciality PVC. We deliver products that are essential for modern life, from construction and automotive, to healthcare and renewable energy. Our business is committed to play a key role in the Net Zero transition, through offering low greenhouse gas products and developing new technologies for recycling PVC.

With annual sales of €3.2 billion, INEOS Inovyn employs circa 4,200 people and has manufacturing, sales and marketing operations in 8 countries across Europe. Our portfolio consists of an extensive range of best-in-class products arranged across General Purpose Vinyls, Specialty Vinyls, Organic Chlorine Derivatives, Chlor-Alkali, Hydrogen and Performance Chemicals. INEOS Inovyn's annual commercial production volume is approximately 9 million tonnes.

We are INEOS | INEOS Group
INEOS is one of the world’s largest chemical producers and a significant player in the oil and gas market. Learn more about who we are, today.

See inovyn.com and ineos.com for more details.

Sir Jim Ratcliffe meets with US Ambassador

Wed, 19 Nov 2025 14:43:35 GMT

Sir Jim Ratcliffe met with US Ambassador Warren Stephens in London yesterday along with Brian Gilvary, Chairman of INEOS Energy to discuss the future of UK energy. The ambassador stressed that the US wants a strong ally in Britain and not one that is struggling with its economy and growth.

There was agreement that energy policy was important for both national security and for economic growth. And both parties were clear that the UK needed to exploit the enormously valuable North Sea basin which still holds billions of barrels of oil.

Ambassador Stephens said, “There are so many opportunities in the energy sector that could enhance our economies, make energy more secure and affordable and deepen our nations’ ties. Public and private sector must work together to create the environment needed for growth”

Sir Jim commented, “Competitive energy is a key driver for growth. Currently the UK is four times more expensive than the USA. The UK needs jobs and the economy has flat-lined. We must invest in the North Sea and not become reliant on expensive imports.”

The USA is gearing up for growth in AI which will mean a major growth in energy intensive data centres. Unfortunately the UK is very poorly positioned for such growth because of its flawed energy policy.

INEOS launches €250m investment supported by the French Government to secure the future of French industry at Lavera

Wed, 19 Nov 2025 08:00:00 GMT

INEOS launches a major investment at Lavera to regenerate and modernise one of France’s most important industrial sites, safeguarding 10,000 jobs.
The project marks the first phase of a long-term regeneration plan to reduce emissions, boost reliability, efficiency and competitiveness, with support of the French State.
INEOS maintains calls for a level playing field for European industry, warning that high energy prices and carbon costs are driving closures and putting Europe’s manufacturing base at risk.

INEOS has today announced a €250m investment programme to regenerate and modernise its cracker at Lavera as part of a bold move to secure the future of one of France’s most important industrial sites and safeguard thousands of jobs.

With backing from the French Government, and facilitated by BNP Paribas and ING, INEOS is investing in the site to improve reliability, boost efficiency and cut emissions. It marks the first phase of a wider regeneration plan designed to strengthen Lavera’s long-term competitiveness and sustainability.

Sir Jim Ratcliffe, INEOS Founder and Chairman, said: “France is showing real industrial leadership. The government understands that without a strong manufacturing base, Europe will falter. INEOS is investing in Lavera because we believe in the site, its people and its future but Europe must wake up. High energy prices, over-regulation and punitive carbon costs are destroying its industrial backbone. If politicians want jobs, investment and energy security, they must create the conditions for industry to compete. It is as simple as that!”

Sébastien Martin, Minister Delegate for Industry, said: "With this €250 million investment, INEOS reaffirms its confidence in France’s industrial sector. Thanks to the support of the State, Lavera becomes the symbol of a nation that chooses to produce, innovate, and invest on its own soil. This is how we strengthen our independence, our competitiveness, and our jobs."

The Lavera site employs around 2,000 people directly and more than 10,000 through its supply chain. It produces essential raw materials used across almost every manufacturing sector from healthcare and pharmaceuticals to aerospace, transport, food packaging, clean energy and advanced technologies.

Rob Ingram, CEO of INEOS Olefins & Polymers Europe, said: “This is a vital investment to support continued operations at Lavera, a vital part of the French and European economy. It is about safeguarding jobs, improving performance, cutting emissions. It’s a strong signal of INEOS’ commitment to France, and to keeping essential production in Europe.”

The European chemicals and polymers sector continues to face severe pressure from high energy prices which are three to four times that of China and the USA, and from carbon costs that are only paid in Europe. Multiple plants have already closed across the continent. INEOS warns that unless Europe restores competitiveness, industrial decline will accelerate.

