INEOS announces the acquisition of the LyondellBasell Ethylene Oxide and Derivatives business and production facility at Bayport Texas for USD700 Million
08 Dec 2023
INEOS has today announced an agreement with LyondellBasell to buy its Ethylene Oxide and Derivatives business including the Bayport Underwood site, Texas. The deal includes the 420 kt Ethylene Oxide plant, the 375 kt Ethylene Glycols plant and the 165kt Glycol Ethers plant together with all associated third-party business on the site, for $700 million.