MOSCOW (MRC) -- Ineos Technologies is pleased to announce that it has licensed its INEOS EPS process for the manufacture of regular and flame retardant expandable polystyrene (EPS) to EPS Qatar at a new complex to be built in the Doha region, Qatar, according to the company's press release.
The 50,000 tpa Ineos EPS plant will produce a wide range of EPS grades to cover all the applications from construction to packaging and serve the growing demand in the GCC region. The plant will feature expansion capabilities to reach 100,000 tpa in a second phase.
Peter Williams, CEO of Ineos Technologies, commented: "Ineos Technologies is proud to have been selected by EPS Qatar as its technology partner for the launching of its expandable polystyrene business. The EPS Qatar plant will be the biggest EPS unit in the MENA region."
Ihab El Zahaby, CEO of EPS Qatar, stated: "We are pleased to have selected Ineos Technologies' EPS process as an integral part of our petrochemical project. The Ineos EPS process will provide EPS Qatar with an advanced and robust EPS process with advantaged economics and broad product reach."
As MRC wrote before, in June 2013, Ineos announced its intention to close its EPS production at its Marl site in Germany, at the end of Q4 2013.
Expandable polystyrene is mainly used in the insulation of buildings.
INEOS Enterprises is a standalone business, a part of INEOS AG. INEOS Enterprises is a portfolio of ten businesses manufacturing chemical products in Northern Europe, with sales of these products to customers around the world. The Company is focused on the developing needs of customers and rapid growth through investment in new products and manufacturing facilities or by acquisition. INEOS Enterprises now employs some 800 people across sites in the UK, France, Germany.
MRC