Future phases of the Lavera regeneration programme will deliver further efficiency gains and major CO₂ reductions but will require further support from the French State to bring these plans to fruition.

The Lavera regeneration programme is a vote of confidence in France and European manufacturing – proof that with the right support, industry can thrive, decarbonise, and deliver the jobs and products Europe depends on.

ENDS

Media contacts

French Press: Marie-Pierre, Communications Manager Lavera t: +33683840398 e: marie-pierre.collin@ineos.com

Trade Press: Alistair Shaw, INEOS Olefins & Polymers Europe t: 07817458865 e: alistair.shaw@ineos.com

Regional and pan-European titles: Firstlight PR e: ineos@firstlightgroup.io / Sophie Galasinski, INEOS Group communications t: +447920364286 e: sophie.galasinski@ineos.com

Notes to Editors

About the investment

The €250m investment made by INEOS at Lavera is partially guaranteed by Bpifrance Assurance Export, a subsidiary of Bpifrance acting in the name of, on behalf of, and under the control of the French State, through the Strategic Projects Guarantee (GPS). The GPS is a state-backed loan guarantee designed to facilitate the financing of projects that are strategically important to the French economy.

About INEOS Olefins & Polymers Europe

About Bpifrance Assurance Export

Bpifrance Assurance Export is a subsidiary of Bpifrance, acting in the name of, on the behalf of, and under the control of the French State.

Bpifrance is the French national investment bank: it finances businesses – at every stage of their development – through loans, guarantees, equity investments and export insurances. Bpifrance also provides extra financial services (training, consultancy) to help entrepreneurs meet their challenges (innovation, export…).

For more information, please visit: https://assurance-export.bpifrance.fr/ Follow us on LinkedIn : Bpifrance Assurance Export LinkedIn and on X : @Bpifrance - @BpifrancePresse

INEOS annonce un investissement de 250 millions d’euros, soutenu par le gouvernement français, pour assurer l’avenir de l’industrie à Lavéra

INEOS engage un investissement majeur à Lavéra pour régénérer et moderniser l’un des sites industriels les plus importants de France, préservant ainsi 10 000 emplois.
Le projet marque la première phase d’un programme de régénération à long terme visant à réduire les émissions, à renforcer la fiabilité, l’efficacité et la compétitivité, avec le soutien de l’État français.
INEOS réitère ses appels en faveur de conditions de concurrence équitables pour l’industrie européenne, alertant sur la flambée des prix de l’énergie et l’augmentation des coûts du carbone qui entrainent des fermetures massives et mettent en péril le secteur manufacturier européen.

INEOS a annoncé aujourd’hui un programme d’investissement de 250 millions d’euros pour régénérer et moderniser son craqueur à Lavéra, dans le cadre d’une initiative audacieuse visant à assurer l’avenir de l’un des sites industriels les plus importants de France et à préserver des milliers d’emplois.

Avec le soutien du gouvernement français, et de l’appui de BNP Paribas et ING, INEOS investit dans le site afin d’améliorer la fiabilité, d’accroître l’efficacité et de réduire les émissions. Il s’agit de la première phase d’un programme de régénération plus large conçu pour renforcer la compétitivité et la durabilité à long terme du site de Lavéra.

Sir Jim Ratcliffe, fondateur et président d’INEOS, a déclaré : « La France fait preuve d’un véritable leadership industriel. Le gouvernement a bien compris que sans un secteur manufacturier solide, l’Europe vacillera. INEOS investit à Lavéra parce que nous croyons en ce site, en ses employés et en son avenir, mais l’Europe doit se réveiller. Les prix élevés de l’énergie, la surrèglementation et les coûts punitifs du carbone menacent sérieusement la compétitivité et la pérennité de l’industrie européenne. Si les responsables politiques veulent des emplois, des investissements et la sécurité énergétique, ils doivent créer les conditions nécessaires à la compétitivité de l’industrie. C’est aussi simple que cela ! »

Sébastien Martin, Ministre délégué à l’Industrie, a déclaré : « Avec cet investissement de 250 millions d’euros, INEOS réaffirme sa confiance dans la France industrielle. Grâce au soutien de l’État, Lavéra devient le symbole d’une nation qui choisit de produire, d’innover et d’investir sur son sol. C’est ainsi que nous renforçons notre indépendance, notre compétitivité et nos emplois. »

Le site de Lavéra emploie directement environ 2 000 personnes et plus de 10 000 par le biais de sa chaîne d’approvisionnement. Il produit des matières premières essentielles utilisées dans presque tous les secteurs de fabrication, de la santé et des produits pharmaceutiques à l’aérospatiale, au transport, à l’emballage alimentaire, aux énergies propres et aux technologies de pointe.

