Ineos: Latest News

NEOVYN™ PVC usage surges as customers take advantage of its 37% lower carbon footprint to reduce scope 3 emissions

Mon, 24 Nov 2025 07:00:00 GMT

Since 2024 NEOVYN™PVC demand has grown thirtyfold, reflecting businesses growing commitment to environmentally responsible products and lower carbon solutions.
Driven by rising demand across the construction, automotive, piping and technical textiles sectors.
By combining access to renewable and low carbon energy sources, NEOVYN™offers a significantly reduced carbon footprint that is 37% lower than the European industry average for suspension PVC.
Arnaud Valenduc, INEOS Inovyn’s Business Director, said: “Customers are increasingly looking for suppliers to reduce their scope 3 emissions and enable them to offer lower carbon applications. NEOVYN™ provides a trusted drop in solution which immediately reduces PVC greenhouse gases by 37%, demonstrating our commitment to provide market leading products.”

Launched in 2024, NEOVYN™ is now available from nearly all of INEOS Inovyn’s production sites using access to renewable energy sources, including hydroelectric power from Norway, electricity from North Sea wind turbines in Antwerp and solar energy in Jemeppe.

As a result, it provides a significantly reduced carbon footprint that is 37% lower than the European industry average for suspension PVC, reduced to 1.3 kg CO₂ per kg PVC.

The NEOVYN™ range is certified under the ISCC (International Sustainability & Carbon Certification) PLUS scheme and its greenhouse gas credentials are independently verified, providing confidence and peace of mind to our customers.

INEOS Inovyn is seeing a growing number of forward-looking companies switch their entire PVC range to NEOVYN™, allowing them to develop sustainable downstream products and reduce their scope 3 emissions.

This is especially visible in the construction sector, where PVC is often one of the key materials. Here it supports product-specific environmental declarations, helping manufacturers to meet evolving sustainability regulations and significantly lower the carbon footprint of window profiles, flooring and pipes.

NEOVYN™ is rapidly becoming the reference point for PVC. Its adoption is accelerating across key sectors - window profiles for construction, flooring in new buildings and hospitals, artificial leather for automotive interiors, and water distribution piping – replacing conventional PVC and setting a new industry standard for low-carbon solutions.

ENDS

Media Contacts

Paul.Tuohy@ineos.com +44(0) 7766 990756
maite.enfedaque@ineos.com +34 619 832299

Note to Editors

About INEOS Inovyn
INEOS Inovyn is Europe's largest producer of chlorvinyls and the global leader in speciality PVC. We deliver products that are essential for modern life, from construction and automotive, to healthcare and renewable energy. Our business is committed to play a key role in the Net Zero transition, through offering low greenhouse gas products and developing new technologies for recycling PVC.

With annual sales of €3.2 billion, INEOS Inovyn employs circa 4,200 people and has manufacturing, sales and marketing operations in 8 countries across Europe. Our portfolio consists of an extensive range of best-in-class products arranged across General Purpose Vinyls, Specialty Vinyls, Organic Chlorine Derivatives, Chlor-Alkali, Hydrogen and Performance Chemicals. INEOS Inovyn's annual commercial production volume is approximately 9 million tonnes.

We are INEOS | INEOS Group
INEOS is one of the world’s largest chemical producers and a significant player in the oil and gas market. Learn more about who we are, today.

See inovyn.com and ineos.com for more details.

Sir Jim Ratcliffe meets with US Ambassador

Wed, 19 Nov 2025 14:43:35 GMT

Sir Jim Ratcliffe met with US Ambassador Warren Stephens in London yesterday along with Brian Gilvary, Chairman of INEOS Energy to discuss the future of UK energy. The ambassador stressed that the US wants a strong ally in Britain and not one that is struggling with its economy and growth.

There was agreement that energy policy was important for both national security and for economic growth. And both parties were clear that the UK needed to exploit the enormously valuable North Sea basin which still holds billions of barrels of oil.

Ambassador Stephens said, “There are so many opportunities in the energy sector that could enhance our economies, make energy more secure and affordable and deepen our nations’ ties. Public and private sector must work together to create the environment needed for growth”

Sir Jim commented, “Competitive energy is a key driver for growth. Currently the UK is four times more expensive than the USA. The UK needs jobs and the economy has flat-lined. We must invest in the North Sea and not become reliant on expensive imports.”

The USA is gearing up for growth in AI which will mean a major growth in energy intensive data centres. Unfortunately the UK is very poorly positioned for such growth because of its flawed energy policy.

INEOS launches €250m investment supported by the French Government to secure the future of French industry at Lavera

Wed, 19 Nov 2025 08:00:00 GMT

INEOS launches a major investment at Lavera to regenerate and modernise one of France’s most important industrial sites, safeguarding 10,000 jobs.
The project marks the first phase of a long-term regeneration plan to reduce emissions, boost reliability, efficiency and competitiveness, with support of the French State.
INEOS maintains calls for a level playing field for European industry, warning that high energy prices and carbon costs are driving closures and putting Europe’s manufacturing base at risk.

INEOS has today announced a €250m investment programme to regenerate and modernise its cracker at Lavera as part of a bold move to secure the future of one of France’s most important industrial sites and safeguard thousands of jobs.

With backing from the French Government, and facilitated by BNP Paribas and ING, INEOS is investing in the site to improve reliability, boost efficiency and cut emissions. It marks the first phase of a wider regeneration plan designed to strengthen Lavera’s long-term competitiveness and sustainability.

Sir Jim Ratcliffe, INEOS Founder and Chairman, said: “France is showing real industrial leadership. The government understands that without a strong manufacturing base, Europe will falter. INEOS is investing in Lavera because we believe in the site, its people and its future but Europe must wake up. High energy prices, over-regulation and punitive carbon costs are destroying its industrial backbone. If politicians want jobs, investment and energy security, they must create the conditions for industry to compete. It is as simple as that!”

Sébastien Martin, Minister Delegate for Industry, said: "With this €250 million investment, INEOS reaffirms its confidence in France’s industrial sector. Thanks to the support of the State, Lavera becomes the symbol of a nation that chooses to produce, innovate, and invest on its own soil. This is how we strengthen our independence, our competitiveness, and our jobs."

The Lavera site employs around 2,000 people directly and more than 10,000 through its supply chain. It produces essential raw materials used across almost every manufacturing sector from healthcare and pharmaceuticals to aerospace, transport, food packaging, clean energy and advanced technologies.

Rob Ingram, CEO of INEOS Olefins & Polymers Europe, said: “This is a vital investment to support continued operations at Lavera, a vital part of the French and European economy. It is about safeguarding jobs, improving performance, cutting emissions. It’s a strong signal of INEOS’ commitment to France, and to keeping essential production in Europe.”

The European chemicals and polymers sector continues to face severe pressure from high energy prices which are three to four times that of China and the USA, and from carbon costs that are only paid in Europe. Multiple plants have already closed across the continent. INEOS warns that unless Europe restores competitiveness, industrial decline will accelerate.

Future phases of the Lavera regeneration programme will deliver further efficiency gains and major CO₂ reductions but will require further support from the French State to bring these plans to fruition.

The Lavera regeneration programme is a vote of confidence in France and European manufacturing – proof that with the right support, industry can thrive, decarbonise, and deliver the jobs and products Europe depends on.

ENDS

Media contacts

French Press: Marie-Pierre, Communications Manager Lavera t: +33683840398 e: marie-pierre.collin@ineos.com

Trade Press: Alistair Shaw, INEOS Olefins & Polymers Europe t: 07817458865 e: alistair.shaw@ineos.com

Regional and pan-European titles: Firstlight PR e: ineos@firstlightgroup.io / Sophie Galasinski, INEOS Group communications t: +447920364286 e: sophie.galasinski@ineos.com

Notes to Editors

About the investment

The €250m investment made by INEOS at Lavera is partially guaranteed by Bpifrance Assurance Export, a subsidiary of Bpifrance acting in the name of, on behalf of, and under the control of the French State, through the Strategic Projects Guarantee (GPS). The GPS is a state-backed loan guarantee designed to facilitate the financing of projects that are strategically important to the French economy.

About INEOS Olefins & Polymers Europe

INEOS Olefins & Polymers Europe has the capacity to manufacture over 8.5 million tons of chemicals and polymers at eight sites. These are used to produce a wide range of derivative products that both enable and enhance many aspects of life today. From a broad technology base, the business can produce polymers specifically tailored to provide high value solutions to customers in its chosen market sectors. In April 2024, INEOS completed the acquisition of TotalEnergies' 50% share of Naphtachimie (steam cracker), Appryl (polypropylene business), Gexaro (aromatics business) and 3TC (naphtha storage) in Lavera, France. The businesses had been joint ventures between the two companies. A number of other infrastructure assets were also acquired including part of TotalEnergies’ ethylene pipeline network in France.

About Bpifrance Assurance Export

Bpifrance Assurance Export is a subsidiary of Bpifrance, acting in the name of, on the behalf of, and under the control of the French State.

Bpifrance is the French national investment bank: it finances businesses – at every stage of their development – through loans, guarantees, equity investments and export insurances. Bpifrance also provides extra financial services (training, consultancy) to help entrepreneurs meet their challenges (innovation, export…).

For more information, please visit: https://assurance-export.bpifrance.fr/ Follow us on LinkedIn : Bpifrance Assurance Export LinkedIn and on X : @Bpifrance - @BpifrancePresse

INEOS annonce un investissement de 250 millions d’euros, soutenu par le gouvernement français, pour assurer l’avenir de l’industrie à Lavéra

INEOS engage un investissement majeur à Lavéra pour régénérer et moderniser l’un des sites industriels les plus importants de France, préservant ainsi 10 000 emplois.
Le projet marque la première phase d’un programme de régénération à long terme visant à réduire les émissions, à renforcer la fiabilité, l’efficacité et la compétitivité, avec le soutien de l’État français.
INEOS réitère ses appels en faveur de conditions de concurrence équitables pour l’industrie européenne, alertant sur la flambée des prix de l’énergie et l’augmentation des coûts du carbone qui entrainent des fermetures massives et mettent en péril le secteur manufacturier européen.

INEOS a annoncé aujourd’hui un programme d’investissement de 250 millions d’euros pour régénérer et moderniser son craqueur à Lavéra, dans le cadre d’une initiative audacieuse visant à assurer l’avenir de l’un des sites industriels les plus importants de France et à préserver des milliers d’emplois.

Avec le soutien du gouvernement français, et de l’appui de BNP Paribas et ING, INEOS investit dans le site afin d’améliorer la fiabilité, d’accroître l’efficacité et de réduire les émissions. Il s’agit de la première phase d’un programme de régénération plus large conçu pour renforcer la compétitivité et la durabilité à long terme du site de Lavéra.

Sir Jim Ratcliffe, fondateur et président d’INEOS, a déclaré : « La France fait preuve d’un véritable leadership industriel. Le gouvernement a bien compris que sans un secteur manufacturier solide, l’Europe vacillera. INEOS investit à Lavéra parce que nous croyons en ce site, en ses employés et en son avenir, mais l’Europe doit se réveiller. Les prix élevés de l’énergie, la surrèglementation et les coûts punitifs du carbone menacent sérieusement la compétitivité et la pérennité de l’industrie européenne. Si les responsables politiques veulent des emplois, des investissements et la sécurité énergétique, ils doivent créer les conditions nécessaires à la compétitivité de l’industrie. C’est aussi simple que cela ! »

Sébastien Martin, Ministre délégué à l’Industrie, a déclaré : « Avec cet investissement de 250 millions d’euros, INEOS réaffirme sa confiance dans la France industrielle. Grâce au soutien de l’État, Lavéra devient le symbole d’une nation qui choisit de produire, d’innover et d’investir sur son sol. C’est ainsi que nous renforçons notre indépendance, notre compétitivité et nos emplois. »

Le site de Lavéra emploie directement environ 2 000 personnes et plus de 10 000 par le biais de sa chaîne d’approvisionnement. Il produit des matières premières essentielles utilisées dans presque tous les secteurs de fabrication, de la santé et des produits pharmaceutiques à l’aérospatiale, au transport, à l’emballage alimentaire, aux énergies propres et aux technologies de pointe.

