8 May 2014
Details
Solvay and INEOS have today obtained
European Commission clearance
for their proposed 50/50 chlorvinyls Joint Venture.
Commission clearance is subject to
implementation of an agreed remedy package
comprising divestment of
the following INEOS owned assets:
- the membrane chlorine plant and
EDC/ VCM plants at Tessenderlo, Belgium - the PVC plant at Mazingarbe, France
- the PVC plant at Beek, the Netherlands
- the PVC and VCM plants at
Wilhelmshaven, Germany - the EDC plants at Runcorn, UK
In addition, the Commission requires
the membrane chlorine plant at Runcorn
to be placed in a Joint Venture between
the INEOS/ Solvay Joint Venture and
the new owner of the aforementioned plants.
The required remedy package must be
implemented before
the Joint Venture can be formed.
INEOS and Solvay will continue to run
their businesses separately
until completion of the transaction,
which is expected in Q4 2014.
