30.04.2025 • News
Ineos and Covestro Announce Landmark LNG Deal
Ineos and Covestro announced a significant long-term agreement for the natural gas supply for up to eight years, starting in 2027.
Ineos
16.04.2025 • News
Ineos Inovyn launches 9th Global Award
The awards are designed to recognise pioneering ideas and showcase the vital role vinyl plays.
Ineos Energy Acquires Oil & Gas Assets from CNOOC
The completion of the deal marks the third major investment by Ineos Energy in the USA in the past three years. It increases Ineos' capital spending on energy assets in the USA to above $3 billion.
01.04.2025 • News
Ineos Enterprises Sells Ineos Composites to KPS for €1.7 Billion
Ineos Enterprises has completed the sale of its composites business to KPS Capital Partners, LP (“KPS”) for ~€1.7 billion.
26.02.2025 • News
European Chemical Industry Becoming Extinct
Ahead of the unveiling of the EU’s Clean Industrial Deal, Ineos Chairman and CEO, Sir Jim Ratcliffe, authored an open letter to emphasize the importance of supportive political decisions and measures for the European industry. Releasing the open letter, Ineos stated: “A year on from the signing of ‘The Antwerp Declaration for a European Industrial Deal’ we have not seen the action necessary to stem the decline of European industry. Ineos has continued to invest in Europe; however, it is now an exception in a landscape of deindustrialization and closures.” Please read the complete open letter below:
12.12.2024 • News
Greensand CCS Project Partners Take Final Investment Decision
Ineos and its partners Harbour Energy and Nordsøfonden have taken the final investment decision (FID) into the first commercial phase ‘Greensand Future’ with storage operations in a depleted oil field in the Danish North Sea set to begin at the end of 2025/early 2026.
25.10.2024 • News
Ineos Styrolution Confirms Decision to Not Restart Sarnia Site
Ineos Styrolution, a supplier of styrenics materials, recently confirmed it will not restart its styrene monomer production site in Sarnia, Ontario, Canada, which has been shut down since April 2024.
11.09.2024 • News
Denmark’s First CO2 Storage Facility Now Operational
Denmark’s North Sea subsoil now hosts a safe and efficient CO2 storage facility, thanks to Project Greensand. The 23 partners have successfully completed the pilot phase, demonstrating the project’s viability and readiness.
30.05.2024 • News
Hanwha, Ineos to Study Low-Carbon Ammonia Plant in the US
South Korean conglomerate Hanwha and Ineos Nitriles intend to collaborate in a study for a low-carbon ammonia facility with carbon sequestration in the US, with a capacity of more than 1 million tons per annum.
03.05.2024 • News
Ineos Completes Acquisition of LyondellBasell’s Ethylene Oxide & Derivatives Business
Ineos Oxide and LyondellBasell have completed the sale of LyondellBasell’s Ethylene Oxide & Derivatives (EO&D) business and associated production facilities located in Bayport, Texas to Ineos.
02.04.2024 • News
Ineos Completes Acquisition of TotalEnergies’ Petrochemical Assets at Lavera
Ineos has completed the acquisition of Naphtachimie, Gexaro and Appryl, which were 50:50 Joint Ventures between Ineos and TotalEnergies at Lavera in Southern France.
22.11.2023 • News
TotalEnergies and SABIC Consider Selling US Chemical Plant
Major French oil company TotalEnergies SE and Saudi Basic Industries Corp. (SABIC) are considering selling a jumbo US plant that produces styrene and polystyrene, used in products such as plastic packaging, disposable cups, and insulation.
21.11.2023 • News
Ineos and Sinopec Open New ABS Facility in China
Ineos Styrolution, a styrenics producer, has opened a new world-scale ABS (acrylonitrile butadiene styrene) facility located in Ningbo, China, together with its joint venture partner Sinopec. The facility has an annual nameplate capacity of 600,000 tons.
29.09.2023 • News
Ineos Acquires the Eastman Texas City Site
Petrochemicals giant Ineos has agreed to buy compatriot Eastman’s Texas City site, including the 600 kt acetic acid plant and all associated third party activities on the site, for about $500 million.
22.09.2023 • News
Ineos Acquires Eramet Titanium & Iron for €230 Million
Ineos Enterprises has announced the acquisition of Eramet Titanium & Iron (ETI) from Eramet for €230 million ($245 million). The deal was completed on Sept. 21 and takes immediate effect, following the satisfaction of regulatory approvals.
29.06.2023 • News
Ineos Charters Two LNG Carriers for Shipping US Gas
Ineos Energy, one of the newer units in Jim Ratcliffe’s growing portfolio of chemicals and related holdings, has signed dual agreements with Japanese shipbuilder Mitsui O.S.K. Lines (MOL) for two very large LNG carriers it plans to use to transport US-produced liquefied natural gas to Germany.
06.04.2023 • News
Ineos Completes Mitsui Phenols Singapore Acquisition
Ineos Phenol announces the completion of its acquisition of the entire asset base of Mitsui Phenols Singapore from Mitsui Chemicals, a leading Japanese chemicals manufacturer, for a total consideration of $330 million.
31.03.2023 • News
Agilyx and Ineos Advance Channahon PS Recycling Project
Agilyx and Ineos Styrolution are advancing work on their previously announced PS chemical recycling project in Channahon, Illinois, USA. They expect to complete engineering this year, providing the foundation for a final investment decision.
24.03.2023 • News
Cinven to Buy MBCC Admixture Assets from Sika
Private equity investor Cinven is acquiring MBCC Group’s admixture business from Swiss construction chemicals major Sika on the rebound. Earlier, the British Competition and Markets Authority (CMA) had turned thumbs down on plans to sell the business to Ineos, citing antitrust concerns.
