7 January 2016
VIEW FULL PRESENTATION, IVL ACQUIRES BP AMOCO DECATUR
DETAILS
IVL has agreed to acquire
BP Chemical’s Decatur, Alabama business
(with a total capacity of ~1.8 million tons/year)
* consisting of integrated Paraxylene and PTA manufacturing
as well as the world’s only commercial plant
* to manufacture NDC, a specialty chemical used in
performance polymers and films for application
such as smart-phone screens.
The transaction is expected to complete
in the first half of 2016 and is subject to
the usual regulatory approvals.
Aloke Lohia,
Group CEO of Indorama Ventures
“2015 was a truly transformative year for IVL
and the transactions signed up are
a game changer for the industry.
Our industry faces continually new challenges
and IVL has taken these times as an opportunity
to remain focused and surge ahead to deliver
a distinct and compelling investment platform with
* scale advantages,
* technology ownership and
* innovative products
which our customers can rely upon,
creating the IVL differentiation.”
IVL is firmly on track to fulfill on
its 2015 capital day announcement,
which was re-affirmed in its mid-year strategy review
in July 2015, to achieve
double-digit EBITDA margins and
2X core EBITDA growth
by the end of 2018 compared with 2014,
which saw a core EBITDA of $600 million.
At the same time IVL aspires to achieve
4X core EPS growth by end 2018 over 2014.
The below-mentioned transactions will be major accelerators
in IVL’s ongoing transformation, through which
we are creating significant growth and portfolio enhancement
to each of our three powerful verticals:
* PET,
* Feedstock’s and
* High Value Add (HVA) businesses
that are interlinked and are synergistic
to deliver enhanced value for all our shareholders
and our customers.
- BP Alabama, USA.
Feedstock independence and HVA growth - MicroPet, India. Core business entry
in the fastest growth market
with the largest population. - CEPSA Spain. Feedstock independence,
EU wide coverage of PET and maiden entry into
IPA, an HVA business enhancement. - Ethylene Cracker, Louisiana, USA.
Feedstock independence and leverage
on shale gas economics. - CEPSA, Canada. Feedstock independence
in North America. - Bangkok Polyester, Thailand.
Consolidation of core PET business
and supply chain integration with captive PTA. - Performance Fiber, China.
Decades of superior polyester tire cord brand
in the largest growth market for automobiles,
with supply chain economics
through captive PET polymer. - Polyplex PET, Turkey.
Consolidation of core PET business
in an emerging market and Europe,
Middle East and Africa (EMEA) wide coverage.
Further information
Office: BP press office, Houston
Phone: +1 281 366 4463
Email: uspress@bp.com
WWW.CHEMWINFO.COM BY KHUN PHICHAI
