Tag Archives | INEOS

INEOS proves itself a winner through China deal

The leaders of INEOS have once again proved themselves to be clever and innovative in seizing opportunities for growth and the reshaping of their company in both oil and chemicals.  The new deal with PetroChina and parent group China National Petroleuem Corporation (CNPC) gives the company access to the all-important Chinese market. It also reduces […]

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ICIS Top 100 chemical company list reveals sales dip to below $1 trillion

Revenues for the world’s 100 biggest chemical companies fell sharply to below $1,000bn in 2009 for the first time since 2005, according to the Top 100 chemical company listing published by ICIS today. As the financial and economic crisis sent the global economy into recession, the chemical sector was hit hard, suffering a 19.7% fall […]

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INEOS terminal could allow Middle East ethylene into Europe

I’ve been writing a lot recently about the feedstock disadvantage naphtha-based European chemical producers have over Middle East and US ethane consumers. In the long term this could have a severe impact on chemical production here. So the news that INEOS is going to build a 1m tonne/year ethylene terminal at Zwijndrecht, Belgium, raises some […]

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INEOS – MOL share swap offer ends in failure

Hungary’s oil and chemical major, MOL, has been the subject of takeover rumours and bids for many years. Not so long ago there were whispers that the Russians were intent on building a stake in MOL as they sought a foothold further West. A merger with Poland’s PKN Orlen has been on the cards for at least a […]

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