Article**: New Chemical Materials***
On December 8, INEOS announced that it would take$700 million!Acquisition of LeanderBaselEthylene oxide and derivatives businessIncluding:It is located in Underwood, Bayport, TexasIntegrated studentsProduction base
Further expansion of ethylene oxide business
It is reported that through the acquisition of the fully integrated production base, INEOS will have access to cost-effective US energy, raw materials and logistics. The transaction includes production volumes420,000 tons of ethylene oxide plant, the output is37.50,000 tons of ethylene glycol plantand the yield is16.50,000 tons of ethylene glycol ether plant, as well as all related third-party businesses of the base.
The transaction is targeted to close in the second quarter of 2024, subject to regulatory and other third-party approvals, at which point INEOS will acquire a manufacturing site with world-class assets, leading production facilities and a successful and experienced team. Tobias Hannemann, chief executive of INEOS Oxides, said:"We are pleased to announce this strategic acquisition, a major move that will:INEOS' ethylene oxide and derivatives business expands into the United States, the world's largest market。It also complements our existing ethanolamine production facility in Plaquemine, Louisiana. Following the completion of the transaction, all existing and some off-site employees at LyondellBasel's Bayport Underwood site will be transferred to INEOS.
Ethylene oxide industry chain
Ethylene oxide (EO), also known as ethylene oxide, is an organic compound, an oxygenated derivative of hydrocarbons, and a toxic carcinogen. Because ethylene oxide has a low boiling point under atmospheric pressure, it is flammable and explosive, so it is not suitable for long-distance transportation, and there are strong geographical restrictions, so the import and export volume of ethylene oxide is very small.
About 42% of the world's ethylene oxide production capacity is concentrated in the top 10 production enterprises. Saudi Aramco is the world's largest producer of ethylene oxide, accounting for 69%, Sinopec and Shell are in second and third place, respectively.
It is understood that the ethylene oxide industry chain has the highest attention to the ethylene oxide industry chain due to its high supporting attributes, only among the relevant people within the industrial chain. Therefore, the ethylene oxide industry chain is a chemical product with high market pertinence.