Rob Ingram, PDG d’INEOS Olefins & Polymers Europe, a déclaré : « Il s’agit d’un investissement vital pour soutenir la poursuite des activités du site de Lavéra, un élément vital de l’économie française et européenne. Il s’agit de préserver les emplois, d’améliorer la performance, de réduire les émissions. C’est un signal fort de l’engagement d’INEOS envers la France et le maintien de la production essentielle en Europe.

Le secteur européen de la chimie et des polymères continue de faire face à une forte pression due aux prix élevés de l’énergie, trois à quatre fois supérieurs à ceux de la Chine et des États-Unis, et aux coûts du carbone qui ne sont payés qu’en Europe. Plusieurs usines ont déjà fermé leurs portes sur le continent. INEOS avertit que, à moins que l’Europe ne rétablisse sa compétitivité, le déclin industriel s’accélérera.

Les phases futures du programme de modernisation de Lavéra permettront de réaliser de nouveaux gains d’efficacité et des réductions majeures de CO₂, mais nécessiteront un soutien supplémentaire de l’État français pour mener à bien ces plans.

Le programme de régénération de Lavéra est un vote de confiance dans l’industrie française et européenne, la preuve qu’avec un soutien adéquat, l’industrie peut prospérer, se décarboner et créer les emplois et les produits dont l’Europe dépend.

FIN

Contact Medias

Presse en France : Marie-Pierre Collin, Site de Lavéra - Tél. : +33683840398 - E-mail : marie-pierre.collin@petroineos.com

Presse spécialisée : Alistair Shaw, INEOS Olefins & Polymers Europe - Tél. : 07817458865 - E-mail : alistair.shaw@ineos.com

Media régionaux et paneuropéens : Agence Firstlight - E-mail : ineos@firstlightgroup.io / Sophie Galasinski, INEOS communication Groupe - Tél. : +447920364286 E-mail : sophie.galasinski@ineos.com

Notes aux rédacteurs

À propos de l'investissement

L'investissement de 250 millions d'euros réalisé par INEOS à Lavera est partiellement garanti par Bpifrance Assurance Export, une filiale de Bpifrance agissant au nom, pour le compte et sous le contrôle de l'État français, par le biais de la Garantie des Projets Stratégiques (GPS). La GPS est une garantie de prêt soutenue par l'État et destinée à faciliter le financement de projets stratégiques pour l'économie française.

À propos d’INEOS Olefins & Polymers Europe

À propos de Bpifrance Assurance Export

Bpifrance Assurance Export est une filiale de Bpifrance, agissant au nom, pour le compte et sous le contrôle de l'État français.

Bpifrance est la banque nationale d'investissement française : elle finance les entreprises, à chaque étape de leur développement, par le biais de prêts, de garanties, de prises de participation et d'assurances à l'exportation. Bpifrance propose également des services extra-financiers (formation, conseil) pour aider les entrepreneurs à relever leurs défis (innovation, exportation, etc.).

Pour plus d'informations, rendez-vous sur : https://assurance-export.bpifrance.fr/ Suivez-nous sur LinkedIn : Bpifrance Assurance Export LinkedIn et sur X : @Bpifrance - @BpifrancePresse

Europe’s industry drowns as Brussels lets a tidal wave of carbon-heavy imports flood in.

Mon, 10 Nov 2025 18:28:31 GMT

Dutch French German

INEOS warns of “industrial self-harm” as Brussels’ weak trade defences allow a flood of low-cost, high-carbon imports threatening thousands of European manufacturing jobs, investment and sovereignty.
INEOS files and prepares 10 major anti-dumping cases to protect key essential chemicals that form the backbone of Europe’s automotive, defence, electronics, construction, packaging and pharmaceutical industries.
Calls for urgent EU action before year-end to stop the deindustrialisation of Europe and restore a level playing field against Asia, the US and the Middle East.

INEOS has today confirmed that it has filed or is in the process of filing 10 major anti-dumping cases with the European Commission. This unprecedented move is necessary to defend its sites, workers, and long-term investments, and to safeguard thousands of customers, suppliers and contractors that depend on a strong European chemical industry.

