42 articles
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
ICIS Europe reports on critical industry shifts, including potential US diesel export bans, rising distributor margins amid geopolitical tension, and INEOS mothballing UK acetyls units due to soaring
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 announced the closure of three major chemical plants in Hull, UK, due to energy costs being 12 times higher than in the US. This decision impacts nearly 4,000 jobs and Europe's supply of acetic
Ineos CEO Jim Ratcliffe halted production at three UK chemical plants citing prohibitive gas prices compared to US and China rivals. The decision impacts 240 direct employees and threatens 4,000 suppl
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 is idling three UK chemical plants due to soaring energy costs, impacting Europe's last world-scale acetyls units used for pharmaceuticals and construction. This decision highlights a structural
Ineos founder Sir Jim Ratcliffe criticized the UK's economic decline and tax regime, warning that failing to license new North Sea oil and gas fields could lead to winter gas shortages. He described t
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 and Recuro signed an MoU to construct a 33,000-ton/year plastic recycling facility in Norway utilizing pyrolysis technology. The project integrates recycled feedstock into ethylene production fo
INEOS and Recuro signed an MoU to build a pyrolysis-based chemical recycling plant in Norway with a 33,000-tonne annual capacity. The facility will produce chemically recycled ethylene and polyethylen
Ineos secured preliminary terms for low-carbon hydrogen supply from H2BE’s Belgian blue hydrogen project to its Project ONE steam cracker. Backed by EU and Flemish authorities, the 1 GW initiative sup
Ineos Chairman Jim Ratcliffe urged the EU to implement safeguards against Chinese petrochemical dumping, citing overcapacity and unsustainable prices driving European plant closures. He called for imm
Major US chemical firms including Ineos and Xihu Chemical are accelerating plant closures amid global oversupply and weak margins in polystyrene and PVC sectors. Analysts warn that restored shipping r
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
Ineos plans to raise €400 million via new bonds to repay loans, leveraging US feedstock access amid Iran war tensions. This financing supports operations despite European chemical industry pressures a
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.
Ineos Chairman Jim Ratcliffe supports abolishing UK carbon taxes to restore industrial competitiveness and ensure energy security. He argues energy independence and affordability must precede green tr
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
Investors warn of delays to Ineos' Project One as Iran-US conflict disrupts shipping straits. Key modules remain stranded in the Persian Gulf, impacting project timelines.
Employees at an Ineos Ohio facility voted to authorize a strike ahead of their contract expiration on March 31, signaling potential operational disruptions.
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, a petrochemicals producer, is reviewing its European asset portfolio and refinancing options amidst a market downturn. The company is prioritizing cost control and liquidity over new expansion
Ineos secured €300 million French funding to upgrade its Lavéra plant for decarbonization and sustainable feedstock processing. The initiative targets a 331,000-ton annual CO2 reduction and secures th
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
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