Rob Ingram, PDG d’INEOS Olefins & Polymers Europe, a déclaré : « Il s’agit d’un investissement vital pour soutenir la poursuite des activités du site de Lavéra, un élément vital de l’économie française et européenne. Il s’agit de préserver les emplois, d’améliorer la performance, de réduire les émissions. C’est un signal fort de l’engagement d’INEOS envers la France et le maintien de la production essentielle en Europe.

Le secteur européen de la chimie et des polymères continue de faire face à une forte pression due aux prix élevés de l’énergie, trois à quatre fois supérieurs à ceux de la Chine et des États-Unis, et aux coûts du carbone qui ne sont payés qu’en Europe. Plusieurs usines ont déjà fermé leurs portes sur le continent. INEOS avertit que, à moins que l’Europe ne rétablisse sa compétitivité, le déclin industriel s’accélérera.

Les phases futures du programme de modernisation de Lavéra permettront de réaliser de nouveaux gains d’efficacité et des réductions majeures de CO₂, mais nécessiteront un soutien supplémentaire de l’État français pour mener à bien ces plans.

Le programme de régénération de Lavéra est un vote de confiance dans l’industrie française et européenne, la preuve qu’avec un soutien adéquat, l’industrie peut prospérer, se décarboner et créer les emplois et les produits dont l’Europe dépend.

FIN

Contact Medias

Presse en France : Marie-Pierre Collin, Site de Lavéra - Tél. : +33683840398 - E-mail : marie-pierre.collin@petroineos.com

Presse spécialisée : Alistair Shaw, INEOS Olefins & Polymers Europe - Tél. : 07817458865 - E-mail : alistair.shaw@ineos.com

Media régionaux et paneuropéens : Agence Firstlight - E-mail : ineos@firstlightgroup.io / Sophie Galasinski, INEOS communication Groupe - Tél. : +447920364286 E-mail : sophie.galasinski@ineos.com

Notes aux rédacteurs

À propos de l'investissement

L'investissement de 250 millions d'euros réalisé par INEOS à Lavera est partiellement garanti par Bpifrance Assurance Export, une filiale de Bpifrance agissant au nom, pour le compte et sous le contrôle de l'État français, par le biais de la Garantie des Projets Stratégiques (GPS). La GPS est une garantie de prêt soutenue par l'État et destinée à faciliter le financement de projets stratégiques pour l'économie française.

À propos d’INEOS Olefins & Polymers Europe

INEOS Olefins & Polymers Europe dispose d’une capacité de production de plus de 8,5 millions de tonnes de produits chimiques et de polymères répartie sur huit sites. Ceux-ci sont utilisés pour fabriquer une large gamme de produits dérivés qui rendent possible et améliorent de nombreux aspects de la vie quotidienne. Grâce à une base technologique étendue, l'entreprise est en mesure de produire des polymères spécialement conçus pour offrir des solutions à forte valeur ajoutée à ses clients dans ses secteurs de marché ciblés. En avril 2024, INEOS a finalisé l'acquisition de la part de 50 % de TotalEnergies dans Naphtachimie (vapocraqueur), Appryl (activité polypropylène), Gexaro (activité aromatiques) et 3TC (stockage de naphta) à Lavéra, en France. Ces sociétés étaient auparavant exploitées en coentreprises entre les deux groupes. Plusieurs autres infrastructures ont également été acquises, notamment une partie du réseau de pipelines d’éthylène de TotalEnergies en France.

À propos de Bpifrance Assurance Export

Bpifrance Assurance Export est une filiale de Bpifrance, agissant au nom, pour le compte et sous le contrôle de l'État français.

Bpifrance est la banque nationale d'investissement française : elle finance les entreprises, à chaque étape de leur développement, par le biais de prêts, de garanties, de prises de participation et d'assurances à l'exportation. Bpifrance propose également des services extra-financiers (formation, conseil) pour aider les entrepreneurs à relever leurs défis (innovation, exportation, etc.).

Pour plus d'informations, rendez-vous sur : https://assurance-export.bpifrance.fr/ Suivez-nous sur LinkedIn : Bpifrance Assurance Export LinkedIn et sur X : @Bpifrance - @BpifrancePresse

Europe’s industry drowns as Brussels lets a tidal wave of carbon-heavy imports flood in.

Mon, 10 Nov 2025 18:28:31 GMT

Dutch French German

INEOS warns of “industrial self-harm” as Brussels’ weak trade defences allow a flood of low-cost, high-carbon imports threatening thousands of European manufacturing jobs, investment and sovereignty.
INEOS files and prepares 10 major anti-dumping cases to protect key essential chemicals that form the backbone of Europe’s automotive, defence, electronics, construction, packaging and pharmaceutical industries.
Calls for urgent EU action before year-end to stop the deindustrialisation of Europe and restore a level playing field against Asia, the US and the Middle East.

INEOS has today confirmed that it has filed or is in the process of filing 10 major anti-dumping cases with the European Commission. This unprecedented move is necessary to defend its sites, workers, and long-term investments, and to safeguard thousands of customers, suppliers and contractors that depend on a strong European chemical industry.

Europe’s chemical sector, the foundation of modern manufacturing is being drowned, by a tidal wave of low-cost imports from Asia, the Middle East and the United States. These products are undercutting European producers who face the world’s highest energy prices and escalating, unilateral carbon costs.

According to the European Chemical Trade association (CEFIC), imports of chemicals from China surged by 8.3% in the first half of 2025, flooding Europe with carbon-intensive products that pay a fraction of our energy costs and no carbon price at all. To compound the harm further, the latest EU-US trade deal will make the trade imbalance even worse, as Europe gives away what little protection it had left against dumped product.

The 10 INEOS cases protect strategic products including PVC, MEG, BDO, PTA, ABS Polyethylene Glycols as well as Butyl acetate and Polyolefins, that form the backbone of Europe’s automotive, defence, electronics, construction, packaging and pharmaceutical industries.

Produced across 15 INEOS sites and supporting over 5,000 direct skilled jobs, these materials are indispensable to medical devices, medicines, housing, transport and infrastructure. Without them, Europe’s manufacturing base grinds to a halt.

INEOS is also supporting its customers with a growing number of anti-dumping filings, for example PET, as unfair imports are hitting not just chemical producers but entire value chains, from raw materials through to packaging, food, and consumer goods. Many of Europe’s manufacturers are now being forced to seek trade protection for products further down the chain to survive.

The growing number of active anti-dumping and trade defence investigations in Brussels underlines the scale of the problem, as entire industries are now fighting to keep production in Europe.

Brussels has too many cases, insufficient staff and is too slow to respond!

Steve Harrington, CEO INEOS Styrolution said: “This is industrial self-harm! While the US and China protect their industries, Europe allows unfair ABS imports from South Korea and Taiwan. That puts six ABS plants and 1,000 European jobs at risk. The Commission’s own data shows injury levels up to 67%, yet Brussels proposes anti-dumping duties as low as 3.7%, which is completely ineffective. Unless Europe acts decisively, we are finished.”

Based on the European Commission’s own analysis, European ABS manufacturers are suffering losses equivalent to two-thirds (67%) of their normal profitability as a direct result of unfairly priced imports. By contrast, the 3.7% anti-dumping duty proposed by Brussels is the tariff level imposed on those imports to restore fair competition. In the case of ABS, the duty is far too low to offset the 67% harm being done. It allows foreign suppliers to continue selling at artificially low prices that European producers simply cannot match. In short, the Commission recognises the scale of the damage but refuses to apply a meaningful remedy.

With energy costs three to four times higher than in Asia or the US, and escalating carbon costs unique to Europe, chemical manufacturers are being forced to shut down while foreign competitors freely dump high-emission products into the EU market.

“BDO is vital for medicines and medical devices, yet Europe is allowing its production to be wiped out by unfair trade,” warned Andrew Brown, CEO INEOS Enterprises.“That’s not resilience that’s recklessness.”

INEOS is calling on the European Commission to strengthen its trade defences and provide the resources necessary, before year-end and act decisively to stop the deindustrialisation of Europe.

“Europe talks about autonomy, resilience and the Green Deal,” said Tom Crotty, INEOS Group Director. “But when faced with blatant product dumping, it shows weakness. Sites are closing, carbon-heavy imports are surging, and politicians are still asleep at the wheel. Unless Europe wakes up fast, it won’t just lose its chemical industry it will lose the foundation of its entire manufacturing sector.”

ENDS

Media contacts

INEOS Agency: ineos@firstlightgroup.io | +44 20 7193 9030

Richard Longden: INEOS | richard.longden@ineos.com | +41 79 962 61 23

INEOS strikes major U.S. gas deal to help keep the lights on in Europe.

Thu, 06 Nov 2025 07:43:06 GMT

New supply agreement with Kinetik will deliver enough gas to heat over 500,000 homes a year helping cut costs and strengthen energy security for Europe.
The deal strengthens Europe’s energy resilience by linking U.S. natural gas supply to European markets.
Builds on INEOS Energy’s growing global LNG and natural gas portfolio.
Agreement starting in 2027 ensures stable and competitive supply.

INEOS Energy has today signed a major long-term deal with U.S. energy company Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”), to supply natural gas to Europe from 2027, a move that will help keep Europe’s homes warm, factories running and prices competitive.

The agreement will deliver up to 0.5 MTPA of natural gas, which is enough to heat more than 500,000 homes for a year, roughly equivalent to the annual demand of a city the size of Manchester, Antwerp or Cologne.

Europe continues to face tight supplies and volatile prices following years of under-investment and policy uncertainty. INEOS Energy is taking practical steps to fix that by securing new, reliable energy flows from America.

The agreement uses a Title Transfer Facility (TTF) Netback pricing mechanism, which directly links the price of U.S. natural gas sourced from Kinetik’s infrastructure to Europe’s benchmark gas market. This tracks European market conditions while reducing exposure to supply shocks and wild price swings.

David Bucknall, CEO INEOS Energy, said: “Europe has paid a heavy price for failing to secure its own energy. We’re doing something about it. This deal will bring more U.S. gas into Europe, helping to keep the lights on, factories running and homes warm, at competitive prices. It’s good for industry, good for jobs and good for energy security.”

“This agreement with Kinetik is part of our plan to build a diverse and reliable energy portfolio. Europe needs secure supplies of gas for decades to come – this deal helps make that happen.”

Jamie Welch, President & CEO of Kinetik, said: “Kinetik’s strategic partnership with a global chemicals leader like INEOS Energy broadens and diversifies attractive natural gas pricing options for our producer customers. This arrangement exemplifies our commitment to delivering innovative and value-added solutions to producers in the Permian Basin.”

This agreement highlights both companies' commitment to ensuring continuity, competitiveness and energy security for Europe’s energy-intensive industries. By securing predictable supply, INEOS Energy and Kinetik are helping to stabilise markets, support industrial planning, and reinforce the region’s energy resilience.

ENDS

Press contacts.

INEOS PR +44 207 193 9030 ineos@firstlightgroup.io
Peter Hindsberger INEOS Energy + 45 30186697 peter.hindberger@ineos.com
Richard Longden INEOS Group +41 799 626 123 richard.longden@ineos.com

Note to editors.

The Title Transfer Facility (TTF) in the Netherlands is Europe’s main gas trading hub and sets the benchmark price for wholesale gas, much like Brent Crude does for oil. A Netback deal simply means the U.S. gas is sold at a price linked to that European benchmark, minus the cost of shipping and handling it across the Atlantic.

About INEOS Energy:

INEOS Energy is the energy division of INEOS, a global chemical and manufacturing group. INEOS Energy operates, produces, trades and supplies energy and power, with a focus on supporting the energy transition while ensuring essential supply to global customers. The business manages a diversified portfolio of energy assets across the UK, Denmark and the US, as well as global LNG and natural gas sourcing.

