3 June 2019
DETAILS
- INEOS signs agreement with
Saudi Aramco and Total
to build its first ever plants
in the Middle East. - The three world-scale plants will produce
the key building blocks for
* carbon fibre,
* engineering polymers
* and synthetic lubricants
that are pivotal to economic growth
in the region. - Saudi Aramco and Total are preparing
the construction of
a $5 bn petrochemical complex
(Project Amiral)
which will supply more than $4 bn
of downstream derivatives
and speciality chemicals units;
the three INEOS plants will be part of them. - Jim Ratcliffe Chairman of INEOS
“The timing is right for us to enter
this significant agreement
in Saudi Arabia
with Saudi Aramco and Total.
We are bringing
advanced downstream technology
which will add value
and create further jobs
in The Kingdom.”
____________________________________________________________________
INEOS has today announced it has signed
a Memorandum of Understanding with
Saudi Aramco and Total, France,
to build three new plants
as part of the Jubail 2 complex
in The Kingdom of Saudi Arabia.
A new state-of-the-art 425,000 tonne acrylonitrile plant,
will use INEOS’ world leading technology and catalyst.
It will be the first plant of its kind
in the Middle East when it starts up 2025.
INEOS will also build
a 400,000 tonne LinearAlphaOlefin (LAO) plant
and associated world-scale PolyAlphaOlefin (PAO).
These units will be the most energy efficient in the world
when they begin production in 2025.
The location in The Kingdom of Saudi Arabia
will give INEOS access to
competitive raw materials and energy,
with well invested infrastructure,
to better serve customers directly
in the Middle East and markets across Asia.
*******************************************
Jim Ratcliffe
Chairman of INEOS
“This is a major milestone for INEOS
that marks
our first investment in the Middle East.
The timing is right for us to enter
this significant agreement in Saudi Arabia
with Saudi Aramco and Total.
We are bringing
advanced downstream technology
which will add value and create further jobs
in The Kingdom.”
The project represents a continuation of
INEOS’ growth strategy
following the announcement of
€3bn investment into a new plant at Antwerp,
£1bn investment across the UK,
acquisitions in China and
capacity increases in the US Gulf Coast,
Alabama and Chocolate Bayou facilities.
********************************************
Paul Overment
CEO INEOS Nitriles
“Global demand for acrylonitrile
continues to grow ahead of GDP,
to meet the demand for
lighter, stronger, energy efficient materials
such as ABS, composites and carbon fibre.
This first investment in the Middle East
consolidates our position
as the market leader
and shows a clear and ongoing commitment
to meet our customers’ needs
wherever they are in the world.”
INEOS Nitriles (http://www.ineosnitriles.com) is a part of
INEOS Group Holdings S.A.
It is the world’s largest producer of Acrylonitrile and Acetonitrile
and the world’s leading supplier of nitrile-based chemicals.
The company maintains its leadership position
through its technological know-how, market access
and manufacturing capability.
INEOS technology is used by over 90%
of the world’s Acrylonitrile production units.
The business currently has sales of around $2.5 billion per annum
and employs 900 people across its manufacturing facilities in
Köln (Germany),
Seal Sands (UK),
Green Lake (Texas, USA) and
Lima (Ohio, USA).
It has a total capacity to produce around 1.7 million tonnes,
of product each year.
*******************************************
Joe Walton,
CEO INEOS Oligomers
“INEOS Oligomers is one of
the world’s leading merchant suppliers of
LAO and PAO.
The size and location of these new plants
reinforces our commitment
to keep pace with our LAO and PAO
customers’ expanding requirements globally.”
INEOS Nitriles is currently
the world’s largest producer of acrylonitrile
and acetonitrile with more than 90%
of the world’s acrylonitrile using INEOS technology.
It currently has four manufacturing plants,
two in North America (Texas & Ohio) and
two in Europe (Germany & UK).
Terminals throughout the world facilitate our sales
to customers in all regions globally.
The INEOS Nitriles plant in Green Lake Texas
is the largest and most efficient facility in the world.
INEOS Oligomers already has a worldwide network of
LAO and PAO production plants
and bulk storage locations.
The business produces a comprehensive range
of speciality and intermediate chemicals
derived from ethylene and isobutene.
INEOS Oligomers (http://www.ineosoligomers.com) produces
a comprehensive range of specialty and intermediate chemicals including
Linear Alpha Olefins,
Poly Alpha Olefins,
Polybutenes and
Specialty Oligomers.
As an industry leader, INEOS Oligomers has a strong track record
of product quality, engineering excellence, and innovation.
- The business makes four product groups:
- Linear Alpha Olefins (LAO), which are used as co-polymers
in polyethylene manufacture as well as in
surfactants, lubricants and oil drilling fluids - Polyalpha Olefins (PAO), essential in
the production of high-performance synthetic lubricants,
these products offer superior quality base oils
that continue to provide better fuel efficiency in cars, buses and trucks,
lowering carbon emissions in transportation.
A growth market is into wind turbines where these products
can extend efficiency and service life of turbine units. - Polybutene (PIB), used in lubricants, adhesives, surface coatings,
personal care products, pharmaceuticals,
stretch/cling film, sealants/caulks/putties,
rubber & polymer modification, and agriculture. - A variety of Specialty Products, such as
Isoamylene,
Cyclopentane and
Diisobutylene used in a diverse array of end applications,
such as cosmetics, refrigeration liquids and tyre production
Media contacts
Richard Longden (INEOS) +41 (0)799 626123
Andrew McLachlan (Media Zoo) +44 (0)7931 377162
Joseph Wade (Media Zoo) +44 (0)7758 074576
Chris Hall (Media Zoo) +44 (0)7739 571634
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