INEOS Acetyls has started a feasibility study into a World scale Acetic Acid plant and derivatives on the USA gulf coast and is reviewing several high-quality locations.
David Brooks, CEO INEOS Acetyls said “The gulf coast is a location well known to the INEOS group where we already have a significant presence. With its abundance of competitively priced feedstocks, the area offers a competitive advantage to support the continued global growth and customer demand for Acetyl products”
FID is expected before the end of 2023. The project will be underpinned by INEOS proprietary technology and will take advantage of the latest carbon efficient processes.
As part of the strategic review INEOS will not proceed at present with the previously announced VAM plant in the UK given the volatile and uncompetitive energy costs outlook.
ENDS.
Richard Longden (Richard.longden@ineos.com) +41 (0) 7996 26123
Andrew McLachlan (andrew@mediazoo.tv) +44 (0) 7931 377162
Alex Williams (alex.williams@mediazoo.tv) +44 (0) 7793 20732