About Kinetik Holdings Inc.:

Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. Kinetik is headquartered in Houston and Midland, Texas. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Kinetik posts announcements, operational updates, investor information and press releases on its website, www.kinetik.com

INEOS celebrates 50 years of the Forties Pipeline System and warns Britain is squandering its energy independence

Mon, 03 Nov 2025 08:27:38 GMT

INEOS celebrates 50 years of the Forties Pipeline System, a feat of British engineering that has safely delivered over 9.6 billion barrels of oil and gas, powering the nation’s homes, transport and industries for half a century. At today’s slightly depressed oil price that would total well over half a trillion dollars of value in today’s currency. At higher prices this reaches one trillion dollars of value to the UK economy.
Since acquiring the system in 2017, INEOS has invested more than £500 million to modernise and extend its life well into the 2040s, securing one of the UK’s most critical pieces of national infrastructure.
INEOS warns that Britain’s ruinous energy policies, including a 78% tax rate, over-regulation and political hostility to oil and gas are deterring investment in the North Sea and undermining the nation’s hard-won energy independence.

___________________________________________________________________

INEOS is today marking 50 years of the Forties Pipeline System (FPS), a piece of British engineering that has quietly powered the nation’s economy for half a century.

Officially opened by Her Majesty Queen Elizabeth II on 3 November 1975, the Forties Pipeline transformed the UK’s energy landscape. It took Britain from being almost entirely dependent on imported oil to becoming self-sufficient, fuelling homes, transport, and industry for generations.

Since then, the FPS has safely transported over 9.6 billion barrels of oil and gas liquids from more than 80 North Sea fields to the Kinneil Terminal at Grangemouth. At its peak, it carried around 40% of all UK oil production, providing the feedstocks for fuels, plastics, and essential materials that underpin modern life.

Today, FPS remains one of Britain’s most strategically important energy assets. It is designated as Critical National Infrastructure, supporting tens of thousands of jobs across Scotland and the wider UK, and providing the lifeblood for domestic manufacturing and historically, refining at Grangemouth.

Over the last 50 years, the UK’s North Sea oil and gas industry has contributed about half a trillion £ in taxes to the UK Treasury, but the current unfathomable Government tax policy on energy is self harming this abundant and essential energy resource. Under the Energy Profits Levy (EPL), tax rates on energy have climbed to 78%, investments are at an all-time low, and the UK is becoming increasingly reliant on expensive imports.

British politicians have placed their faith in global markets, declaring that oil and gas trade on international markets and so imports will always be available from somewhere. However, as the Treasury is discovering, the taxes from those oil and gas molecules will no longer be arriving in the Exchequer. And an increasing proportion of the billions of pounds paid out by UK consumers in annual energy bills will be flowing out of the country to support rival economies.

Since acquiring the system in 2017, INEOS has invested more than £500m to modernise, secure, and extend its life well into the 2040s and beyond. This investment ensures that the UK retains a strong and resilient energy network, capable of serving the economy for decades to come. However, an urgent change of Government policy is required to ensure this can be delivered.

Andrew Gardner, CEO INEOS FPS said: “The Forties Pipeline is a national treasure. For fifty years it has quietly done its job, safely, reliably, and efficiently, carrying the oil and gas that keeps the UK moving. We should never underestimate the value of home-grown energy. North Sea oil and gas have created enormous prosperity for Britain, and they will remain essential long beyond 2050. Even as we transition to cleaner forms of energy, we will still need reliable domestic supply to power industry, transport, and homes. The Forties Pipeline has served this country for half a century, and with continued investment and good policy, it will continue to do so for generations to come.”

The Forties Pipeline System stands as a symbol of British ingenuity, resilience, and common sense an enduring reminder that strong domestic energy keeps the lights on, supports jobs, and underpins national prosperity.

ENDS

Media contacts

INEOS warns Europe is putting vital medicines at risk by allowing ‘carbon heavy’ imports from the Far East to wipe out domestic production.

Thu, 23 Oct 2025 07:00:00 GMT

Dutch French German

Europe is on the brink of losing one of its last sources of a chemical essential to the production of life-saving medicines.
INEOS production of BDO in Germany, which produces a vital ingredient for antibiotics, statins and vitamin B6, is being crushed by a flood of carbon heavy imports and product dumping from the Far East.
More than 200 skilled jobs are now at risk as Europe shuts down clean, efficient plants while importing chemicals made in Xinjiang.

INEOS has today announced that it’s production of BDO at Marl in Germany, vital for the production of essential pharmaceutical products, is now at risk as it is forced to compete against a flood of foreign imports, and product dumping from China.

More than 200 skilled manufacturing jobs hang in the balance, along with Europe’s ability to secure the reliable supply chains needed for essential strategic products that underpin a European standard of living.

BDO (1,4-Butanediol) is a critical chemical intermediate used in the production of medicines, such as antibiotics, antiretrovirals, statins and Vitamin B6.

European production is collapsing. The market is now dominated by imports from Xinjiang in China. These imports are made using energy from coal, then shipped halfway around the world and dumped in Europe at dirt-cheap, rock-bottom prices. Their carbon footprint is enormous before they even reach European shores.

INEOS operates one of the cleanest, lowest-carbon BDO plants in the world. Despite that it has to suffer sky high European carbon taxes, which no one else in the world has to pay.

Without urgent support from Government and the EU Commission to block unfair imports, this site and its 200 jobs has no future. Once gone, the capacity to manufacture critical pharmaceutical products in Europe will disappear, leaving patients reliant on unreliable foreign supply chains of unknown quality. In the worst case, life-saving medicines could simply become unavailable.

Andrew Brown CEO INEOS Enterprises said, "Urgent action is needed. Whilst China and the US defend and subsidise their industries, Europe buries its own with sky-high energy costs, carbon taxes and suffocating bureaucracy. Europe cannot compete against state-backed imports without swift, strong, trade barriers."

"This is not a single product issue. Steps are necessary to defend the entire supply chain; these must be ambitious, unbureaucratic and taken quickly. Failure to act will destroy Europe’s ability to produce many of its own medicines, putting basic healthcare at risk."

"I am calling on Europe's politicians to make an 'eleventh-hour' intervention and save the chemical industry," says INEOS boss Sir Jim Ratcliffe.

Wed, 08 Oct 2025 13:55:31 GMT

Dutch French German

Europe’s chemical industry is at a tipping point. The UK’s chemical production is already down 30%, German production is down 18% and French production is down by 12%.
21 major European chemical plants are scheduled to shut and eight out of ten of Europe’s chemical giants are not investing in the continent
According to an Oxford Economics report commissioned by INEOS around half of Europe’s ethylene production capacity will close by 2030.
Europe’s chemical industry employs 1.2 million people directly and 5 million people across the entire supply chain and all these jobs are now at risk.
Sir Jim Ratcliffe says, “I am calling on Europe’s politicians to make an eleventh-hour intervention to save the European chemical industry. We urgently need to bring the continent’s energy and carbon taxes in line with the rest of the world and challenge one-sided tariffs. If this isn’t done, there won’t be a chemical industry left to save.”

Sir Jim Ratcliffe, founder and chairman of INEOS, one of the world’s largest chemical companies, has today called on Europe’s politicians to make an eleventh- hour intervention to save the chemical industry.

In a powerful new interview, Sir Jim says the moment of reckoning has finally arrived for Europe’s chemical industry. It is at a tipping point and only urgent action can save it.

Working with Oxford Economics, Sir Jim believes that around half of Europe’s ethylene production capacity will close before 2030. Twenty-one major European chemical sites are already shutting, representing over 11 million tonnes capacity, with more to follow.

Across Europe, chemical output is plunging. UK chemical production is down 30%, German production is down 18% and French production is down 12%.

Eight of the world’s ten largest chemical companies are scaling back or withdrawing from Europe, while – in contrast - all of the USA’s top ten producers are investing and expanding.

The consequences for Europe could be devastating. Chemicals is currently the continent’s fourth most valuable business, worth 700 billion euros and employing 5 million people across the supply chain and it is all potentially threatened.

And it’s more than just jobs and investment that will disappear. Europe’s entire security would be at risk as the continent becomes dependent on imports for strategic essentials for water treatment, transport, health, medicines and even defence.

Chemicals are Europe’s fourth largest industry and form the backbone of its economy. They are also strategically vital, as virtually every manufactured product, from medicines and cars to housing and technology depends on them. Europe cannot afford to surrender this industry and risk becoming reliant on imports.

Europe’s net zero ambitions will also be damaged if its chemical industry collapses. Oxford Economics believes that if European chemicals production is replaced by imports from China and the US, carbon emission will rise and the greater distances needed to travel will further increase greenhouse gas emissions.

Astonishingly, Europe’s chemical industry is being driven out of its global markets because of its own self-imposed costs. Europe’s gas prices are four times higher than the US and, together with the continent’s high carbon taxes and US tariffs, the industry cannot compete.

It’s a very different picture in the rest of the world. All 10 of the major US chemical companies are expanding. China is growing its chemicals output at 9% a year and the Middle East is rapidly increasing capacity.

Sir Jim has a clear view as to what Europe’s politicians need to do. “We’re at the eleventh hour and there are three things that need to happen urgently. First, remove the green taxes and levies from energy costs. Second, scrap the carbon taxes. And third, give us some tariff protection. We need actions, not sympathetic words or there won’t be much of a European chemical industry left to save.”

ENDS

Reources and Video News Release

To see the supporting VNR please click this link: https://vimeo.com/1120765906/6eee71e431?share=copy
For B-Roll click this link https://f.io/myw6zV5W
For the full Oxford Economics Report on deindustrialisation of the UK and Europe click here. https://we.tl/t-qlW3ot22J2
To View the Oxford Economic Resources visit their site here: https://www.oxfordeconomics.com/resource-hub/

Media contacts

INEOS Agency: ineos@firstlightgroup.io | +44 20 7193 9030

Richard Longden, INEOS | richard.longden@ineos.com | +41 79 962 61 23

INEOS cuts 60 jobs in Hull as UK energy costs and dumped Chinese imports cripple industry

Tue, 07 Oct 2025 05:13:35 GMT

60 skilled jobs will go as anti-competitive trade practices undercut low carbon UK production
Dirt-cheap carbon-heavy imports from China, produced using coal and emitting up to eight times more CO₂ than INEOS’s UK operations, are now flooding the market
Further jobs are at risk if the UK Government and European Commission do not support tariffs to protect its industry.

INEOS has announced today that it is cutting 20% of the workforce at its Acetyls plant at Hull in the UK. 60 skilled jobs are being lost as a direct result of sky-high energy costs and anti-competitive trade practices, as importers ‘dump’ product into the UK and European markets.

Dirt-cheap carbon-heavy imports from China, produced using coal and emitting up to eight times more CO₂ than INEOS’s UK operations, are now flooding the market. These Chinese products have been blocked from entering the US by effective tariffs but face no trade barriers in the UK or Europe.

INEOS is calling on the UK Government and European Commission to introduce urgent anti-dumping tariffs on Chinese and US importers to protect the chemicals sector. The company warns that unless firm action is taken, more sites will close and thousands more jobs will be lost, not only at Hull but across the UK and European chemical industry.

David Brooks, CEO of INEOS Acetyls, said: “This is a very difficult time for everyone at the Hull facility. We have a leading-edge, efficient and well-invested site and the team here is highly skilled, professional, and dedicated. Making the decision to cut 60 roles was not taken lightly. We have explored every possible alternative but in the face of sustained pressure from energy costs, combined with unfairly low-cost imports into the UK and Europe, we’ve been left with no other choice. Our priority now is to support those affected and protect the long-term future of the site.”

This is not an isolated issue. It is part of the same structural crisis that is hitting chemicals companies across the UK and EU.

INEOS recently invested £30 million at the Hull site to switch from natural gas to hydrogen, cutting emissions by 75%, the equivalent of taking 160,000 cars off the road. Despite this major step forward for industrial decarbonisation, the company now warns that without trade defence measures, (tariffs) progress will come at the cost of British jobs.

INEOS welcomes the UK Government’s recent U-turn on its decision to penalise the Hull site under the UK Emissions Trading Scheme (ETS) but structural problems remain unresolved.

“This is a textbook case of the UK and Europe sleepwalking into deindustrialisation. INEOS has invested heavily at Hull to cut CO₂, yet we’re being undercut by China and the US while left wide open by a complete absence of tariff protection. If governments don’t act now on energy, carbon and trade, we will keep losing factories, skills and jobs. And once these plants shut, they never come back.”

