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
We are closing the chapter of the Chemicals Import Export Headquarters, and opening a new chapter under the name of Qemetica – a chemical group driving many industries on all continents. Therefore, the change of name is also accompanied by the adoption of the key goals of the business strategy for the next 6 years. – says Kamil Majczak, President of the Management Board.
In its efforts to advance chemical recycling, Neste has successfully conducted its first processing trial run with a new challenging raw material, liquefied discarded tires. In the processing run, Neste produced high-quality raw material for new plastics and chemicals.
Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.