13.03.2023 • News
Ineos and Wintershall Dea in “CCS First”
In the presence of Danish royalty, Ineos and Wintershall Dea, lead players in 23-member Project Greensand consortium, last week inaugurated what is being touted as the world’s first safe injection of carbon dioxide – into a depleted North Sea oil field operated by Ineos.
23.02.2023 • News
Ineos Acquires First-Ever US Shale Asssets
Ineos has at last clinched a deal that its founder Jim Ratcliffe has had in his sights for about a decade. The UK-steered olefins and polyolefins giant this week announced it had plunked down $1.4 billion to acquire its first US onshore oil and gas assets.
14.02.2023 • News
Ineos Secures €3.5 Billion for “Europe’s Greenest Cracker”
Ineos has announced it has secured €3.5 billion in financing for its designated Project One, which is being realized at Lillo in the Port of Antwerp, Belgium, and now expected to go on stream in 2026.
08.02.2023 • News
Lotte Ineos to Build Third VAM Plant in Korea
Lotte Ineos Chemical, a joint venture of South Korea’s Lotte Chemical and UK-managed Ineos, has announced plans to increase overall production capacity for vinyl acetate monomer (VAM) to 700,000 t/y from 450,000 t/y currently.
06.02.2023 • News
Inovyn Secures “Green” Power for Norway
Inovyn, PVC-producing subsidiary of Ineos, has inked two long-term power supply deals with Norway’s Statkraft, which claims to be Europe’s largest renewables producer. From May, Inovyn will draw 100 MW of exclusively renewable energy from Statkraft for an annual renewable energy production of 876 GWh per year and an additional 30 MW (263 GWh) from 2026.
18.01.2023 • News
Ineos to Acquire MBCC’s Admixtures Business
Ineos Enterprises has signed an agreement to buy MBCC Group’s admixture business from Sika. The deal is required by European antitrust regulators to approve Sika’s purchase of the MBCC Group, formerly BASF Construction Chemicals. The transaction is scheduled to complete in the first half of this year, subject to regulatory approvals.
08.12.2022 • News
Ineos and Sinopec Agree Fourth Venture in China
Ineos has agreed a fourth joint venture with Sinopec that will see it take a 50% share in the Tianjin Nangang project, which is currently underway and due to go on stream at the end of 2023.
05.12.2022 • News
Ineos Orders Ethane Carriers to Supply LNG
UK-steered petrochemicals giant Ineos has signed long-term charter agreements with Japan’s IINO Kaiun Kaisha line for delivery of two Very Large Ethane Carriers (VLECs) with a volume of 99,000 cbm, initially to supply liquefied natural gas (LNG) to Germany.
01.12.2022 • News
EU Fines Styrene Buyers for Cartel
The European Commission has fined five companies a total of €157 million for forming a styrene cartel that operated from May 2012 to June 2018. Affected are Sunpor, Synbra, Synthomer, Synthos and Trinseo. As the member that blew the whistle in 2017, Ineos escaped a fine.
08.11.2022 • News
Ineos and Plastic Energy in new Feedstock Recycling Pact
Ineos Olefins & Polymers Europe and Plastic Energy have signed a Memorandum of Understanding (MOU) to produce 100,000 t/y of petrochemical feedstock from recycled plastic waste.
03.11.2022 • News
Technip Wins new Contract for Ineos Cracker
Ineos has tapped Technip Energies to supply proprietary equipment for the 1.45 million t/y ethane cracker the UK group’s Olefins arm is building at Lillo in the Port of Antwerp.
27.10.2022 • News
Inovyn Rebrands, Electrifies Rafnes VCM Plant
Ineos’ vinyls business Inovyn has rebranded as Ineos Inovyn with effect from Oct. 21. At the same time, Inovyn’s hydrogen business has been renamed Ineos Hydrogen.
24.10.2022 • News
Ineos to Take Ashta Chemicals from Bigshire Mexico
Ineos Enterprises has agreed to acquire Ashta Chemicals from Bigshire Mexico for an undisclosed sum. The deal that includes a 100,000 kg/y potassium hydroxide (KOH) and a 65,000 t/y chlorine plant, is targeted to close before the end of 2022, subject to regulatory approvals.
19.10.2022 • News
Ineos to Refocus Lillo Plant on Circular Plastics
Ineos O&P Europe, the olefins and polyolefins arm of the Ineos group that steers its European business, will invest €30 million to convert existing capacity at its polyethylene plant at in Lillo in the Port of Antwerp to either monomodal or bimodal grades of high-density polyethylene (HDPE).
29.08.2022 • News
Ineos Phenol to Buy Mitsui Phenols Singapore
Ineos Phenol is paying $330 million to acquire Mitsui Phenols Singapore. With the deal, expected to close in the first quarter of 2023, subject to regulatory approval, it will add 1 million tonnes of annual capacity to its production volume. The business had sales of $750 million in 2021 and 120 employees, all of whom will transfer to the new owner.
11.08.2022 • News
Wood Wins Ineos Petchem Contract
British multinational engineering and consulting group Wood has won a contract worth more than $100 million to provide engineering and construction management services to Ineos’ proposed cracker complex in Antwerp, Belgium.
Managm. Consult. Chemicals
SKW Stickstoffwerke
Cincinnati USA Reg. Chamber
Covestro
Rystad Energy AS
TotalEnergies SE
Chemical Market Reporter
DistriConsult GmbH
Styrolution Group GmbH
Ineos
EPCA
Deloitte GmbH Wirtschaftsprüfungsgesellschaft
Camelot Management Consultants AG
Society of Chemical Industry (SCI)
Antwerp Port Authority