INEOS is the largest producer of acetic acid, acetic anhydride, and ethyl acetate in the UK and Europe. These chemicals are essential for everything from food preservation and pharmaceuticals, including aspirin and paracetamol, to diagnostic tests, adhesives, and industrial coatings. Without them, modern life doesn’t function.

ENDS

Media contacts

INEOS Agency ineos@firstlightgroup.io
Richard Longden (Richard.longden@ineos.com) +41 7996 26123

Note to editors

About INEOS Acetyls

INEOS Acetyls is a global producer of acetic acid and a range of derivatives. It is the largest producer of acetic acid, acetic anhydride, and ethyl acetate in Europe. In the US, the INEOS Acetyls business has been a leading supplier of acetic acid and acetic anhydride to North and South America for more than 45 years. And across Asia, the business provides acetic acid and commercial services across the region. It is one of the largest acetic acid suppliers in Asia, with a strong reputation in the industry for following world-class standards of production.

About INEOS

INEOS is a global petrochemicals manufacturer, comprising 29 individual businesses. We operate 154 facilities in 27 countries throughout the world, employing 24,500 people. INEOS makes the raw materials and energy used for everyday life. Its products make an indispensable contribution to society and are essential in applications ranging from the preservation of food to the provision of clean water; from construction of wind turbines, solar panels, and other renewable technologies to the construction of lighter and more fuel-efficient vehicles and aircraft; from medical devices and pharmaceuticals to clothing and apparel. In recent years INEOS has diversified with the launch of INEOS Automotive and a sports portfolio including Manchester United, OGC Nice, Lausanne Sport football clubs, as well as Mercedes AMG Petronas Formula 1 and the INEOS Grenadiers cycling team.

INEOS to close two Rheinberg plants as Europe’s chemical industry hits breaking point

Mon, 06 Oct 2025 06:46:27 GMT

See German translation below

INEOS has today confirmed the intention to shut two production units in Rheinberg, Germany. The closures are the direct result of crippling energy and carbon costs, and a lack of tariff protection.
175 jobs will be affected by the closure of these strategically important units, based in the heartland of the European chemicals sector.
Stephen Dossett, CEO of INEOS Inovyn, said: “Europe is committing industrial suicide. While competitors in the US and China benefit from cheap energy, European producers are being priced out by our own policies and absence of tariff protection.
Unlike the US, which has imposed strong tariffs to block the flood of cheap chemicals from Asia, many made using discounted Russian oil & gas, Europe continues to leave its markets wide open.

_______________________________________________________________________

INEOS has today confirmed its intention to shut two production units in Rheinberg, Germany, with the loss of 175 jobs. The proposed closures are the direct result of crippling energy and carbon costs, and a lack of tariff protection.

The intention to close, which has been shared with employees, reflects a deepening crisis across Europe’s chemical sector.

Stephen Dossett, CEO of INEOS Inovyn, said: “Europe is committing industrial suicide. While competitors in the US and China benefit from cheap energy, European producers are being priced out by our own policies and absence of tariff protection. Meanwhile, high-emission imports flood our market unchecked. It’s completely unsustainable and if not immediately addressed will lead to further closures, job losses and increased dependency on other regions for essential materials.”

Both plants produce essential chemicals. The Allylics unit makes the key ingredient for epoxy resins vital in defence, aerospace, cars and renewable energy infrastructure. The electro chemical facility produces chlorine crucial for clean water, medicines, industrial processes and sanitation.

These closures are part of a wider trend as Europe’s competitiveness collapses. Since 2019, output in Germany has dropped by 18%, driving job losses and reduced investment. INEOS has closed plants in Grangemouth (UK), Geel (Belgium). It is closing Gladbeck (Germany), and has mothballed assets in Tavaux (France) and Martorell (Spain).

“We’ve reached the point where well invested, efficient European plants are closing, while global emissions rise,” Dossett said. “It’s not just economic madness. It’s environmental hypocrisy.”

INEOS will now focus on preserving its remaining PVC operations in Rheinberg to support around 300 skilled jobs. This requires urgent state support to help cover significant local transitioning costs.

The business deeply regrets the decision to close Rheinberg’s cell rooms and Allylics operations and is conscious of the impact it will have on staff and wider German supply chain.

“INEOS Inovyn will work closely with partners and employees to minimise the impact.” said Dossett “We are doing everything we can to protect what is still viable, but we can’t do it alone. If governments want to keep strategic manufacturing in Europe, they must help manage this transition and restore competitiveness.”

INEOS firmly criticised the EU’s absence of tariff protection. While the US has introduced strong tariffs, effectively blocking the oversupply of commodity chemicals from Korea, Taiwan, and China, some based on cheap Russian feedstocks, Europe opens its doors to displaced local production.

ENDS

Media Contacts

Paul.Tuohy@ineos.com +44(0) 7766 990756
INEOS Agency: ineos@firstlightgroup.io | +44 20 7193 9030

Note to Editors

We are INEOS | INEOS Group
INEOS is one of the world’s largest chemical producers and a significant player in the oil and gas market. Learn more about who we are, today.

See inovyn.com and ineos.com for more details.

INEOS schließt aufgrund der schwierigen Lage der Chemieindustrie in Europa zwei Betriebe in Rheinberg

· INEOS hat heute die Absicht bestätigt, zwei Produktionsstätten im deutschen Rheinberg zu schließen. Die Schließungen sind eine direkte Folge der hohen Energie- und CO₂-Kosten sowie des fehlenden Zollschutzes.

· 175 Stellen werden von der Schließung dieser strategisch wichtigen Stätten im Herzen des europäischen Chemiesektors betroffen sein.

· Stephen Dossett, CEO von INEOS Inovyn, sagte dazu: „Europa würgt seine Industrie ab. Während die Konkurrenz in den USA und China von billiger Energie profitiert, werden die europäischen Hersteller durch unsere eigene Politik und das Fehlen eines Zollschutzes vom Markt verdrängt.

· Anders als die USA, die hohe Zölle eingeführt haben, um die Flut billiger Chemikalien aus Asien, von denen viele mit vergünstigtem Öl und Gas aus Russland hergestellt werden, einzudämmen, lässt Europa seine Märkte nach wie vor weit offen.

_______________________________________________________________________

INEOS hat heute seine Absicht bestätigt, zwei Produktionsstätten im deutschen Rheinberg zu schließen, was mit dem Verlust von 175 Stellen einhergeht. Die beabsichtigten Schließungen sind eine direkte Folge der erdrückend hohen Energie- und CO₂-Kosten und des fehlenden Zollschutzes.

Die Schließung, über die die Mitarbeiter bereits informiert wurden, reflektiert die sich verschärfende Krise im gesamten europäischen Chemiesektor.

Stephen Dossett, CEO von INEOS Inovyn, dazu: „Europa würgt seine Industrie ab. Während die Konkurrenz in den USA und China von billiger Energie profitiert, werden die europäischen Hersteller durch unsere eigene Politik und das Fehlen eines Zollschutzes vom Markt verdrängt. Unterdessen wird unser Markt ungehindert von emissionsreichen Importen überschwemmt. Das ist völlig untragbar und wird zu weiteren Schließungen, Arbeitsplatzverlusten und einer höheren Abhängigkeit von anderen Regionen bei wichtigen Rohstoffen führen, wenn nicht sofort Abhilfe geschaffen wird.“

Beide Werke produzieren Chemikalien, die von größter Bedeutung sind. Die Allylics-Anlage stellt den wichtigsten Bestandteil von Epoxidharzen her, die in den Bereichen Verteidigung, Luft- und Raumfahrt, Automobilindustrie und für die Infrastruktur für erneuerbare Energien unverzichtbar sind. Die elektrochemische Anlage produziert Chlor, das für sauberes Wasser, Medikamente, industrielle Prozesse und die Abwasserentsorgung von wesentlicher Bedeutung ist.

Diese Schließungen sind ein Teil eines größeren Trends, da Europas Wettbewerbsfähigkeit einbricht. Seit 2019 ist die Produktion in Deutschland um 18 % zurückgegangen, wodurch Arbeitsplätze verlorengehen und immer weniger investiert wird. INEOS hat Werke im britischen Grangemouth und im belgischen Geel geschlossen. Zudem schließt es das Werk in Gladbeck und hat Anlagen im französischen Tavaux und im spanischen Martorell stillgelegt.

„Wir sind an einem Punkt angelangt, an dem gut ausgestattete, effiziente europäische Werke schließen, während die Emissionen weltweit steigen“, so Dossett. „Dies ist nicht nur wirtschaftlicher Irrsinn. Das ist ökologische Heuchelei.“

INEOS wird sich jetzt darauf konzentrieren, seine übrigen PVC-Betriebe in Rheinberg zu erhalten, um die Arbeitsplätze von 300 gut ausgebildeten Mitarbeitern zu sichern. Wegen der beträchtlichen örtlichen Umstellungskosten ist die Unterstützung des Staats unabdingbar.

Das Unternehmen bedauert zutiefst die Entscheidung, die Zellensäle in Rheinberg und Allylics-Betriebsbereiche zu schließen, und ist sich der Auswirkungen bewusst, die dies auf die Mitarbeiter und die deutsche Lieferkette insgesamt haben wird.

„INEOS Inovyn wird eng mit Partnern und Mitarbeitern zusammenarbeiten, um die Auswirkungen zu minimieren“, sagte Dosset. „Wir tun alles, was wir können, um das zu schützen, was noch machbar ist, wir können dies aber nicht allein. Wenn die Regierungen die strategische Produktion in Europa halten möchten, müssen sie helfen, diesen Übergang zu leiten und die Wettbewerbsfähigkeit wieder herzustellen.“

INEOS kritisiert das Fehlen eines Zollschutzes der EU scharf. Während die USA hohe Zölle eingeführt haben, um das Überangebot an chemischen Rohstoffen aus Korea, Taiwan und China wirksam einzudämmen, die teilweise auf billigen russischen Rohstoffen basieren, öffnet Europa seine Türen, so dass die örtliche Produktion verdrängt werden kann.

ENDE

Ansprechpartner für Medienanfragen

Paul.Tuohy@ineos.com +44(0) 7766 990756

Hinweise an Redakteure

Über INEOS Inovyn

INEOS Inovyn ist Europas größter Hersteller von Vinylchloriden und weltweit führend im Bereich Spezial-PVC. Wir liefern Produkte, die für das heutige Leben unverzichtbar sind, vom Bauwesen und der Automobilindustrie bis hin zum Gesundheitswesen und zu den erneuerbaren Energien. Unser Unternehmen engagiert sich dafür, eine Schlüsselrolle beim Übergang zur Netto-Null-Emissionswirtschaft zu übernehmen, indem es Produkte mit geringem Treibhausgasausstoß produziert und neue Technologien für das Recycling von PVC entwickelt.

INEOS erzielt einen Jahresumsatz von 3,2 Mrd. Euro, hat etwa 4.200 Mitarbeiter und Produktions-, Vertriebs- und Marketingbetriebe in 8 Ländern Europas. Unser Portfolio umfasst eine umfangreiche Palette erstklassiger Produkte aus den Bereichen Allzweckvinyl, Spezialvinyl, organische Chlorverbindungen, Chloralkali, Wasserstoff und Spezialchemikalien. Die jährliche wirtschaftliche Produktionsmenge von INEOS Innovyn beträgt etwa 9 Millionen Tonnen.

Wird sind INEOS | Die INEOS-Unternehmensgruppe

INEOS ist einer der größten Chemiehersteller der Welt und ein bedeutender Akteur im Öl- und Gasmarkt. Erfahren Sie mehr über unser heutiges Unternehmen.

Mehr Informationen finden Sie auf inovyn.com und ineos.com.

INEOS announces closing of offering of Senior Secured Notes due 2031

Fri, 26 Sep 2025 07:29:47 GMT

INEOS Holdings Limited today announced that its indirect wholly owned subsidiary, INEOS Finance plc (the “Issuer”), has completed its previously announced offering (the “Offering”) of €800 million aggregate principal amount of 7¼% senior secured notes due 2031 (the “Notes”). The Issuer intends to use the proceeds from the Offering (i) for general corporate purposes, including to partially prefund the remaining expenditure of Project ONE (being the INEOS Group’s major capital investment in Antwerp, Belgium, which was announced on January 14, 2019, and expected to start up in early 2027) and (ii) to pay transaction fees and expenses (collectively, the “Transactions”).