Europe’s chemical sector, the foundation of modern manufacturing is being drowned, by a tidal wave of low-cost imports from Asia, the Middle East and the United States. These products are undercutting European producers who face the world’s highest energy prices and escalating, unilateral carbon costs.

According to the European Chemical Trade association (CEFIC), imports of chemicals from China surged by 8.3% in the first half of 2025, flooding Europe with carbon-intensive products that pay a fraction of our energy costs and no carbon price at all. To compound the harm further, the latest EU-US trade deal will make the trade imbalance even worse, as Europe gives away what little protection it had left against dumped product.

The 10 INEOS cases protect strategic products including PVC, MEG, BDO, PTA, ABS Polyethylene Glycols as well as Butyl acetate and Polyolefins, that form the backbone of Europe’s automotive, defence, electronics, construction, packaging and pharmaceutical industries.

Produced across 15 INEOS sites and supporting over 5,000 direct skilled jobs, these materials are indispensable to medical devices, medicines, housing, transport and infrastructure. Without them, Europe’s manufacturing base grinds to a halt.

INEOS is also supporting its customers with a growing number of anti-dumping filings, for example PET, as unfair imports are hitting not just chemical producers but entire value chains, from raw materials through to packaging, food, and consumer goods. Many of Europe’s manufacturers are now being forced to seek trade protection for products further down the chain to survive.

The growing number of active anti-dumping and trade defence investigations in Brussels underlines the scale of the problem, as entire industries are now fighting to keep production in Europe.

Brussels has too many cases, insufficient staff and is too slow to respond!

Steve Harrington, CEO INEOS Styrolution said: “This is industrial self-harm! While the US and China protect their industries, Europe allows unfair ABS imports from South Korea and Taiwan. That puts six ABS plants and 1,000 European jobs at risk. The Commission’s own data shows injury levels up to 67%, yet Brussels proposes anti-dumping duties as low as 3.7%, which is completely ineffective. Unless Europe acts decisively, we are finished.”

Based on the European Commission’s own analysis, European ABS manufacturers are suffering losses equivalent to two-thirds (67%) of their normal profitability as a direct result of unfairly priced imports. By contrast, the 3.7% anti-dumping duty proposed by Brussels is the tariff level imposed on those imports to restore fair competition. In the case of ABS, the duty is far too low to offset the 67% harm being done. It allows foreign suppliers to continue selling at artificially low prices that European producers simply cannot match. In short, the Commission recognises the scale of the damage but refuses to apply a meaningful remedy.

With energy costs three to four times higher than in Asia or the US, and escalating carbon costs unique to Europe, chemical manufacturers are being forced to shut down while foreign competitors freely dump high-emission products into the EU market.

“BDO is vital for medicines and medical devices, yet Europe is allowing its production to be wiped out by unfair trade,” warned Andrew Brown, CEO INEOS Enterprises.“That’s not resilience that’s recklessness.”

INEOS is calling on the European Commission to strengthen its trade defences and provide the resources necessary, before year-end and act decisively to stop the deindustrialisation of Europe.

“Europe talks about autonomy, resilience and the Green Deal,” said Tom Crotty, INEOS Group Director. “But when faced with blatant product dumping, it shows weakness. Sites are closing, carbon-heavy imports are surging, and politicians are still asleep at the wheel. Unless Europe wakes up fast, it won’t just lose its chemical industry it will lose the foundation of its entire manufacturing sector.”

ENDS

Media contacts

INEOS Agency: ineos@firstlightgroup.io | +44 20 7193 9030

Richard Longden: INEOS | richard.longden@ineos.com | +41 79 962 61 23

INEOS strikes major U.S. gas deal to help keep the lights on in Europe.

Thu, 06 Nov 2025 07:43:06 GMT

New supply agreement with Kinetik will deliver enough gas to heat over 500,000 homes a year helping cut costs and strengthen energy security for Europe.
The deal strengthens Europe’s energy resilience by linking U.S. natural gas supply to European markets.
Builds on INEOS Energy’s growing global LNG and natural gas portfolio.
Agreement starting in 2027 ensures stable and competitive supply.

INEOS Energy has today signed a major long-term deal with U.S. energy company Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”), to supply natural gas to Europe from 2027, a move that will help keep Europe’s homes warm, factories running and prices competitive.

The agreement will deliver up to 0.5 MTPA of natural gas, which is enough to heat more than 500,000 homes for a year, roughly equivalent to the annual demand of a city the size of Manchester, Antwerp or Cologne.

