Ineos

Gain from divestment flatters 2023 profits despite depressed sales

North America January 2024: Crackers, refineries come to a halt due to cold weather / Higher feedstock costs prevent decreases / Standard grades expected higher in February, engineering plastics to remain weak

Polyolefin group reports sales, earnings decline / Tighter cost-cutting measures announced

Ineos declares force majeure for HDPE pipe grades from Belgium

Ineos declares force majeure for PP from US plant in Texas – report

Onset of winter cripples plants in Texas, Louisiana / Exports to Europe only affected to a small extent

German cumene plant starts production

PVC producer adds sustainable products

Supplier secures new environmental licence / Large-scale Project One cracker a go again

Better results likely in 2024 / Demand to remain soft / Firms send mixed messages

The plastics industry continues to work in a state of emergency / Slumps in demand, cheap imports and ever-new regulations make life difficult for producers and processors / Producers on the other side of the Atlantic also face more difficulties

Resin producer reportedly plans to close Scottish chemicals plant / 100 jobs at risk

Shutdown at Belgian PTA line to become permanent

"It's about more than just PET," says Daniel Stricker

European suppliers in fight of their lives / Firms slash production as demand dries up / Plant closure, shift abroad

Sales fall by one-third, led by soft demand in Olefins & Polyolefins Europe

North America September 2023: Mixed picture for standards / Forces majeures remain for PE, PP / Car industry strike hurts ordering / Price cuts likely in October

Million-dollar deal: Takeover of acetyl production lines from Eastman in Texas

Money issues hit Project One cracker construction / ‘No ultimatum given' / Decision by Belgian environment minister outstanding

Bahri becomes sales director / Second rep appointed for Germany

BASF TotalEnergies JV: Fire paralyses cracker in Port Arthur, Texas / No serious consequences for polymer lines reported

Joint plastics waste recycling platform with Technip / Pairing of Hoop process with purification knowhow

Sinopec JV takes shape / Chinese facility slated for spring 2024 start-up

Court halts construction of Project One cracker / Move blamed on lack of environmental assessments / The beginning of the end?

Energy prices, low demand increase cost pressure on phenol / Staff cuts hit Belgian plant / Production could be relocated to Germany