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INEOS to Invest in Production Units for Oxo Derivatives

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

Following the recent acquisition of Arkema’s 50 percent share of Oxochimie, INEOS Oxide has completed a strategic review of the business. It will invest in INEOS Oxide units to produce a variety of oxo chemical derivatives including 2-ethyl hexanoic acid and polyalcohols.

The site of the expansion has not yet been identified but is likely to be on a core INEOS site in Belgium, Germany or France, the company said.

Graham Beesley, CEO INEOS Oxide, commented:“This is a significant growth project for INEOS. This new range of oxo derivatives complements our existing product offering and builds on our recent acquisition of Oxochimie. INEOS Oxide is pleased with the speed at which Oxochimie has been fully integrated and we are now looking for the logical next step to grow the business.The range of products that we are moving into will complement our existing product offerings serving the coatings and lubricants markets.”

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