34 articles
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
Ineos secured €300 million in French government grants to regenerate its Lavéra cracker site, raising total investment to €550 million. The upgrades aim to create a profitable, lower-carbon facility.
Winter storms caused operational disruptions and shutdowns at key chemical facilities operated by LyondellBasell and Celanese in Texas, affecting acetyls production complexes.
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 and the UK government have pledged £150M to secure Grangemouth's future as the UK's last cracker after ExxonMobil closes Mossmorran in 2026.
Ineos invests €250M to modernize Lavéra cracker site in France with French government funding support.
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