INEOS completes the acquisition of Sasol Solvents
Following clearance from the European Commission, INEOS Enterprises has successfully completed its agreement to purchase Sasol Solvents Germany. The acquisition includes production facilities at Moers on the Lower Rhine, and Herne in Germany's industrial Ruhr district. Both sites and their products will now be integrated into the new business to be called INEOS Solvents, itself a part of INEOS Enterprises.
Ethanol and isopropyl alcohol are produced at Herne and oxygenated solvents isopropyl alcohol (IPA), secondary butyl alcohol (SBA), and methyl ethyl ketone (MEK) are produced at Moers. The Moers plant also makes plasticisers, synthetic resins and fine chemicals such as alkyl chlorides and aluminium organic compounds.
The value of the deal is not disclosed.
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