Contact

For further information, please contact:
Richard Longden: +41 (0) 799 626 123

Cautionary Statement

This communication is not being distributed by, nor has it been approved for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended) (the “FSMA”) by, a person authorized under the FSMA. Accordingly, this communication is only being distributed to and is only directed at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, (iii) are outside the United Kingdom (the “UK”), or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). Accordingly, by accepting this communication, the recipient warrants and acknowledges that it is such a Relevant Person. The communication is directed only at Relevant Persons and must not be acted or relied upon by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates will be available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person should not take any action based upon this communication and should not rely on it.

The target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, “MiFID II”). The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of the following: (i) a “retail client” as defined in point (11) of Article 4(1) of MiFID II; (ii) a customer within the meaning of Directive 2016/97/EU (Insurance Distribution Directive), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a “qualified investor” as defined in Regulation (EU) 2017/1129 (the “EU Prospectus Regulation”). Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the “EU PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the EU PRIIPs Regulation.

The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the UK. For these purposes, a retail investor means a person who is one (or more) of : (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (“EUWA”); or (ii) a customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA. No key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

In addition, the Notes are not intended to be offered, sold or otherwise made available, and should not be offered, sold or otherwise made available, in Belgium to any consumer (consument/consommateur) within the meaning of the Belgian economic law code (Wetboek van economisch recht/Code de droit économique), as amended from time to time.

This press release is not intended to constitute an offer or solicitation to purchase or invest in the Notes. The Notes will not be publicly offered, sold or advertised, directly or indirectly, in, into or from Switzerland within the meaning of the Swiss Financial Services Act (“FinSA”) and will not be admitted to any trading venue (exchange or multilateral trading facility) in Switzerland.

This announcement is not a public offering in the Grand Duchy of Luxembourg or an offer of securities to the public in any EEA member state made under the EU Prospectus Regulation and/or the Luxembourg law dated July 16, 2019 relating to prospectuses for securities (Loi Prospectus), as amended.

Forward-Looking Statements

All statements other than statements of historical facts included in this press release, including, without limitation, statements regarding our future financial position, risks and uncertainties related to our business, strategy, capital expenditures, projected costs and our plans and objectives for future operations, may be deemed to be forward-looking statements. Words such as “believe,” “expect,” “anticipate,” “may,” “assume,” “plan,” “intend,” “will,” “should,” “estimate,” “risk” and similar expressions or the negatives of these expressions are intended to identify forward-looking statements. In addition, from time to time we or our representatives, acting in respect of information provided by us, have made or may make forward-looking statements orally or in writing and these forward-looking statements may be included in but are not limited to press releases (including on our website), reports to our security holders and other communications.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. New risk factors emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results.

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, THE UNITED KINGDOM, AUSTRALIA, CANADA, HONG KONG, OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS PRESS RELEASE.

INEOS announces pricing of offering of Senior Secured Notes due 2031

Tue, 23 Sep 2025 19:07:32 GMT

INEOS Holdings Limited today announced that its indirect wholly owned subsidiary, INEOS Finance plc (the “Issuer”), has priced its offering (the “Offering”) of €800 million aggregate principal amount of 7¼% senior secured notes due 2031 (the “Notes”). The Issuer intends to use the proceeds from the Offering (i) for general corporate purposes, including to partially prefund the remaining expenditure of Project ONE (being the INEOS Group’s major capital investment in Antwerp, Belgium, which was announced on January 14, 2019, and expected to start up in early 2027) and (ii) to pay transaction fees and expenses (collectively, the “Transactions”).

There can be no assurance that the Transactions described above will be completed.

Contact

For further information, please contact:
Sophie Galasinski: Mobile: +44 (0)7920 364286

Cautionary Statement

This press release is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States of America or in any other jurisdiction. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. The Notes will be offered in a private offering exempt from the registration requirements of the Securities Act and will accordingly be offered only to: (i) qualified institutional buyers pursuant to Rule 144A under the Securities Act and (ii) certain persons outside the United States in compliance with Regulation S under the Securities Act.

This communication is not being distributed by, nor has it been approved for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended) (the “FSMA”) by, a person authorized under the FSMA. Accordingly, this communication is only being distributed to and is only directed at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, (iii) are outside the United Kingdom (the “UK”), or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). Accordingly, by accepting this communication, the recipient warrants and acknowledges that it is such a Relevant Person. The communication is directed only at Relevant Persons and must not be acted or relied upon by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates will be available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person should not take any action based upon this communication and should not rely on it.

The target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, “MiFID II”). The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of the following: (i) a “retail client” as defined in point (11) of Article 4(1) of MiFID II; (ii) a customer within the meaning of Directive 2016/97/EU (Insurance Distribution Directive), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a “qualified investor” as defined in Regulation (EU) 2017/1129 (the “EU Prospectus Regulation”). Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the “EU PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the EU PRIIPs Regulation.

The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the UK. For these purposes, a retail investor means a person who is one (or more) of : (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (“EUWA”); or (ii) a customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA. No key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

In addition, the Notes are not intended to be offered, sold or otherwise made available, and should not be offered, sold or otherwise made available, in Belgium to any consumer (consument/consommateur) within the meaning of the Belgian economic law code (Wetboek van economisch recht/Code de droit économique), as amended from time to time.

This press release is not intended to constitute an offer or solicitation to purchase or invest in the Notes. The Notes will not be publicly offered, sold or advertised, directly or indirectly, in, into or from Switzerland within the meaning of the Swiss Financial Services Act (“FinSA”) and will not be admitted to any trading venue (exchange or multilateral trading facility) in Switzerland.

This announcement is not a public offering in the Grand Duchy of Luxembourg or an offer of securities to the public in any EEA member state made under the EU Prospectus Regulation and/or the Luxembourg law dated July 16, 2019 relating to prospectuses for securities (Loi Prospectus), as amended.

Forward-Looking Statements

This press release includes “forward-looking statements,” within the meaning of the U.S. securities laws and the laws of certain other jurisdictions, based on our current expectations and projections about future events, including: the cyclical and highly competitive nature of our businesses; raw material costs and supply arrangements; currency fluctuations; our ability to conduct operations in several different countries; risks related to our increased manufacturing footprint in China; wars and other armed conflicts, including the Russian invasion of Ukraine and the conflict in the Middle East; our ability to retain existing customers, obtain new customers and maintain our competitive position; our technological and manufacturing assets and our ability to utilize them to further increase sales and the profitability of our businesses; our sales growth across our principal businesses and our strategy for controlling costs, growing margins, increasing manufacturing capacity and production levels, and making capital expenditures; impacts of climate change, including current or future regulatory requirements to reduce greenhouse gas emissions, the costs to purchase emissions allowances and the physical risks to our facilities of severe weather conditions; current or future health, safety and environmental requirements, including in relation to our products and raw materials, and the related costs of maintaining compliance with, and addressing liabilities under, those requirements; operational hazards, including the risk of accidents or other incidents that result in injury to persons or environmental contamination; outbreaks of pandemics or epidemics; our ability to comply with anti-corruption laws, economic and trade sanctions or other similar regulations; potential business interruptions due to the actions of third parties; our ability to develop new products and technologies successfully, including risks related to the safety and quality or health concerns regarding our products; changes in tax laws or the application or interpretation thereof; risks related to litigation, including product liability and loss resulting from non-payment or non-performance by our customers; our ability to attract and retain members of management and key employees; our relationship with our workforce and service providers; our ability to protect our patents, trademarks and confidential information and the integrity of our IT infrastructure; our ability to adequately protect our computer systems against information theft, data corruption, operational disruption and any other cybersecurity risks; our ability to maintain an effective system of internal controls over financial reporting; our ability to consummate any future acquisitions or developments and to successfully integrate acquired businesses with our historical business and realize anticipated synergies and cost savings, including with respect to businesses acquired; credit and capital markets conditions as well as general economic, social or political conditions, including risks associated with economic recessions and tariffs, and our customers’ access to credit; changes in pension fund investment performance or assumptions relating to pension costs; impact of the market perceptions concerning the instability of the euro; impact of the withdrawal of the UK from the European Union; risks associated with our capital structure and indebtedness; our ability to deleverage through strategic disposals of certain assets and non-core businesses; our relationship with our shareholders, affiliates and joint ventures; our significant debt service obligations, as well as our ability to generate sufficient cash flow to service our debt; and risks associated with our capital structure and our other indebtedness. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein.

All statements other than statements of historical facts included in this press release, including, without limitation, statements regarding our future financial position, risks and uncertainties related to our business, strategy, capital expenditures, projected costs and our plans and objectives for future operations, may be deemed to be forward-looking statements. Words such as “believe,” “expect,” “anticipate,” “may,” “assume,” “plan,” “intend,” “will,” “should,” “estimate,” “risk” and similar expressions or the negatives of these expressions are intended to identify forward-looking statements. In addition, from time to time we or our representatives, acting in respect of information provided by us, have made or may make forward-looking statements orally or in writing and these forward-looking statements may be included in but are not limited to press releases (including on our website), reports to our security holders and other communications.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. New risk factors emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results.

INEOS announces launch of offering of senior secured notes due 2031

Mon, 22 Sep 2025 06:00:00 GMT

INEOS Holdings Limited today announced that its indirect wholly owned subsidiary, INEOS Finance plc (the “Issuer”), has launched an offering (the “Offering”) of euro-denominated senior secured notes due 2031 (the “Notes”) in an aggregate principal amount of €650 million. The net proceeds of the Offering will be used (i) for general corporate purposes, including to partially prefund the remaining expenditure of Project ONE (being the INEOS Group’s major capital investment in Antwerp, Belgium, which was announced on January 14, 2019, and expected to start up in early 2027) and (ii) to pay transaction fees and expenses (collectively, the “Transactions”).

There can be no assurance that the Transactions will be completed.

Contact

For further information, please contact: Sophie Galasinski
Mobile: +44 (0)7920 364286

Cautionary Statement

This Offering is being made by means of an offering memorandum. This press release is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States of America or in any other jurisdiction. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. The Notes will be offered in a private offering exempt from the registration requirements of the Securities Act and will accordingly be offered only to: (i) qualified institutional buyers pursuant to Rule 144A under the Securities Act and (ii) certain persons outside the United States in compliance with Regulation S under the Securities Act.

This communication is not being distributed by, nor has it been approved for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended) (the “FSMA”) by, a person authorized under the FSMA. Accordingly, this communication is only being distributed to and is only directed at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, (iii) are outside the United Kingdom (the “UK”), or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). Accordingly, by accepting this communication, the recipient warrants and acknowledges that it is such a Relevant Person. The communication is directed only at Relevant Persons and must not be acted or relied upon by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates will be available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant. Person should not take any action based upon this communication and should not rely on it.

In addition, the Notes are not intended to be offered, sold or otherwise made available, and should not be offered, sold or otherwise made available, in Belgium to any consumer (consument/consommateur) within the meaning of the Belgian economic law code (Wetboek van economisch recht/Code de droit économique), as amended from time to time.

Forward-Looking Statements

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. New risk factors emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results.

Counting down to the global Inovyn Awards

Fri, 19 Sep 2025 07:00:00 GMT

The 2025 Inovyn Awards winners will be announced on the 9th of October.
Recognises ground-breaking projects that are helping to advance innovation and sustainable solutions across the vinyl industry.
113 projects were submitted from 27 countries, making this the most global edition in the Inovyn Awards history.
Arnaud Valenduc, INEOS Inovyn’s Business Director, said: “These awards showcase the vital role vinyl plays in modern life. With 113 project submissions from 27 countries, the standard this year has been exceptional. They are the most globally diverse in our Inovyn Awards history and reflects their continuing popularity. At a time when we face significant challenges, these projects demonstrate how our industry is constantly innovating and embracing change.”

Held every three years to coincide with the ‘K Fair’ in Germany, the Inovyn Awards are designed to recognise pioneering ideas and showcase the vital role vinyl plays.

The 2025 Inovyn Awards winners will be announced on the 9th of October, with runners up revealed in early October. In light of the difficult economic climate, this year’s awards ceremony in Düsseldorf has been replaced by virtual announcements.

