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Ineos offers stake in Grangemouth plant for sale

April 12/2010

April 12 (plastemart) -- In a bid to alleviate its debts, chemicals giant Ineos is considering sale of a stake in the Grangemouth petrochemical facility. Ineos had purchased the Grangemouth plant from BP in 2005. It is located in Scotland, and processes about 200,000 bpd of crude oil. Grangemouth is a moderately complex refinery equipped with both hydrocracking and catalytic cracking systems, giving it flexibility to produce gasoline and middle distillates, such as diesel, according to market demand. The plant is connected to the North Sea Forties pipeline, which delivers about 650,000-700,000 bpd of crude oil, roughly half of the UK's daily production. Morgan Stanley has a deal with Ineos for product marketing and some crude oil purchase. The news comes at a time when many European oil and chemical companies have been looking to sell domestic refineries as demand for fuels and petrochemical products has fallen more sharply in Europe than in most other parts of the world, hitting profit margins.

 

mrcplast.com

MRC Reference

Ineos is a petrochemical group.
In Russia  Ineoss interests are represented by  Ineos Polyolefins and  IneosChlorVinyls.

 

The share in the Russian market in 2008:
 PVC - 4.5%;

 polyethylene - 1.9%
 (HDPE - 2.8%, LDPE 1.2%);
 polypropylene - 1.4%
(PP-random 22.1%, PP-impact - 2.0%);
 polystyrene 0.9%.

 

Imports by polymers processing technologies:
 profile extrusion;
 pipe extrusion;
 film extrusion;  
 injection molding.


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