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INEOS announces new world scale alpha-olefins unit in the United States

July 03/2013

MOSCOW (MRC) -- INEOS plans to build a new 350,000 tpy linear alpha olefins plant in the US Gulf Coast region, the company announced at its site.

The project is targeted for completion by the end of 2016. Beyond then, it could be expanded by an additional 50%, said Bob Learman, CEO of INEOS Oligomers. Ultimately, the capacity could reach over 500,000 tpy, he added.

"INEOS Group already has a significant footprint on the GUlf so we have ready access to key resources," said Learman. "We have been working on this project for the past year and it is now ready to scale up for a new phase of activity."

The companys focus on polyethylene comonomers and polyalphaolefins and its access to cheaper ethylene makes the project a "very attractive opportunity", said Joe Walton, business director at INEOS Oligomers.

INEOS is also considering an expansion at its Joffre facility in Alberta, Canada, where it is working to raise linear alpha olefins capacity by 10%.

That project is expected to be completed by the end of the 2014 first quarter.

"The global demand for lubricants has been impacted by the current difficult conditions in both the European and Asian automotive sectors" said Walton.  "Despite this backdrop, our [poly alpha olefins] business has been quite resilient.  It will continue to benefit from lubricant reformulation activity to attain better fuel economy and to lower carbon emissions". 

"INEOS Oligomers is the worlds largest merchant supplier of PAO and our investment plans will ensure we maintain this positio," he added.

As MRC wrote before, Ineos formed PVC joint venture with Solvay. Two of European biggest chemical companies have agreed a joint venture that will create one of the world�s largest producers of PVC plastics by revenues. Solvay, the Franco-Belgian chemicals company, will pool its European business that creates chlorvinyls - the base materials for PVC plastics  with that of privately owned rival Ineos Group , in a move that will eventually result in the Anglo-Swiss company taking full control of the joint venture.

INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 15 businesses each with a major chemical company heritage. Its production network spans 51 manufacturing facilities in 11 countries throughout the world.

 

mrcplast.com
Author:Anna Larionova
Tags:PVC, propylene, styrene, ethylene, Ineos Polyolefins, Solvay.
Category:General News
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