The awards saw 113 projects submitted from across Europe, Asia, the Americas and for the first time Africa. Entries ranged from local businesses, NGOs and academic organisations, to additive producers and large multinationals.

The award categories are Reaching Net Zero (consisting of 26% of entries), Circularity (42% of entries), and Performance & Design (32% of entries). As with previous awards, sustainability projects continue to grow and made up over two thirds of all submissions.

The 2025 Inovyn Awards judges panel comprised of Richard Thommeret, polymers expert; Elisa Storace, curator at the Fondazione Museo Kartell in Milan; Dr Jason Leadbitter, ex chair of the British Plastics Federation Sustainability and VinylPlus Circular Committees, and Miguel Angel Prieto Arranz, Director of Specialty Chemicals at Cefic.

Elisa Storace said: “I’m impressed by the range of this year’s projects, from innovative pipe and clothing applications to creating societal value. Vinyl is everywhere in our daily lives, and these projects show its versatility and potential for positive social impact. Innovation will be key for the industry’s transition to a low-carbon future, and the Inovyn Awards highlight how vinyl can help us imagine a more sustainable world.”

This year marks the ninth edition of the Inovyn Awards, an event that has been held since 2001.

For more information visit: www.inovynawards.com.

ENDS

Media Contacts

Paul Tuohy
Paul.Tuohy@ineos.com
+44(0) 7766 990756

Note to Editors

About INEOS Inovyn

INEOS Inovyn is Europe's largest producer of chlorvinyls and the global leader in speciality PVC. We deliver products that are essential for modern life, from construction and automotive, to healthcare and renewable energy. Our business is committed to play a key role in the Net Zero transition, through offering low greenhouse gas products and developing new technologies for recycling PVC.

We are INEOS | INEOS Group
INEOS is one of the world’s largest chemical producers and a significant player in the oil and gas market. Learn more about who we are, today.

See inovyn.com and ineos.com for more details.

The UK has ideas. But it needs manufacturing to deliver them.

Tue, 16 Sep 2025 09:02:20 GMT

The following Feature is by Dr Peter Williams INEOS Group Technology Director

Britain talks up innovation but has destroyed its manufacturing base, cut in half since 1990.
High energy costs, carbon taxes will drive industry abroad and make the country dependent on imports.
We’re losing skills, jobs and resilience, once gone, they don’t come back.
Without urgent action, CCS, affordable energy, faster permits and real incentives, Britain will keep deindustrialising.

The Government’s new Industrial Strategy describes the UK as a ‘scientific and innovation superpower’. Part of this is true – the UK’s research is world-class. But when it comes to turning those ideas into tangible economic value for the UK, we fall short. The simple reason is this: the country’s manufacturing base has been hollowed out, and without it, innovation struggles to get off the ground.

Over the past three decades, Britain has quietly de-industrialised. The manufacturing sector’s contribution to GDP has dropped from around 16% in 1990 to just 8% today – more than in any other G7 economy. Worse still, the diversity of the sector and therefore its ability to take on and absorb a range of manufacturing challenges, is also weaker than any other G7 nation. The result of this is that we increasingly import more of the goods we rely on in our daily lives.

Several underlying factors are fueling this decline: long-standing high energy prices, more recent high carbon taxes, and misguided policies. In the UK, there is an assumption that the transition to a low carbon economy means putting a stop to existing operations and processes. But without a serious plan for what replaces them, and an understanding of the role they must play, this approach is threatening the economic resilience of the UK and Europe.

When industries close, it’s not just production that disappears. We lose the people, transferrable skills, and knowledge that allow ideas to move from concept to commercial product. We don’t just stop making things; we also lose the capacity to start again.

Despite ambitious rhetoric about a “green economy” and leading the transition, successive governments have neglected the crucial foundation: a strong manufacturing skill base. As a result, we import wind turbines, solar cells, machinery, cars and consumer goods, often from poorly regulated jurisdictions that entail higher emissions.

This imbalance in trade leaves us strategically exposed and therefore vulnerable to geopolitical shifts due to an in-built loss of resilience. This also plays into our greenhouse gas emissions, which are used as a proxy indicator for progress on our transition to a low carbon economy. On a consumption basis, our emissions are much higher than the territorial emissions we report. We have offshored them.

Without a strong industrial base, we also have no springboard for the industries of the future. No infrastructure or expertise to take ideas forward. No incentives for a highly skilled and entrepreneurial workforce, or opportunities to inspire career pathways.

Successive governments have failed to understand this. And while the new Industrial Strategy contains some promising elements, much more is needed. So, what is to be done?

First, manufacturing needs affordable energy. Although electricity is around 40% renewable on average, it accounts for less than 20% of the UK’s total energy demand. Industry still depends heavily on gas and oil, and will continue to do so for decades, despite progress on renewables. Rather than trying to eliminate these fuels overnight, we must focus on lowering emissions while continuing their use. One solution is to combine gas-based energy production with carbon capture and storage (CCS), which allows us to generate energy while safely storing CO2 underground. The UK has a real opportunity to scale up CCS, and early steps have been taken, but progress has been slow. The Government first pledged support for CCS in 2007, but it failed due to a cap on funds. A new attempt was launched in 2012 but also faltered when financial investment was withdrawn. Now having selected two high priority ‘track 1’ projects it needs to be delivered at pace. Meanwhile, we can focus our more basic research on how better to access new sources of renewable or recycled carbon.

Energy storage is also key. The UK has about 7-12 days of gas storage depending on the season - five times less than the Netherlands and seven times less than Germany. The result is price volatility and uncertainty in investment. The development of new technologies to store wind, solar and other renewables is a practical challenge well-suited to Britain’s engineering strengths – but it needs proper funding and a clear mandate.

Second, we must streamline the permitting process for manufacturing facilities. Projects of national importance risk being delayed for years due to excessive complexity and unnecessary hurdles. Environmental Impact Assessments remain essential, but they must be proportionate. A resilient, future-ready economy requires decision-makers to make balanced judgements that weigh societal needs alongside environmental and financial considerations.

Third, we need to support new developments without disadvantaging existing industry. Renewal requires investment, and fiscal punishment in addition to the twin challenges of high energy costs and carbon taxes means many businesses cannot afford to take part in the transition. Instead, we need incentives. For example, a VAT exception for recycled goods could take away the cost penalty seen by the consumer and stimulate demand. These can be delivered through several mechanisms and must be calibrated according to the potential value of investments.

Fourth, we need to nurture the most promising emerging industries. The bioeconomy, for example, already has a strong research & technology base, such as that supported by the Industrial Biotechnology Innovation Centre (IBioIC) in Scotland, and the potential to make a significant contribution to transition and industrial renewal, especially if we learn how to exploit bio-waste, poor land, and capture and use atmospheric CO₂, itself a bio resource, in an economic way.

The UK does offer some standout examples that demonstrate the benefits of a strong and broad base. Formula 1 is a prime case, though it receives little attention in the Industrial Strategy. F1 in the UK spans all aspects from research through to manufacturing. It inspires budding engineers by providing visible, viable career pathways. Over time, it has formed a critical mass of technology and manufacturing expertise, and associations with feeder industries that make the UK an attractive home for new F1 teams. Of the 10 F1 teams, 7 are based in the UK. By creating innovations which seep into the broader market it makes a substantial contribution to the UK economy standing as a microcosm of what we need across many more industries.

We talk a lot about innovation and the energy transition as a mix of bright ideas and private investment. But without a serious focus on the manufacturing base needed to deliver it, none of it will happen.

Castore completes the acquisition of Belstaff

Thu, 28 Aug 2025 09:09:22 GMT

Castore acquires 100% of Belstaff, on a debt-free, cash-free basis
Premium brands Castore and Belstaff come together to drive further international growth
INEOS, the parent company of Belstaff, will make a significant strategic investment in Castore

Castore, the manufacturer of premium sports apparel, has today announced that it has agreed to acquire 100% of the shares of Belstaff, the British premium heritage brand, on a debt-free, cash-free basis. The deal, the financial terms of which are undisclosed, will see INEOS, parent company of Belstaff, make a significant strategic investment in Castore at a holding company level.

Castore and Belstaff will join forces to drive future growth across premium categories, capitalising on Castore’s direct-to-consumer and online retail networks and expertise, supply chain, growing global retail footprint and Castore’s roster of professional sports team partnerships.

Ashley Reed Chairman of Belstaff, said: “This is a union of two British brands who have come together through shared qualities of purpose-led design and entrepreneurial spirit. Castore is disrupting the sportswear market and has demonstrated phenomenal growth and resilience in recent years. Having witnessed their journey, we saw a unique opportunity to join forces and accelerate Belstaff’s transformation through shared knowledge and resources.”

Tom Beahon, Co-Founder and CEO of Castore, said: “Belstaff is a truly iconic brand with unparalleled heritage, and I have personally been a huge fan for a very long time. INEOS and the management team at Belstaff have done a phenomenal job in steering the company back to profitability following a challenging period for the retail sector. To have the opportunity to take Belstaff through the next stage of its growth journey is a dream come true and a huge privilege. We are also delighted that Sir Jim Ratcliffe’s INEOS is investing in Castore which is a demonstration of commitment to our business and global growth ambitions and we look forward to working together to deliver on this vision.”

ENDS

For media inquiries:

Castore:

Will Palfreyman, Neil Daugherty, Teneo castore@teneo.com + 44 07796 106 191 / +44 07989 955 515

INEOS:

Press Office: +44 207 193 9030 ineos@firstlightgroup.io

Richard Longden, richard.longden@ineos.com +41 799 626 123

About Castore

Castore is a premium sportswear brand and end-to-end digital retailing platform for global sports teams. Castore’s Team Sports platform manages the full omni-channel retailing (online, offline, event-based) operations for selected partners and has a proven approach for growing revenues through product quality, supply chain innovation and fan engagement. Team Sports partners include Everton Football Club, Burnley FC, Rangers, Feyenoord, Athletic Club (Bilbao); McLaren F1; Oracle Red Bull Racing; BWT Alpine F1 Team; the England & Wales Cricket Board (ECB); Saracens Rugby, Harlequins, Scarlets; and Republic of Ireland Football (FAI). Castore’s Mainline brand crafts high-quality sportswear using advanced materials and precision engineering designed to improve athlete performance.  

About Belstaff

Founded in 1924, Belstaff is a modern heritage brand with a rich history of moving people forward and equipping them with lasting apparel for life’s pursuits. Over the decades, Belstaff has created protective suits for race-car drivers so they had the confidence to go faster, wind-proof smocks for marines to help them weather the storm, and insulating clothing for mountaineers so they could venture further. One thing is at the heart of all these endeavours: An Independent Spirit. Favoured by renegades and novel thinkers, the brand’s community has a collective need to do things differently.

INEOS Statement in Response to Greenpeace Press Release.

Tue, 29 Jul 2025 10:30:05 GMT

Greenpeace has published yet another attack on the companies that are actually trying to deliver real solutions to plastic waste while offering no credible alternatives of their own.

INEOS has not seen this report, and no meaningful attempt has been made to engage us in its preparation. We were sent a list of allegations at the last minute and asked to comment without context.

INEOS produces materials that society relies on every day, from clean drinking water pipes and medical equipment to insulation, lightweight cars, and wind turbine blades. (Even the safety harnesses used by Greenpeace protestors to carry out their PR stunt in Scotland this weekend). These aren’t luxury items they’re essential to modern life and to lowering emissions. In most cases, plastic is the most sustainable option available, confirmed by independent studies (see note to editors below), which is why it has so many uses. Greenpeace's demand to slash global plastic production by 75% would create enormous unintended consequences, shifting the world toward heavier, more carbon-intensive alternatives, increasing food waste, transport emissions, and cost to consumers.

A production cap does nothing if we don’t fix waste collection and recycling. Without a change in attitudes, to one where plastic is valued and recycled, we will not address the core issue. Placing a cap on production does not address pollution but promotion of effective recycling will.

INEOS has invested significantly in advanced recycling, circular design, and low-carbon plastics production. We support a global agreement that is ambitious, science-based, and focused on outcomes, not ideology. But we won’t apologise for producing the materials the world needs, nor for standing up for policies that actually work.

