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20-Dec-2005 - BP announced that the sale of Innovene, its petrochemicals group, to INEOS has been completed. "The sale of Innovene has been the biggest single divestment in BP's history and with hard work on both sides we have completed it in just 10 weeks - ahead of schedule and still in 2005. This is ...
09-Nov-2005 - With another expansion of its phenol and acetone plant in Mobile, Alabama, INEOS Phenol strengthens its position in these markets. The current expansion from a most recent name plate capacity of 500 kt/a phenol to a current 540 kt/a has been realized over the past several months and is already ...
04-Nov-2005 - In May 2005, it was announced that INEOS had decided to evaluate options to divest its INEOS Silicas subsidiary. A number of interested parties made firm offers, but these fell short of the value which INEOS places on the business. Consequently, in September 2005, the evaluation process was ...
27-Oct-2005 - INEOS announced the acquisition of Innovene, BP's olefins and derivatives and refining subsidiary, for $9 bn. Following completion the combined businesses will have a turnover of more than $30bn, making the expanded INEOS group the world's 4th largest independent petrochemicals company. The ...
25-Aug-2005 - INEOS Fluor, producer of Refrigerant 134a has opened a new regional office in Monterrey, to meet the needs of its growing refrigerants business in South America. The company, which has supplied refrigerant to the automotive air conditioning sector through Quimobasicos, will serve customers in ...
29-Jun-2005 - Mit Wirkung vom 1. Juli 2005 wird der Name EVC auf INEOS geändert. Diese Namensänderung ist ein konsequenter Schritt zur vollständigen Integration in die INEOS-Gruppe. Der Prozess zur Übertragung aller Vermögenswerte und Verbindlichkeiten von EVC auf INEOS geht voran und soll in Kürze ...
29-Jun-2005 - With effect from 1 July 2005 the EVC name will be changed to the INEOS name. This name change is a logical next step to full integration with INEOS. The process to transfer the assets and liabilities of EVC to INEOS is continuing and is expected to be completed shortly. The legal entity of EVC ...
23-Jun-2005 - Cytec Industries Inc. announced that it has reached a definitive agreement to sell its Surface Specialties Amino Resins business ("SSAR") to affiliates of INEOS Group Limited ("INEOS"), for net cash consideration of EUR64 million ($78 million at 1.22$/EUR), subject to certain closing adjustments. ...
15-Jun-2005 - INEOS Group has confirmed, following a number of approaches by interested third parties, that it has decided to evaluate options to divest its INEOS Silicas subsidiary. The investment bank Morgan Stanley has been appointed to oversee the evaluation process, which is expected to take 4-5 ...
12-May-2005 - INEOS Phenol signed an EPCm contract with Jacobs België N.V., a subsidiary of Jacobs Engineering Group Inc. for the expansion of its phenol and acetone plant in the port of Antwerp. Phenol capacity will be raised from 470 kt/a to 680 kt/a. INEOS Phenol is using proprietary improvements to its ...
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