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Ineos Oxide to expand its Ethylene Oxide and Ethylene Oxide Derivatives capacity

March 31/2011

(INEOS) -- Ineos Oxide confirmed that it is considering plans to expand its Ethylene Oxide (EO) and Ethylene Oxide Derivatives (EOD) capacity as part of its strategy to grow its global business over the next few years. As part of its growth strategy IneosOxide business is considering an investment in the US Gulf which would incorporate EO, Glycol and EOD's, building on its existing presence and experience in this market.


Various sites are currently under consideration in the Gulf Coast area as part of the company's growth strategy. Other locations globally are also being considered and confirmation of the location of the first investment is expected later this year.


Ineos has also confirmed that the construction of its new one million tonne per annum Ethylene Terminal, at its Zwijndrecht facilities in Belgium is progressing well. Operation of the new deep-sea terminal, announced in July 2010, is expected to start in 2012, as planned.


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