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INEOS to sell two HDPE plants

May 14/2012

(ineos) -- INEOS Europe confirmed that it is considering strategic options for the future of its HDPE businesses at Rosignano and Sarralbe, including a divestment to interested third parties. The decision follows a recent strategy review of INEOS O&P Europe.

Rosignano (Italy) and Sarralbe (France) have been a part of INEOS since December 2005, when the company acquired the Innovene business from BP. Since that time INEOS Olefins & Polymers Europe has significantly improved the performance such that today both sites are highly "cycle-resistant" producing a sophisticated range of differentiated polymers with top quartile SHE, reliability and cost leadership of both sites. Today, both sites are profitable and cash generative.

INEOS Olefins & Polymers Europe plans to focus on the growth of its assets that are highly integrated upstream and downstream. Rosignano and Sarralbe are not integrated with INEOS feedstocks and hence are being considered for divestment; however, both have the potential to grow further in response to the increasing demand from the market for their differentiated products.



mrcplast.com
Author:Anna Larionova
Tags:PE, HDPE, Ineos Polyolefins.
Category:General News
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