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8 Current news of Innovene

BP Sale of Innovene to Ineos Completed

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 ...

Ineos

INEOS to buy BP´s Innovene business for $9bn

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 ...

Ineos olefins regulatory approval

Air Liquide increases its hydrogen production capacity in France to enable Innovene to produce clean fuels

26-Sep-2005 - The production of clean fuels, with very low sulfur content, is mandated by increasingly stringent environmental regulations in Europe and the United States. Removing sulfur from fuels requires large amounts of hydrogen. In 2004, hydrogen represented approximately four billion m3 and nearly 500 ...

Air Liquide fuels hydrocarbons +2

BP, Sinopec and SPC celebrate SECCO completion

01-Jul-2005 - BP, Sinopec and Shanghai Petrochemical Company, the three parties in the SECCO joint venture, celebrated the successful construction and commissioning of the $2.7bn SECCO manufacturing site at a ceremony in Shanghai, following a decade-long collaboration. The 220-hectare SECCO facility, the ...

China joint ventures polyethylene +3

Chocolate Bayou completes successful ethylene unit expansion and turnaround

20-May-2005 - Innovene's Chocolate Bayou manufacturing site in Alvin, Texas, just south of downtown Houston, announced that it has successfully completed the expansion and turnaround of its Olefins # 1 unit. The changes were implemented to meet stricter Texas Commission on Environmental Quality (TCEQ) ...

olefins

BP and NOVA Chemicals sign binding agreements for European Styrenics Joint Venture

20-May-2005 - BP and NOVA Chemicals Corporation announced they have signed binding agreements to merge their European styrenic polymers businesses into a 50:50 Joint Venture. As previously announced in November 2004, the transaction to form the Joint Venture will be cashless. The Joint Venture will be named ...

joint ventures NOVA Chemicals olefins +1

NOVA Chemicals and Innovene announce catalyst license agreement with Westlake Petrochemicals

18-May-2005 - NOVA Chemicals International S.A. announced it has entered into a license agreement with Westlake Petrochemicals LP for NOVACAT(TM) polyethylene catalysts. NOVACAT catalysts are a series of proprietary, advanced Ziegler-Natta catalysts co-developed by NOVA Chemicals and Innovene, formerly BP ...

additives catalysts gas +7

BP announces new identity for petrochemicals company

23-Mar-2005 - BP announced that the name of its new olefins and derivatives subsidiary will be Innovene. Innovene will be formed as a separate entity within the BP Group in April, with more than $9 billion in assets and $15 billion in third-party sales globally. The new company will be headquartered in Chicago ...

olefins