Europe continues to face tight supplies and volatile prices following years of under-investment and policy uncertainty. INEOS Energy is taking practical steps to fix that by securing new, reliable energy flows from America.

The agreement uses a Title Transfer Facility (TTF) Netback pricing mechanism, which directly links the price of U.S. natural gas sourced from Kinetik’s infrastructure to Europe’s benchmark gas market. This tracks European market conditions while reducing exposure to supply shocks and wild price swings.

David Bucknall, CEO INEOS Energy, said: “Europe has paid a heavy price for failing to secure its own energy. We’re doing something about it. This deal will bring more U.S. gas into Europe, helping to keep the lights on, factories running and homes warm, at competitive prices. It’s good for industry, good for jobs and good for energy security.”

“This agreement with Kinetik is part of our plan to build a diverse and reliable energy portfolio. Europe needs secure supplies of gas for decades to come – this deal helps make that happen.”

Jamie Welch, President & CEO of Kinetik, said: “Kinetik’s strategic partnership with a global chemicals leader like INEOS Energy broadens and diversifies attractive natural gas pricing options for our producer customers. This arrangement exemplifies our commitment to delivering innovative and value-added solutions to producers in the Permian Basin.”

This agreement highlights both companies' commitment to ensuring continuity, competitiveness and energy security for Europe’s energy-intensive industries. By securing predictable supply, INEOS Energy and Kinetik are helping to stabilise markets, support industrial planning, and reinforce the region’s energy resilience.

ENDS

Press contacts.

INEOS PR +44 207 193 9030 ineos@firstlightgroup.io
Peter Hindsberger INEOS Energy + 45 30186697 peter.hindberger@ineos.com
Richard Longden INEOS Group +41 799 626 123 richard.longden@ineos.com

Note to editors.

The Title Transfer Facility (TTF) in the Netherlands is Europe’s main gas trading hub and sets the benchmark price for wholesale gas, much like Brent Crude does for oil. A Netback deal simply means the U.S. gas is sold at a price linked to that European benchmark, minus the cost of shipping and handling it across the Atlantic.

About INEOS Energy:

INEOS Energy is the energy division of INEOS, a global chemical and manufacturing group. INEOS Energy operates, produces, trades and supplies energy and power, with a focus on supporting the energy transition while ensuring essential supply to global customers. The business manages a diversified portfolio of energy assets across the UK, Denmark and the US, as well as global LNG and natural gas sourcing.

About Kinetik Holdings Inc.:

Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. Kinetik is headquartered in Houston and Midland, Texas. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Kinetik posts announcements, operational updates, investor information and press releases on its website, www.kinetik.com

INEOS celebrates 50 years of the Forties Pipeline System and warns Britain is squandering its energy independence

Mon, 03 Nov 2025 08:27:38 GMT

INEOS celebrates 50 years of the Forties Pipeline System, a feat of British engineering that has safely delivered over 9.6 billion barrels of oil and gas, powering the nation’s homes, transport and industries for half a century. At today’s slightly depressed oil price that would total well over half a trillion dollars of value in today’s currency. At higher prices this reaches one trillion dollars of value to the UK economy.
Since acquiring the system in 2017, INEOS has invested more than £500 million to modernise and extend its life well into the 2040s, securing one of the UK’s most critical pieces of national infrastructure.
INEOS warns that Britain’s ruinous energy policies, including a 78% tax rate, over-regulation and political hostility to oil and gas are deterring investment in the North Sea and undermining the nation’s hard-won energy independence.

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INEOS is today marking 50 years of the Forties Pipeline System (FPS), a piece of British engineering that has quietly powered the nation’s economy for half a century.

Officially opened by Her Majesty Queen Elizabeth II on 3 November 1975, the Forties Pipeline transformed the UK’s energy landscape. It took Britain from being almost entirely dependent on imported oil to becoming self-sufficient, fuelling homes, transport, and industry for generations.

Since then, the FPS has safely transported over 9.6 billion barrels of oil and gas liquids from more than 80 North Sea fields to the Kinneil Terminal at Grangemouth. At its peak, it carried around 40% of all UK oil production, providing the feedstocks for fuels, plastics, and essential materials that underpin modern life.

Today, FPS remains one of Britain’s most strategically important energy assets. It is designated as Critical National Infrastructure, supporting tens of thousands of jobs across Scotland and the wider UK, and providing the lifeblood for domestic manufacturing and historically, refining at Grangemouth.

