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Ineos acquires former Huntsman ethoxylation unit in France
07 January 2019IHS Markit Expert
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Ineos Oxide, an Ineos subsidiary, announced on Thursday that it
had acquired an ethoxylation plant at Lavéra, France, from
Wilmar International (Singapore). Financial terms were not
disclosed. Wilmar, an agribusiness group, acquired the Lavéra
ethoxylation plant in 2014 with the purchase of Huntsman's
Europe-based commodity surfactants business. Ineos and Wilmar have
entered into a toll-manufacturing agreement, under which Ineos will
supply ethoxylation capacity to Wilmar from across the Ineos
network. Ineos now has alkoxylation capacity at three European
sites: Cologne, Germany; Zwijndrecht, Belgium; and Lavéra.
Ineos is completing a capacity expansion at Zwijndrecht. Ineos
already operates a world-scale petrochemical complex including an
ethylene oxide (EO) feedstock plant at Lavéra. The company
announced in September 2018 that it would increase EO capacity at
Cologne, Lavéra, and Zwijndrecht. "This acquisition comes at
an opportune moment for Ineos's Lavéra EO activities following
the recent decision to invest in the Lavéra site," says Graham
Beesley, CEO of Ineos Oxide. Ineos expects EO capacity at
Lavéra to reach 270,000 metric tons/year through the
expansion. The company's website says its total alkoxylation
capacity before the Wilmar acquisition was 210,000 metric
tons/year.
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