The hottest Ineos plans to expand European raw mat

2022-07-25
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Ineos plans to expand European raw material procurement and business activities December 11 news: Ineos recently announced that it will expand its raw material procurement and trading activities for cracking units in Europe. The new business will be headquartered in rolle, Switzerland, and will begin to expand its business activities outside London from next month

previously, in the European market, most of its procurement needs for petroleum brain were outsourced. Now Ineos plans to "transfer this procurement from outside to inside" to improve its existing position in these commodity markets. In the future, the trade and transportation business department of Ineos Europe will be responsible for the procurement

David Thompson, CEO of Ineos trade and transportation business department, said: "we are glad to enhance our sense of presence in the raw material trading market a few years ago."

Ineos announced that it had signed an agreement with Oiltanking Ghent on the storage and throughput of petroleum brain

this agreement almost covers the business activities of Ineos related to petroleum brain. And the main beneficiary of this agreement is (3) the Ineos plant in Koln, where the comprehensive utilization of resources is accelerated. There are two sets of ethylene production units with a total capacity of 1.3 million/year. The main raw material used will be petroleum naphtha, which will be transported to the destination through pipelines or barges on the Rhine River

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