{"id":21629,"date":"2020-07-08T08:05:04","date_gmt":"2020-07-08T06:05:04","guid":{"rendered":"https:\/\/php8.plastv.de\/?p=21629"},"modified":"2020-07-06T08:55:09","modified_gmt":"2020-07-06T06:55:09","slug":"ineos-to-acquire-bps-global-aromatics-acetyls-business","status":"publish","type":"post","link":"https:\/\/plas.tv\/?p=21629","title":{"rendered":"INEOS to acquire BP&#8217;s global aromatics &#038; acetyls business."},"content":{"rendered":"<ul>\n<li>INEOS has announced its intention to acquire BP\u2019s global Aromatics and Acetyls business for a consideration of $5 billion.<\/li>\n<li>The business consists of 15 sites across the world (5 in the Americas, 2 in Europe and 8 in Asia) as well as 10 leading joint ventures<\/li>\n<li>Aromatics provides the building blocks for the global polyester industry, key to fibres, films and packaging. Acetyls support a wide range of downstream industries in food flavouring and preservation, pharmaceuticals, paints, adhesives and packaging.<\/li>\n<li>INEOS will acquire a range of world class assets and an experienced team of people.<\/li>\n<li>The deal is a good fit with INEOS existing asset base, reintegrating the Hull site and expanding the existing INEOS footprint at Geel, Belgium.<\/li>\n<\/ul>\n<p>Sir Jim Ratcliffe, founder and chairman of INEOS says, <strong>\u201cWe are delighted to acquire these top-class businesses from BP, extending the INEOS position in global petrochemicals and providing great scope for expansion and integration with our existing business.\u201d<\/strong><\/p>\n<hr \/>\n<p>INEOS, one of the world\u2019s largest manufacturing companies, has announced its intention to purchase the global Aromatics and Acetyls businesses of BP for a consideration of $5 billion. $4 billion will be payable upon completion with the remaining $1 billion deferred until, at the latest, June 2021.<\/p>\n<p>INEOS is already one of the world\u2019s leading petrochemical companies and this acquisition will extend both the portfolio and the geographic reach of the business.\u00a0\u00a0\u00a0 The Aromatics business is a global leader in PTA (Purified Terephthalic Acid) and PX (Paraxylene) technology with 6 sites and supplies the global polyester business which includes polyester fibre, film and PET packaging.\u00a0\u00a0 The Acetyls business with 9 sites produces acetic acid and a range of derivatives supplying a wide range of downstream industries such as food, pharmaceuticals, paints, adhesives and packaging.<\/p>\n<p>Sir Jim Ratcliffe, founder and chairman of INEOS adds, <strong>\u201cThis acquisition is a logical development of our existing petrochemicals business extending our interest in acetyls and adding a world leading aromatics business supporting the global polyester industry.\u00a0\u00a0 <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>INEOS, one of the world\u2019s largest manufacturing companies, has announced its intention to purchase the global Aromatics and Acetyls businesses of BP&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7878,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,16],"tags":[],"series":[],"class_list":["post-21629","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\/21629","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=21629"}],"version-history":[{"count":1,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/21629\/revisions"}],"predecessor-version":[{"id":21630,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/posts\/21629\/revisions\/21630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=\/wp\/v2\/media\/7878"}],"wp:attachment":[{"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21629"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/plas.tv\/index.php?rest_route=%2Fwp%2Fv2%2Fseries&post=21629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}