INEOS CEO Rob Ingram warns Europe’s petrochemical sector faces an existential crisis due to high energy costs and global overcapacity, risking significant closures and reliance on imports. He urges po
INEOS CEO Rob Ingram warns Europe's petrochemical industry faces a steep decline and risks losing access to critical raw materials without urgent regulatory action. He urges political leaders to act q
Ineos plans to idle three UK acetyl plants due to high energy costs, marking the end of industrial-scale acetyl manufacturing in Europe. The shutdown affects 300 employees and halts production of key
Ineos is idling its three remaining European acetyls units in Hull due to high energy costs compared to US and China. The shutdown impacts critical material supplies including pharmaceuticals and affe
INEOS announced the startup of the EU's first full-scale carbon storage project, Greensand, in the Danish North Sea this Friday. The facility will initially store 400,000 tonnes of CO2 annually, scali
Four new M&A transactions were announced during the week ended Aug. 24, matching the prior week's volume. Year-to-date values continue to track ahead of 2025 levels despite slightly lower volumes, hig
Ineos exits its Tianjin petrochemical joint venture with Sinopec, paying $120 million over 24 months due to weak market conditions. The company derecognized a €575.7 million equity stake in a facility
INEOS Phenol postponed restarting its Antwerp phenol unit until after 2027 and delayed closing its Gladbeck plant. Decisions cite global overcapacity, weak European demand, and high energy costs hinde
Ineos Phenol postponed the restart of its Antwerp phenol plant until after 2027 citing market volatility, while extending operations at its Gladbeck site.
INEOS Energy signed an LNG supply agreement with Marubeni Corporation for Asian deliveries starting in 2029. Destinations may include Japan, South Korea, Taiwan, or China, though volume details remain
A Panama-flagged crude oil tanker managed by Eneos crossed the Strait of Hormuz carrying 1.9 million barrels of Middle Eastern crude, with an expected arrival in Japan on June 3.
INEOS Energy and Shell Offshore have partnered to explore oil and gas opportunities in the Gulf of Mexico, with INEOS acquiring a 21% working interest in specific assets near the Appomattox platform.
Eneos Holdings is the last bidder for Chevron's Asian assets, including refineries and gas stations, in a deal potentially exceeding $2 billion. Both parties aim to reach an agreement this quarter, pe
Ineos Inovenne has agreed to sell its Italian chlor-alkali operations to Esseco Industrial as part of a European strategic adjustment. The deal covers two production bases producing caustic soda and c
Ineos Inovyn agreed to sell its Italian chlor-alkali business to Esseco Industrial, expected to close in 2026 pending regulatory approval. The transaction supports Ineos's strategy to focus on core Eu
Union workers at Ineos' Ohio facility have struck over contract disputes, potentially impacting production of titanium dioxide, potassium hydroxide, and chlorine. Ineos confirms operations continue sa
INEOS warned investors that its Antwerp ethane cracker project faces delays after key modules were stranded in the Persian Gulf due to shipping disruptions. The 1.45 million ton/year ethylene plant no
Employees at an Ineos Ohio facility voted to authorize a strike ahead of their contract expiration on March 31, signaling potential operational disruptions.
Ineos Inovyn declared force majeure on supplies due to Middle East war disruptions, driving up European and Turkish PVC prices amidst rising logistics costs.
Ineos is reassessing its asset portfolio and pausing expansion financing to manage costs and cash flow amid high leverage. Potential measures include idling facilities, selling assets, and prioritizin
INEOS prioritizes cost discipline and cash conservation while reviewing its asset portfolio amid rising leverage and lower profits. Potential plant mothballing or asset sales are being considered to r
China's Ministry of Commerce added 20 Japanese entities to its export control list and scrutinized 20 others, including petrochemical major ENEOS, citing military applications. The restrictions target
Ineos Quattro forecasts a medium-term chemicals recovery despite Q4 margin pressures from soft demand and oversupply, while the aromatics segment posted an EBITDA loss.
Paul Hodges' blog post highlights a crisis in the European chemical industry following an INEOS bond price slide.
Ineos challenges the UK's net-zero strategy, citing a £7.6 trillion cost estimate and warning of reduced industrial competitiveness. Founders urge policy reforms to lower energy costs and prevent indu
Ineos executives warn that UK carbon taxes and net-zero policies are making business increasingly difficult. This follows a study estimating the total cost of achieving net-zero by 2050 at £9 trillion
Ineos CEO Ratcliffe condemned EU policies driving a catastrophic decline in European chemicals, citing 90 facility closures and 25 million tonnes of capacity loss by 2027, urging action on costs and t
Ineos swung to a net loss due to weaker sales and margins, citing price drops in European butadiene and benzene, and a 17% fall in North American O&P sales prices driven by lower PP, PE, and olefins.
Ineos Quattro identifies demand improvements in parts of the Americas and Asia, despite European and Asian margins remaining challenged by overall soft demand.
Ineos cites tariff impacts contributing to profit slumps, prompting cash conservation measures and the closure or mothballing of several European petchem plants.
ChemBrief