The INEOS Compass
The INEOS Compass was devised by Chairman Sir Jim Ratcliffe as a fun way of attempting to capture how INEOS works, and why.
About
A global petrochemicals manufacturer, INEOS operates 194 sites across 29 countries, generates $65 billion annually* and employs over 26,000 people. Complementing our core business, INEOS is making an impact across a range of elite sports and becoming increasingly known to consumers, with the launch of the Grenadier (our uncompromising 4x4) and INEOS Hygienics. We make change happen.
Global Manufacturer
INEOS Group is a global manufacturer of petrochemicals, speciality chemicals and oil products. In recent years our scope of operations has diversified with the launch of INEOS Automotive and INEOS Hygienics, acquisition of iconic British brand Belstaff and an ever-expanding sports portfolio. Comprising 36 individual businesses, we operate 194 facilities in 29 countries around the world. We work with a blend of opportunism, commitment to our core values, and a passion for adventure.
Employees
26,000
Employees around the world
Revenues
$65bn
Annual revenues*
Businesses
36
Individual businesses
Sites
194
Facilities across the world
What we produce
INEOS products are essential in the modern world. Incredibly versatile, petrochemicals are used in a wide range of end-market applications to save lives, improve health and enhance standards of living.
Examples include:
Medical industry
Chemicals used in making pharmaceuticals; drug synthesis; antivirals; eye drops; hip replacements
Packaging
Materials to keep food fresh and safe from contamination; liquid containers;
Communications and electronics
Smartphone casings and screens; circuit boards; cables and headphones;
Transport
Structural components to protect and minimise weight such as carbon fibre used in cars and aircraft; plastic fuel tanks; bumpers; headlamp lenses; tyres; brake fluid; antifreeze and screen wash liquids;
Construction
Insulation; safety glass; window frames; piping; protective paint;
Textiles
Fibres and dyes for warm, comfortable and protective clothing; carpeting;
Paints and coatings
Paints for interior and exterior decoration and protection, from buildings to cars, planes and infrastructure;
Household Products
Shower and bath soaps and gels; detergents and cleaning products;
Energy
Gas transport pipes; hydrogen; solar cells; wind turbine blades and lubricants.
How we are organised
Each INEOS business has its own executive board which is responsible for all functions – Business Management, operations, procurement, IT, HR, communications, banking, legal, tax, etc. Boards are fully accountable for and empowered to manage their business and strategy in its entirety. The INEOS central office function is extremely lean, numbering only around 40 people compared with typically hundreds in organisations of comparable size. The federated structure and minimal hierarchy engenders an agile organisation in which internal communications and decision-making happen fast.
Our culture
Our first and fundamental priority is safety, health and environmental performance. We are highly focused on growth, EBITDA and top quartile economics. Fixed costs and cash are tightly managed. Our culture is entrepreneurial and defined by a lack of bureaucracy and politics. Being privately owned offers the freedom to take a long-term view, while a simple and decentralised organisational structure enables quick and efficient decision-making. Sports and fitness are integral to the INEOS culture, as are grit, rigour, humility and a real team ethos.
