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Home , INEOS, INEOS Styrolution

4 INEOS INVESTMENT 5

INVESTMENT rangemouth £350 million investment for a new, highly-efficient power station at Grangemouth in to supply power and steam to its plant, refinery and Forties Pipeline System. INEOS also planning to increase its cracker capacity INEOS has invested in some of the most to over 700,000 tonnes of . UK £1bn

INEOS plans to spend £1 billion in the ambitious projects this century. But it isn't Hull UK – despite the uncertainty surrounding £150 million investment in a new vinyl Britain’s departure from the EU. acetate monomer plant at Hull to produce Chairman said it was 300,000 tonnes of a chemical widely used business as usual as far as he was done yet. Once again, it started the year in in laminated windscreens, toughened glass, concerned. adhesives, coatings, films, textiles and carbon fibre. Once open, it will bring “It is an uncertain moment for the confident mood by announcing a production of this important raw material country,” he said. “But INEOS has back to the UK. confidence in its businesses and is committed to continue investing in Asia manufacturing and highly-skilled jobs INEOS has bought its very first mega-investment of €3 billion - the largest in the UK.” manufacturing sites in . The deal North Sea between INEOS Styrolution and French £500 million investment to extend the company Total for its two in the European for life of one of the UK’s most important production sites was finalised in February pipelines well into the 2040’s. The and could now pave the way for further 43-year-old Forties Pipeline System investments in Asia. Kevin McQuade, carries up to 600,000 barrels of crude CEO of INEOS Styrolution, says Asia is a 20 years. oil from the North Sea to the UK growing market and forecasts further mainland every day. Stenungsund investment. Historically China has INEOS Trading & Shipping due to take imported raw materials and exported the INOVYN investment in Chlor-Alkali Electrolysis over gas supply in Western Shetlands finished products. That is now changing. Conversion to Membrane Technology. INEOS investments continue to grow the north of Scotland. The world’s largest carrier will soon be shipping to China. INEOS has secured a deal with SP Chemicals to ship the gas to China business aroundthe world and this shows from the US for the first time. no sign of slowing. Marl INEOS is planning to build a world-scale plant within the Shanghai integrated Chemiepark in Marl. INEOS has opened a new office Also, a 10th furnace is being built at its plant in Shanghai so all its Chinese in Selas-Linde GmbH to improve efficiency business and sales teams can and increase production of ethylene. work from one base. Alabama INEOS Phenol is planning to expand the capacity of its plant in Alabama up to Kln 850,000 tonnes a year, Expansions of (PO) in Köln. making it the largest phenol production unit in Lavra New INOVYN Chlor-Alkali Electrolysis Cell Room. the world. INEOS Oxide has bought Wilmar’s Ningbo USA Ethoxylation plant in Lavéra, The Ningbo site will be . The deal is part of the producing 200,000 In the USA INEOS is adding capacity. Chocolate business’ growth strategy to tonnes a year of Following the start-up of its joint venture support the increasing demand polystyrene. high density plant with Bayou for . INEOS now Sasol in LaPorte, O&P USA is looking to INEOS Oligomers’ new now operates alkoxylation assets see how much more it can get out of the world-scale PAO plant at ulf coast on three integrated INEOS sites. 470,000 tonne/year plant. The company Chocolate Bayou, Texas, is has also started work on an ethylene due to become operational INEOS Oxide planning to build an expansion at Chocolate Bayou, Texas - this year. The plant will ethylene oxide and derivatives plant Europe due onstream in 2020. Oligomers is obtain its raw materials on the US Gulf Coast. is to benefit from a building the world’s largest single-train from an adjacent linear €3 billion investment which INEOS has low-viscosity PAO unit at Chocolate alpha olefin plant, which Antwerp hailed as the biggest in the European Bayou and its 420,000 tonne/ year linear has also been built. €3 billion investment. Biggest-ever made by INEOS. First chemicals industry ‘in a generation’. alpha olefin plants are due to start up cracker to be built in Europe in 20 years, at Lillo. Foshan INEOS plans to build a gas cracker to this year. A sixth alkoxylation unit now in operation with a planned Polystyrene from INEOS’ break down ethane into ethylene and 2,000-tonne expansion of ethylene oxide (EO) storage new manufacturing site in develop a dehydrogenation capacity at the Zwijndrecht site. Foshan and Ningbo will be LaPorte (PDH) unit to make propylene at its site in mostly destined for the The largest storage tank in Europe due to start Antwerp. INEOS Chairman and Founder Chinese market. INEOS O&P USA adding capacity operating this year. The tank will allow INEOS to buy at Sasol JV HDPE plant. Jim Ratcliffe said the investment would butane on the world markets as a raw material for its reverse years of decline in the European Köln facility and opens up new trading opportunities for chemicals sector. its business across Europe. INEOS Oxide also plans to make a significant investment in ethylidene norbornene (ENB) capacity, location TBC.