{"id":13968,"date":"2019-06-17T09:08:44","date_gmt":"2019-06-17T07:08:44","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=13968"},"modified":"2019-06-13T15:10:47","modified_gmt":"2019-06-13T13:10:47","slug":"ineos-to-invest-2bn-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=13968","title":{"rendered":"INEOS to invest $2bn in Saudi Arabia"},"content":{"rendered":"<div class=\"article-heading\">\n<div class=\"article-meta\"><\/div>\n<\/div>\n<ul>\n<li><strong>INEOS signs agreement with Saudi Aramco and Total to build its first ever plants in the Middle East.<\/strong><\/li>\n<li><strong>The three world-scale plants will produce the key building blocks for carbon fibre, engineering polymers and synthetic lubricants that are pivotal to economic growth in the region.<\/strong><\/li>\n<li><strong>Saudi Aramco and Total are preparing the construction of a $5 bn petrochemical complex (Project Amiral) which will supply more than $4 bn of downstream derivatives and speciality chemicals units; the three INEOS plants will be part of them.<\/strong><\/li>\n<li>Jim Ratcliffe Chairman of INEOS said: <strong>\u201cThe timing is right for us to enter this significant agreement in Saudi Arabia with Saudi Aramco and Total. We are bringing advanced downstream technology which will add value and create further jobs in The Kingdom.\u201d<\/strong><\/li>\n<\/ul>\n<p>INEOS has announced it has signed a Memorandum of Understanding with Saudi Aramco and Total, France, to build three new plants as part of the Jubail 2 complex in The Kingdom of Saudi Arabia.<\/p>\n<p>A new state-of-the-art 425,000 tonne acrylonitrile plant, will use INEOS\u2019 world leading technology and catalyst. It will be the first plant of its kind in the Middle East when it starts up 2025.<\/p>\n<p>INEOS will also build a 400,000 tonne LinearAlphaOlefin (LAO) plant and associated world-scale PolyAlphaOlefin (PAO). These units will be the most energy efficient in the world when they begin production in 2025.<\/p>\n<p>The location in The Kingdom of Saudi Arabia will give INEOS access to competitive raw materials and energy, with well invested infrastructure, to better serve customers directly in the Middle East and markets across Asia.<\/p>\n<p>Jim Ratcliffe Chairman of INEOS said: <strong>\u201cThis is a major milestone for INEOS that marks our first investment in the Middle East. The timing is right for us to enter this significant agreement in Saudi Arabia with Saudi Aramco and Total. We are bringing advanced downstream technology which will add value and create further jobs in The Kingdom.\u201d<\/strong><\/p>\n<p>The project represents a continuation of INEOS\u2019 growth strategy following the announcement of \u20ac3bn investment into a new plant at Antwerp, \u00a31bn investment across the UK, acquisitions in China and capacity increases in the US Gulf Coast, Alabama and Chocolate Bayou facilities.<\/p>\n<p>Paul Overment CEO INEOS Nitriles said: <strong>\u201cGlobal demand for acrylonitrile continues to grow ahead of GDP, to meet the demand for lighter, stronger, energy efficient materials such as ABS, composites and carbon fibre. This first investment in the Middle East consolidates our position as the market leader and shows a clear and ongoing commitment to meet our customers\u2019 needs wherever they are in the world.\u201d<br \/>\n<\/strong><br \/>\nJoe Walton, CEO INEOS Oligomers said: <strong>\u201cINEOS Oligomers is one of the world\u2019s leading merchant suppliers of LAO and PAO. The size and location of these new plants reinforces our commitment to keep pace with our LAO and PAO customers\u2019 expanding requirements globally.\u201d\u00a0<\/strong><\/p>\n<p>INEOS Nitriles is currently the world\u2019s largest producer of acrylonitrile and acetonitrile with more than 90% of the world\u2019s acrylonitrile using INEOS technology. It currently has four manufacturing plants, two in North America (Texas &amp; Ohio) and two in Europe (Germany &amp; UK). Terminals throughout the world facilitate our sales to customers in all regions globally. The INEOS Nitriles plant in Green Lake Texas is the largest and most efficient facility in the world.<\/p>\n<p>INEOS Oligomers already has a worldwide network of LAO and PAO production plants and bulk storage locations. The business produces a comprehensive range of speciality and intermediate chemicals derived from ethylene and isobutene.<\/p>\n<p>Quelle: Ineos<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INEOS has announced it has signed a Memorandum of Understanding with Saudi Aramco and Total, France, to build three new plants&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,16],"tags":[],"series":[],"class_list":["post-13968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-plas-tv-meldungen-auf-der-startseite-unterhalb-slider","category-plast-tv-textmeldungen"],"_links":{"self":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/13968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13968"}],"version-history":[{"count":1,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/13968\/revisions"}],"predecessor-version":[{"id":13970,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/13968\/revisions\/13970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/media\/13969"}],"wp:attachment":[{"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13968"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=13968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}