24 July 2013
Details
Ineos Olefins & Polymers USA and Sasol
announced today the signing of
a Memorandum of Understanding (MOU)
with the intent to form a joint venture to manufacture
high-density polyethylene (HDPE).
The envisioned facility would produce
470,000 tons per annum of bimodal HDPE
using process technology
licensed from INEOS Technologies.
The intention is to produce
limited number of grades allowing high efficiencies.
Final decision is expected to be made
in the first half of 2014
with the plant expected at the end of 2015.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
Sasol,
Andre de Ruyter,
Senior Group Executive for Global Chemicals and
North American Operations
- The partnership will leverage the expertise of
two global players in the chemical market.
- Together we are developing a world-class HDPE
which will allow us
to monetize ethylene and supply high quality products.
- The joint venture expands on our
greater North American strategy and will complement
the products produced from
the ethane cracker and derivatives project
in Southwest Louisiana.
Ineos,
Dennis Seith, CEO of Ineos Olefins & Polymers USA
- This joint venture demonstrates
INEOS's continued commitment to the HDPE market
and to grow end-user applications that benefit from
bimodal technology.
- It enables two global companies to integrate with
each partner's upstream businesses the leading
bimodal slurry technology on a world-scale asset.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