Over the last 50 years, the UK’s North Sea oil and gas industry has contributed about half a trillion £ in taxes to the UK Treasury, but the current unfathomable Government tax policy on energy is self harming this abundant and essential energy resource. Under the Energy Profits Levy (EPL), tax rates on energy have climbed to 78%, investments are at an all-time low, and the UK is becoming increasingly reliant on expensive imports.

British politicians have placed their faith in global markets, declaring that oil and gas trade on international markets and so imports will always be available from somewhere. However, as the Treasury is discovering, the taxes from those oil and gas molecules will no longer be arriving in the Exchequer. And an increasing proportion of the billions of pounds paid out by UK consumers in annual energy bills will be flowing out of the country to support rival economies.

Since acquiring the system in 2017, INEOS has invested more than £500m to modernise, secure, and extend its life well into the 2040s and beyond. This investment ensures that the UK retains a strong and resilient energy network, capable of serving the economy for decades to come. However, an urgent change of Government policy is required to ensure this can be delivered.

Andrew Gardner, CEO INEOS FPS said: “The Forties Pipeline is a national treasure. For fifty years it has quietly done its job, safely, reliably, and efficiently, carrying the oil and gas that keeps the UK moving. We should never underestimate the value of home-grown energy. North Sea oil and gas have created enormous prosperity for Britain, and they will remain essential long beyond 2050. Even as we transition to cleaner forms of energy, we will still need reliable domestic supply to power industry, transport, and homes. The Forties Pipeline has served this country for half a century, and with continued investment and good policy, it will continue to do so for generations to come.”

The Forties Pipeline System stands as a symbol of British ingenuity, resilience, and common sense an enduring reminder that strong domestic energy keeps the lights on, supports jobs, and underpins national prosperity.

ENDS

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INEOS warns Europe is putting vital medicines at risk by allowing ‘carbon heavy’ imports from the Far East to wipe out domestic production.

Thu, 23 Oct 2025 07:00:00 GMT

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Europe is on the brink of losing one of its last sources of a chemical essential to the production of life-saving medicines.
INEOS production of BDO in Germany, which produces a vital ingredient for antibiotics, statins and vitamin B6, is being crushed by a flood of carbon heavy imports and product dumping from the Far East.
More than 200 skilled jobs are now at risk as Europe shuts down clean, efficient plants while importing chemicals made in Xinjiang.

INEOS has today announced that it’s production of BDO at Marl in Germany, vital for the production of essential pharmaceutical products, is now at risk as it is forced to compete against a flood of foreign imports, and product dumping from China.

More than 200 skilled manufacturing jobs hang in the balance, along with Europe’s ability to secure the reliable supply chains needed for essential strategic products that underpin a European standard of living.

BDO (1,4-Butanediol) is a critical chemical intermediate used in the production of medicines, such as antibiotics, antiretrovirals, statins and Vitamin B6.

European production is collapsing. The market is now dominated by imports from Xinjiang in China. These imports are made using energy from coal, then shipped halfway around the world and dumped in Europe at dirt-cheap, rock-bottom prices. Their carbon footprint is enormous before they even reach European shores.

INEOS operates one of the cleanest, lowest-carbon BDO plants in the world. Despite that it has to suffer sky high European carbon taxes, which no one else in the world has to pay.

Without urgent support from Government and the EU Commission to block unfair imports, this site and its 200 jobs has no future. Once gone, the capacity to manufacture critical pharmaceutical products in Europe will disappear, leaving patients reliant on unreliable foreign supply chains of unknown quality. In the worst case, life-saving medicines could simply become unavailable.

Andrew Brown CEO INEOS Enterprises said, "Urgent action is needed. Whilst China and the US defend and subsidise their industries, Europe buries its own with sky-high energy costs, carbon taxes and suffocating bureaucracy. Europe cannot compete against state-backed imports without swift, strong, trade barriers."

"This is not a single product issue. Steps are necessary to defend the entire supply chain; these must be ambitious, unbureaucratic and taken quickly. Failure to act will destroy Europe’s ability to produce many of its own medicines, putting basic healthcare at risk."

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INEOS celebrates 50 years of the Forties Pipeline System and warns Britain is squandering its energy independence

INEOS warns Europe is putting vital medicines at risk by allowing ‘carbon heavy’ imports from the Far East to wipe out domestic production.

INEOS obtient une subvention de 300 millions d'euros du gouvernement français pour moderniser et décarboner son site de Lavéra, et réduire les émissions de CO₂de 331 000 tonnes par an.