Unless groups like Greenpeace stop attacking companies like INEOS and start supporting the rollout of waste infrastructure and advanced recycling, they are actively contributing to the problem. They’re standing in the way of the very solutions that are needed, whether we produce more or less plastic.

INEOS sends two people to attend the Global Treaty. They are delegates, technical experts and engineers, who can offer real-world insight into how circular systems and chemical recycling can be scaled, they are not lobbyists. We will continue to operate safely, legally, and responsibly and we will continue to stand up for industry, energy security, and practical environmental progress.

Dont just take our word for it:

INEOS Invests £30 Million to Slash Emissions at Hull Site by 75%

Thu, 17 Jul 2025 22:00:00 GMT

INEOS has completed a major £30 million investment at its Hull manufacturing site
The project has resulted in a 75% cut in carbon emissions
David Brooks, CEO INEOS Acetyls, comments "We’ve put £30 million into Hull to do the right thing – cut emissions, clean up the site, and future-proof our operations. We’ve slashed CO₂ by 75%. That’s not a plan. That’s a result.”

INEOS has completed a major £30 million investment at its Hull manufacturing site, converting the facility to run on clean-burning hydrogen instead of natural gas. The result? A 75% cut in carbon emissions – the equivalent of taking around 160,000 petrol cars off the road and a huge step towards INEOS’ net zero commitment, well ahead of 2050.

This is real progress. Not talk. Not targets. Action.

The investment is part of INEOS’ wider strategy to decarbonise its operations across the UK and Europe. INEOS Acetyls is the only industrial scale manufacturer of acetic acid, acetic anhydride, and ethyl acetate in Europe. These products are essential chemicals used in everyday life, from medicines to clean water and the Saltend-based site now operates with dramatically lower emissions thanks to the switch to hydrogen.

David Brooks, said:

“We’ve put £30 million into Hull to do the right thing – cut emissions, clean up the site, and future-proof our operations. We’ve slashed CO₂ by 75%. That’s not a plan. That’s a result.

“Like most chemical businesses in the UK, we are working hard to compete in global markets while facing some of the highest energy and carbon costs in the world. This investment is another step in our plans to supply the UK and European markets with highly reliable and low carbon products.”

This investment will deliver a transformational step change improvement in the site’s product carbon footprint, which is already world leading.

The hydrogen used at the site is produced as a co-product from existing manufacturing processes, making it a smart, efficient use of resources already on hand. It’s a model INEOS believes can be replicated across the industry.

The Hull upgrade is one of several major decarbonisation projects underway across INEOS sites, including Grangemouth and Köln, as the company pushes hard to meet – and beat – its climate targets.

“We’re not waiting for 2050,” Brooks added. “We’re doing it now.”

INEOS Acetyls employs more than 500 people around the world. In Hull, it directly employs more than 300 people, supporting hundreds more through its supply chain.

ENDS

Media contacts

Ellie Westwood ellie.westwood@ineos.com
Richard Longden (Richard.longden@ineos.com) +41 7996 26123
INEOS Agency ineos@firstlightgroup.io

Note to editors

About INEOS Acetyls

About INEOS

INEOS is a global petrochemicals manufacturer, comprising 30 individual businesses. We operate 173 facilities in 32 countries throughout the world, employing 25,000 people. INEOS makes the raw materials and energy used for everyday life. Its products make an indispensable contribution to society and are essential in applications ranging from the preservation of food to the provision of clean water; from construction of wind turbines, solar panels, and other renewable technologies to the construction of lighter and more fuel-efficient vehicles and aircraft; from medical devices and pharmaceuticals to clothing and apparel. In recent years INEOS has diversified with the launch of INEOS Automotive, the acquisition of iconic British brand Belstaff and a sports portfolio including Manchester United, OGC Nice, Lausanne Sport football clubs, as well as Mercedes AMG Petronas Formula 1 and the INEOS Grenadiers cycling team. ,

INEOS response to the European Industrial Strategy

Tue, 15 Jul 2025 09:21:28 GMT

“INEOS is disappointed that the EU Chemical Industry Action Plan fails to address the urgency of industry’s position”

Statement attributed to Tom Crotty, Director of Corporate Affairs at INEOS

“The Chemical Industry Action Plan is too little, too late. It fails to address the real issues, while the US and China race off with the keys to our industrial base. Europe talks, they act, and that’s why investment, innovation and jobs are packing their bags and heading elsewhere.

The Plan fails to tackle two of the most immediate pressing threats to the survival of Europe’s chemical industry: firstly, the high cost of gas and secondly, the escalating cost of carbon emissions. Without urgent and bold action in these areas, Europe’s competitiveness will continue to erode.

Look at our site in Cologne. It is one of the most advanced integrated petrochemical facilities in Europe. Compared to the US, our gas bill is €100 million higher. Electricity is €40 million more. And our carbon costs are heading towards €100 million annually. That’s €240 million in additional cost every year, just to operate in Europe.

This is not a level playing field. In the past two years alone, over 20 chemical plants have closed across the continent. Investment and jobs are shifting to regions with cheaper energy, no carbon penalties, and industrial policies that support long-term growth. If this continues, Europe will face accelerating deindustrialisation, losing its skills base, weakening supply chains, and shifting emissions and jobs abroad.

Europe needs more than ambition, it needs action. Immediate reduction of gas pricing and removal of carbon costs must be the next step if we are serious about maintaining a chemical industry in Europe.”

ENDS

INEOS: THIS IS MADNESS. WE ARE BEING PUNISHED FOR CUTTING CO2 EMISSIONS

Sun, 29 Jun 2025 08:38:32 GMT

INEOS Acetyls in Hull slashes emissions by 75% and now faces a £23 million penalty in withheld carbon credits
UK Government must decide: does it want to back British manufacturing to lead on decarbonisation or push it offshore?

INEOS Acetyls has completed a pioneering, world-first investment at its Hull site, to switch its fuel source from natural gas to low-carbon hydrogen. The result is a 75% reduction in emissions, which is the equivalent of taking 160,000 cars off UK roads.

This project places the Hull site on a clear path to becoming the world’s first Net Zero producer of Acetic Acid, which is a critical building block used in food production, pharmaceuticals, synthetic fibres and specialty chemicals.

It’s exactly the kind of green industrial leadership the UK Government claims it wants.

And yet, the Environment Agency is now threatening to reclassify the Hull site, which has been operating since the 1930s, as a “new installation” simply because it switched to a cleaner fuel source. This re-categorisation would mean the site will not receive its UK Emissions Trading Scheme (ETS) allowances until 2028.

The impact? A £23 million cash drain over the next three years, imposed on a site that is already loss-making, at a time when it is also under threat from cheaper, higher-carbon imports from countries such as China, whose emissions per tonne of acetic acid are eight times higher than the UK’s.

This is a prime example of regulatory madness, penalising those who invest in decarbonisation and setting a dangerous precedent for industry.

CEO David Brooks said: “It’s bonkers. We’re being punished for doing the right thing. We’ve invested to slash emissions, and in return the government wants to ‘re-categorise’ our site—leaving us over £23 million worse off in the next couple of years. It sends entirely the wrong message.”

“This is yet another example of the UK Government, through red tape and misguided regulation, pushing industry offshore. While countries like China and the US back their manufacturers, Britain penalises them for cutting emissions. It’s perverse—and it’s costing us investment, jobs, and our industrial future.”

INEOS is calling for a simple, cost-neutral fix: allow the Hull site to receive its 2026 and 2027 ETS free allocations on the normal in-year timeline, just like every other eligible site across the UK. This is not a request for additional credit, just for what is already due to be delivered when it is needed.

This decision is a litmus test for the UK’s credibility as a home for clean industrial investment. Get it right, and the UK can lead. Get it wrong, and the message is clear: “Industrial investment not welcome here.”

ENDS.

INEOS Agency: ineos@firstlightgroup.io | +44 20 7193 9030

Richard Longden, INEOS | richard.longden@ineos.com | +41 79 962 61 23

STATEMENT: On the UK Government’s new industrial strategy and the future of British manufacturing

Tue, 24 Jun 2025 12:50:57 GMT

“INEOS welcomes the Government’s acknowledgement of the impact that high energy prices are having on UK manufacturing, bringing about closures.

The proposals to cut electricity prices, in the long-awaited industrial strategy revealed on Monday, are an important first step and a positive signal. The initiative closely aligns with concerns raised by INEOS over the past two years, emphasising the necessity of competitive energy and feedstock pricing, especially for gas, to sustain and grow the UK’s chemical sector

But let’s be clear: British industry and especially the chemical sector relies far more heavily on gas than electricity. And UK gas prices remain among the highest in the world, undermining our competitiveness and investment prospects.

We applaud the Government for addressing electricity costs but progress is slow, the measures are partial, and they fall short of what is required. Our call for urgent reform in energy pricing, grid connections, carbon levies, and policy stability must not be ignored

As Sir Jim Ratcliffe has warned, Britain is sleepwalking into deindustrialisation. We’re watching strategic Foundation Industries that underpin the Government’s Industrial Strategy, slowly bleed out. Not because they can’t compete, but because UK policy makes them uncompetitive.

Two-thirds of British manufacturing has disappeared in the last 25 years alone, while during that same period, the UK population has risen by more than 10 million. That should alarm every policymaker in the country.

If the UK is serious about reversing the closure of British manufacturing, highlighted by INEOS and many within our sector, then far-reaching, immediate reforms on industrial gas pricing and carbon tax reduction are essential. Without them, investment, jobs, and UK capability will continue to drift overseas.”

Tom Crotty, Director of Corporate Affairs, INEOS.

Press Contacts:

INEOS Publishes 2024 Sustainability Report Highlighting Progress on Emissions, Circular Economy and Responsible Growth

Fri, 20 Jun 2025 15:18:58 GMT

On 30^th of April, INEOS has published its Sustainability Report for 2024, outlining the company’s progress and priorities in building a more sustainable future while continuing to deliver the materials essential to modern life.

The report highlights INEOS’ approach to reduce greenhouse gas emissions, accelerate circular economy solutions, and invest in breakthrough technologies such as carbon capture and energy efficiency.

Major milestones in 2024 include:

Continued progress toward INEOS’ goal of net zero by 2050.
Expansion of circular product ranges using recycled and renewable feedstocks, including the launch of new low-carbon PVC and bio-based plastics.
Advancements in Project ONE and Project Greensand, setting new benchmarks in energy efficiency and carbon storage.
A strong focus on workforce safety and community engagement.

Governance structures that embed sustainability across the group.

Sir Jim Ratcliffe, INEOS Chairman and CEO, said: “At INEOS, we don’t virtue signal. We focus on engineering, science, and results. That’s how real progress is made, and that’s how we approach sustainability. Our €4 billion investment in Project ONE in Antwerp is a clear example. It will be the most energy-efficient ethylene plant in Europe with half the carbon footprint of today’s best-performing crackers anywhere in the world. A once-in-a-generation investment that sets the benchmark for how heavy industry must evolve; through renewal. "

The full INEOS Sustainability Report 2024 is available here.

Uncompetitive European energy and carbon costs force INEOS Phenol to announce their intent to permanently close Gladbeck site in Germany

Tue, 17 Jun 2025 08:09:15 GMT

View the article in German and Flemish by using the language selector at the top right of the site

INEOS Phenol, the world's largest producer of phenol and acetone, announced today its intention to permanently stop production at their site in Gladbeck, Germany. Sky high European energy costs alongside Europe’s punitive CO₂ tax policy have combined to leave Europe uncompetitive against imported Chinese production and a global oversupply.

After carrying out a detailed strategic review, the business intends to permanently exit the Gladbeck site at a date to be confirmed. Europe’s lack of competitiveness has already led to the exit of several downstream consumers of phenol and acetone to such an extent that local demand no longer supports the operation of the Gladbeck site which dates from 1954 and requires significant future investment.

Commenting, Sir Jim Ratcliffe, Chairman of INEOS said, “This is the consequence of Europe’s total lack of energy competitiveness and the blind devotion to carbon taxation which is leading to a mass deindustrialisation across the continent. Gladbeck is not the first and will definitely not be the last unless the regulators wake up and take action”

INEOS Phenol will now enter into consultation with the works council, employees, customers and suppliers to exit the site in a safe, responsible and compliant manner.

