19 December 2012 12:07 [Source: ICIS news]
LONDON (ICIS)--UK oil and gas giant BP has completed an agreement to supply raw materials to a UK vinyl acetate monomer (VAM) facility run by INEOS, the Switzerland-headquartered chemicals major said on Wednesday.
The agreement concerns a 300,000 tonne/year VAM plant at INEOS and BP’s joint operations in the Saltend Chemicals Park, Hull, the UK, and includes the supply of acetic acid and services, according to INEOS.
INEOS acquired the plant from BP in 2008, and uses ethylene which it gets by pipeline from its steam crackers in Grangemouth, Scotland, and acetic acid sourced from BP’s plants based at the Saltend site.
VAM produced at the plant is supplied mainly to UK manufacturing firms and the European merchant market, INEOS added.
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