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The European Commission has today unconditionally approved the acquisition by INEOS Enterprises of manufacturing plants and the associated European solvents business of Sasol Solvents Germany GmbH, one of Europe’s leading solvent manufacturers.
The acquisition comprises production facilities in Germany, based at Herne and Moers, employing around 520 people. The business provides a complementary fit with INEOS portfolio and expertise and provides opportunities to integrate into its existing manufacturing sites in Germany. INEOS Ent
INEOS Inovyn expands its PVC product range offering new solutions for carbon neutrality and circularity
The site’s location on the German-French border, only 200km from Stuttgart, gives excellent access to supply chains, automotive talent and target markets.
The deal comprises the cumene plant, producing 900,000 tonnes of product, will employ 43 people plus the phenol, acetone and alpha-Methylstyrene (AMS) business.
This is a very exciting project that includes pursuing options for alternative energy and the sustainable, lower carbon production of chemicals.
The chemical industry in Europe has been hugely important to the success of the European economy over the last century. With revenues of around one trillion euros, it is similar in size to the automotive sector. But chemicals in Europe is facing extinction. Government policies have resulted in enormously high energy prices and crippling carbon tax bills.
INEOS Styrolution introduces new extrusion ABS product
INEOS Inovyn launches two new PVC pilot plants at our Jemeppe-sur-Sambre site in Belgium, to accelerate technologies for recycling PVC which are not mechanically recyclable today.
INEOS Inovyn is the largest operator of electrolysis technology in Europe, producing 60,000 tonnes of low-carbon hydrogen annually across multiple sites.
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