We remain committed to the phenol business, to serve our customers around the world.

Notes for Editors

The INEOS Phenol plant at Gladbeck has the capacity to produce 650,000 tonnes of product each year, making it one of the largest plants of its kind in the world.
The site employs 279 people directly and indirectly supports over 1500 jobs.
The phenol and acetone that the site produces goes into a wide variety of uses
- Front and rear light clusters for cars
- Resins that are essential for printed circuit boards and for the manufacture of wind turbine blades
- Resins for making automotive brake pads
- Solvents for use throughout manufacturing industry

INEOS Olefins & Polymers Europe launches new advanced recycled plastic production at its Lavera site in Southern France

Wed, 11 Jun 2025 06:37:00 GMT

Pour le français, veuillez voir ci-dessous.

The INEOS cracker in Lavera, France, has received the first deliveries of pyrolysis oil made from recycled plastic waste that it will use to make virgin-quality polymers
By converting the cracker and securing access to pyrolysis oil, INEOS is building capability that will help customers meet the EU’s stringent regulatory targets and sustainability goals
INEOS is taking real action to expand the role advanced recycling plays alongside mechanical recycling in the circular economy, particularly for high-performance applications

INEOS Olefins & Polymers in Lavera, Southern France, has received the first deliveries of an innovative feedstock made from recycling plastic waste. This product, called pyrolysis oil, will be used to manufacture recycled polymers, helping its customers meet the EU requirements for food contact, medical and sensitive plastic packaging to have a minimum of 10% recycled content by 2030.

These new grades will help satisfy stringent EU regulatory requirements for other demanding applications such as caps and closures, milk bottles, and water pipes.

Part of the Lavera cracker had to be adapted to enable production of these innovative materials from renewable naphtha made from sources such as biomass, organic waste, or recycled materials, alongside traditional feedstocks.

The pyrolysis oil is made in Europe from post-consumer plastic packaging waste that cannot be processed by mechanical recycling. This process of making pyrolysis oil is called advanced recycling. The pyrolysis oil will be used in the cracker to make recycled ethylene and propylene for conversion into virgin-quality, recycled polyethylene and polypropylene in the INEOS polymer plants located in Lavera and Sarralbe (FR), and Rosignano (IT).

The renewable nature of these products is independently certified under the International Sustainability and Carbon Certification scheme (ISCC PLUS), which validates that any renewable feedstocks have been tracked through the production process using mass balance principles, and that all renewable and recycled claims are accurate.

The EU Packaging and Packaging Waste Regulation (PPWR) has set out ambitious targets for recycling packaging waste for 2030 and 2040. Advanced recycling technologies play a critical role in meeting the growing demand for the safe use of recycled materials, needed to achieve minimum levels of recycled content in plastic packaging. Advanced Recycling enables the production of end products that can be recycled again and again, bringing true circularity to consumer products. This technology ensures plastic does not end up in landfill or incineration, and reduces the use of fossil based raw materials.

Located 30 miles west of Marseille, the Lavera site is one of the largest petrochemicals sites in Europe. The cracker and polymer plants have been wholly owned by INEOS since April 2024.

Rob Ingram, CEO of INEOS Olefins & Polymers Europe, said:

“At INEOS, we recognise that delivering a circular economy requires both ambition and action. While mechanical recycling remains essential, advanced recycling plays a critical role in expanding the potential for plastics recycling and closing the loop - particularly for high-performance applications. We are making real and tangible progress. By converting our cracker in Lavera and securing access to pyrolysis oil, we are building the capability needed to produce virgin-quality polymers from recycled feedstocks. These materials will help our customers meet the EU’s stringent regulatory targets and sustainability goals.

“We are committed to accelerating circularity by working with partners and leveraging our full portfolio of circular solutions, including our Recycl-IN hybrid polymers and our pilot line for fully recyclable MDO films. This is INEOS driving innovation with purpose.”

ENDS

Media contacts

INEOS PR +44 207 193 9030 ineos@firstlightgroup.io
Alistair Shaw, INEOS Olefins & Polymers Europe +447817458865 alistair.shaw@ineos.com
Marie-Pierre Collin, INEOS marie-pierre.collin@petroineos.com +33442356309
Richard Longden INEOS Group +41 799 626 123 richard.longden@ineos.com

About INEOS

----------------------------------------------------------------------------

INEOS Olefins & Polymers Europe lance une nouvelle production de plastique recyclé sur son site de Lavéra, dans le sud de la France

Le craqueur d’INEOS à Lavera, en France, a reçu les premières livraisons d'huile de plastique issue de déchets plastiques recyclés, destinée à la fabrication de polymères de qualités comparables à celles des résines vierges.
En adaptant son craqueur et en sécurisant l’approvisionnement en huile de plastique, INEOS développe les capacités nécessaires pour aider ses clients à répondre aux exigences réglementaires strictes de l’UE et à atteindre leurs objectifs de durabilité.
INEOS agit concrètement pour renforcer le rôle du recyclage avancé aux côtés du recyclage mécanique dans l’économie circulaire, en particulier pour les applications techniques exigeantes.

INEOS Olefins & Polymers à Lavera, dans le sud de la France, a reçu les premières livraisons d'une matière première innovante fabriquée à partir du recyclage des déchets plastiques. Cette huile de plastique, issue du recyclage avancé, sera utilisée pour fabriquer des polymères recyclés, contribuant à répondre aux exigences européennes relatives aux emballages alimentaires, médicaux et sensibles, qui devront contenir un minimum de 10 % de matière recyclée d'ici 2030.

Ces nouveaux grades permettront également de répondre aux normes réglementaires strictes de l'UE pour d'autres applications exigeantes, telles que les bouchons, les bouteilles de lait ou les conduites d'eau.

Une partie du craqueur Lavéra a été adaptée pour permettre la production de ces matériaux innovants à partir de naphta renouvelable, issu de la biomasse, les déchets organiques ou de matières recyclées, en complément des matières premières fossiles traditionnelles.

L'huile de plastique est produite en Europe à partir de déchets d'emballages plastiques post-consommation qui ne peuvent pas être recyclés mécaniquement. Cette technologie, appelée recyclage avancé, permet de transformer ces déchets en une huile utilisée dans le craqueur pour produire de l’éthylène et du propylène recyclés. Ces derniers sont ensuite convertis en polyéthylène et polypropylène recyclés de qualité vierge dans les usines INEOS de Lavéra, Sarralbe (France) et Rosignano (Italie).

La dimension renouvelable de ces matériaux est certifiée de manière indépendante selon le référentiel ISCC PLUS (International Sustainability and Carbon Certification), qui garantit la traçabilité des matières premières renouvelables tout au long du processus de production via le principe du bilan massique, ainsi que la véracité des allégations environnementales.

Le règlement européen sur les emballages et déchets d’emballages (PPWR) fixe des objectifs ambitieux pour 2030 et 2040 en matière de recyclage. Les technologies de recyclage avancé joueront un rôle clé pour répondre à la demande croissante en matériaux recyclés sûrs, indispensables pour atteindre les taux minimaux de contenu recyclé dans les emballages plastiques. Le recyclage avancé permet également de produire des matériaux pouvant être recyclés à l’infini, assurant ainsi une véritable circularité. Il permet de détourner les plastiques des décharges ou de l’incinération, et réduit le recours aux ressources fossiles.

Situé à 30 km à l'ouest de Marseille, le site de Lavéra est l'un des plus grands sites pétrochimiques d'Europe. Les unités de craquage et de polymérisation sont détenues à 100 % par INEOS depuis avril 2024.

Rob Ingram, PDG d'INEOS Olefins & Polymers Europe, a déclaré :

« Chez INEOS, nous savons que réussir la transition vers une économie circulaire demande à la fois de l’ambition et des actions concrètes. Si le recyclage mécanique reste indispensable, le recyclage avancé est essentiel pour élargir le champ des possibles du recyclage des plastiques et véritablement boucler la boucle, notamment pour les applications de haute performance.

Nous réalisons de vrais progrès. En modernisant notre craqueur de Lavéra et en sécurisant l’approvisionnement en huile de plastique, nous développons la capacité de produire des polymères recyclés de qualités comparables à celles des résines vierges à partir de matières premières secondaires. Ces matériaux permettront à nos clients de répondre aux exigences réglementaires strictes de l’UE, tout en atteignant leurs objectifs de durabilité.

Nous nous engageons à accélérer la transition vers l’économie circulaire en collaborant avec nos partenaires et en tirant parti de l’ensemble de notre portefeuille de solutions circulaires, notamment nos polymères hybrides Recycl-IN et notre ligne pilote de films MDO entièrement recyclables. C’est avec détermination qu’INEOS fait progresser l’innovation. »

FIN

Contacts Media

Marie-Pierre Collin, INEOS marie-pierre.collin@petroineos.com +33442356309
INEOS PR +44 207 193 9030 ineos@firstlightgroup.io
Alistair Shaw, INEOS Olefins & Polymers Europe +447817458865 alistair.shaw@ineos.com
Richard Longden INEOS Group +41 799 626 123 richard.longden@ineos.com

A propos d’INEOS

Sir Jim Ratcliffe hosts Prime Minister Bart De Wever at INEOS €4bn Project ONE ethane cracker in Antwerp

Tue, 10 Jun 2025 10:38:56 GMT

Europe’s largest chemical investment in a generation reaches 70% completion
Over 2500 workers on site as construction activity peaks
Commissioning of the project is due to begin in Autumn.

Today INEOS founder and chairman Sir Jim Ratcliffe, together with co-owners Andy Currie and John Reece, welcomed Prime Minister Bart De Wever to the €4bn Project ONE site in Antwerp – the largest investment in the European chemical sector in a generation.

The visit marks a significant milestone for the project, which has now reached 70% completion and employs over 2500 people on site. Construction is progressing at full pace, with major equipment, including giant furnaces and modular plant components, already installed. Civil works are nearing completion, and utility integration is well underway.

Prime Minister Bart De Wever revisiting the site for the first time since the groundbreaking in December 2022, praised the remarkable transformation:

"The progress on INEOS Project One is highly impressive and confirms why I have always fought for this project. What we see happening before our eyes here is how investment in new technology is dramatically reducing CO₂ emissions and ensuring our prosperity for the future. We need to bring that faith in progress back to politics and public opinion."

Project One is well 'on track'

The innovative modular construction, enabled by INEOS access through Antwerp’s deep port, has allowed accelerated assembly on site. Partnerships with key infrastructure players, including Elia, Fluxys, and Waterlink, are supporting critical utility integration. The Power Intake Station, that will energise the site with 380,000V of electricity, is on track for commissioning after the summer.

Mechanical completion is expected by the end of 2026, with plant start-up targeted for early 2027.

Sir Jim Ratcliffe used the visit to highlight the broader industrial challenge facing Europe:

“Project ONE is the first new cracker in Europe in a generation — and that’s the problem. While the rest of the world is building over 20 new crackers, Europe is sleepwalking into industrial decline. High energy costs, painful permitting, and punitive carbon taxes are killing investment. INEOS is backing Europe with over €4 billion on this site, but we can’t do it alone. We need urgent political will and industrial ambition, or we’ll watch Europe’s chemical industry vanish.”

ENDS

ABOUT INEOS PROJECT ONE

Project ONE is an investment by INEOS in the Antwerp chemical sector for the construction of an ethane cracker. The investment amounts to more than four billion euros, making it the largest investment in European chemistry in more than 20 years. The advanced plant will produce ethylene, one of the most widely used basic chemicals worldwide and an essential building block for a variety of products, found in medical applications, textiles, computer and smartphone casings, household appliances, packaging to preserve food longer and cosmetics. It is also used in lightweight parts for cars and wind turbines, insulation materials for the construction industry or pipes for transporting drinking water.

Project ONE will raise the standard for the chemical sector in Europe by deploying best available techniques. In particular, the investment will pioneer energy efficiency and have a carbon footprint less than half that of the 10% best steam crackers in Europe.

Operations are targeted to start in early 2027. The investment in Lillo will create 450 direct jobs and thousands of indirect jobs. At the peak of construction work, approximately 2,500 workers will be employed on the Lillo site.

Learn more at : https://project-one.ineos.com