INEOS Acetyls has started a feasibility study into a World scale Acetic Acid plant and derivatives on the USA gulf coast and is reviewing several high-quality locations.
David Brooks, CEO INEOS Acetyls said “The gulf coast is a location well known to the INEOS group where we already have a significant presence. With its abundance of competitively priced feedstocks, the area offers a competitive advantage to support the continued global growth and customer demand for Acetyl products”
FID is expected before the end of 2023. The project will be underpinned by INEOS proprietary technology and will take advantage of the latest carbon efficient processes.
As part of the strategic review INEOS will not proceed at present with the previously announced VAM plant in the UK given the volatile and uncompetitive energy costs outlook.
By Ineos, Press Release
Source: Ineos.com
PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.
BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.
ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.
