INEOS Oxide acquires ethoxylation plant
Published by Callum O'Reilly,
INEOS Oxide has announced that it has closed the acquisition of the Wilmar ethoxylation plant in Lavéra, France.
Nathalie Haeberli, Business Manager Alkoxylation, said: “This acquisition is a great fit for our alkoxylation business as we continue our growth in the European marketplace. We will now operate alkoxylation assets on three integrated INEOS sites. We look forward to adding this capacity to our network, that together with our upcoming expansion in Zwijndrecht, Antwerp, Belgium, increases our offering to the European market.”
Graham Beesley, CEO INEOS Oxide, added: “This acquisition comes at an opportune moment for INEOS’s Lavéra ethylene oxide activities following the recent decision to invest in the Lavéra site. We are confident that this enhancement to our capabilities in Lavéra will deliver for the business, noting the expertise of both the Wilmar and INEOS Oxide teams at Lavéra.”
INEOS Oxide will acquire the Lavéra ethoxylation production asset and the associated employees. The Wilmar commercial portfolio does not form part of the transaction. In parallel, INEOS and Wilmar have entered into a toll manufacturing agreement to supply ethoxylation capacity to Wilmar from across the INEOS network.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/07012019/ineos-oxide-acquires-ethoxylation-plant/
You might also like
Wood Mackenzie discusses the implications of recent OPEC+ meeting
The decision by OPEC+ to extend current production cuts, and an additional voluntary 1 million bpd reduction from Saudi Arabia in July 2023, should provide support for prices during the rest of 2023, according to Wood Mackenzie.