09-10 Mar, 2016 - Shanghai, CHINA
Sofitel Shanghai Hyland
Sofitel Shanghai Hyland
INEOS has acquired the aromatics business from Axiall Corporation – which is a leading integrated North American chlorvinyl and aromatics manufacturer.
The deal is worth USD62.9 million and will benefit INEOS – a major phenol and acetone producer.
The acquisition includes Pasadena, Texas based cumene plant that produces 900,000 tonnes of the product as well as transfer of another phenol, acetone and alpha-Methylstyrene business to the INEOS Phenol facility at Mobile, Alabama.
Cumene is a key feedstock in the production of phenol and acetone. Phenol and acetone are used in the production of polycarbonate, plastics, phenolic resins, synthetic fibres (such as nylon) and solvents used across automotive, construction, electronics, and fibre industries.
More trends from the industry will be discussed at 13th Phenol/Acetone & Derivatives Markets on 9-10 March, 2016, in Shanghai.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
