Ineos: Latest News

Watch live as INEOS opens the first full-scale CO₂ storage site in the EU

Fri, 18 Sep 2026 06:43:25 GMT

The project, which is led by INEOS Energy alongside Harbour Energy and Nordsøfonden, demonstrates that carbon capture and storage is no longer a future ambition. It is now a reality.

INEOS will source CO₂ primarily from Danish biomethane plants. This enables the full CCS value chain to be established and operated using CO₂ volumes that are readily available, while capture projects across industry continue to develop and scale. Once captured, CO₂ is liquefied, delivered by truck to a dedicated CO₂ terminal at Port Esbjerg, shipped aboard Carbon Destroyer 1 - the EU's first purpose-built CO₂ carrier - and injected into the Nini West reservoir, a depleted oil field some 250 kilometres offshore, approximately 1,800 metres beneath the seabed.

Read full press release here

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INEOS opens the first full-scale CO₂ storage site in the EU

Fri, 18 Sep 2026 06:00:00 GMT

On 18 September, His Majesty King Frederik X of Denmark officially opened the first full-scale CO₂ storage site in the EU. The Greensand CO₂ storage facility is led by INEOS Energy, with partners Harbour Energy and the Danish North Sea Fund (Nordsøfonden).
The opening was attended by Sir Jim Ratcliffe, Chairman of INEOS, European Commissioner for Energy and Housing Dan Jørgensen, Danish Minister of Finance Peter Hummelgaard, Paloma Aba Garrote, Director of CINEA, and other industry and policy leaders from across the European Union.
Greensand expects to store up to 400,000 tonnes of CO₂ annually in this first commercial phase, scaling toward a potential of up to 4–8 million tonnes annually at full capacity.
Sir Jim Ratcliffe, Chairman of INEOS said "Europe will not achieve net zero by closing factories and exporting its jobs. We need solutions that allow industry to remain competitive while reducing emissions. Greensand proves it can be done. This is not a pilot project, a concept or a political ambition. It is a fully operational carbon storage business. The technology works. The storage is ready. The challenge now is creating the right conditions for carbon capture to grow quickly at scale across Europe."
European Commissioner for Energy and Housing Dan Jørgensen said: “Today marks an important milestone for Europe. With the launch, here in Esbjerg, of the first fully operational site for offshore carbon storage in the European Union, we prove that carbon storage is a practical reality. We show that we can move from demonstration to deployment. We set out a path for European industries: to continue their transition to a low-carbon future, while maintaining production, investments, and employment in our continent. And we open a new front in the existential fight against climate change.”

His Majesty King Frederik X of Denmark today officially opened the first full-scale facility for the permanent storage of CO₂ in the European Union. The opening took place at a ceremony at the Port of Esbjerg marking Greensand’s move into commercial operation.

For the first time, Greensand provides industry across the EU with the infrastructure it needs to transport and permanently store CO₂ and offers a practical route to reducing emissions without shutting down the industries that Europe depends upon.

The project, which is led by INEOS Energy alongside Harbour Energy and Nordsøfonden, demonstrates that carbon capture and storage is no longer a future ambition. It is now a reality.

INEOS will source CO₂ primarily from Danish biomethane plants. This enables the full CCS value chain to be established and operated using CO₂ volumes that are readily available, while capture projects across industry continue to develop and scale. Once captured, CO₂ is liquefied, delivered by truck to a dedicated CO₂ terminal at Port Esbjerg, shipped aboard Carbon Destroyer 1 - the EU's first purpose-built CO₂ carrier - and injected into the Nini West reservoir, a depleted oil field some 250 kilometres offshore, approximately 1,800 metres beneath the seabed.

In this first commercial phase, Greensand can store up to 400,000 tonnes of CO₂ annually. The site has been designed to expand significantly, with the potential to store up to 4-8 million tonnes each year as demand grows.

David Bucknall, CEO of INEOS Energy, says: "For years, CCS in Europe has been defined by plans, targets and ambitions. Today, Greensand brings the EU’s first full-scale CO₂ storage site and value chain into operation. It provides a foundation on which future Carbon Capture projects across Europe can now build."

Europe needs industry, not deindustrialisation

Today’s opening comes at a critical moment for European industry. Europe's energy-intensive industries directly employ almost eight million people and generate roughly €550 billion in value added every year. They are critical to Europe’s security of supply, providing the materials that society and depends on: cement for housing, roads and energy infrastructure; steel for power grids, wind turbines and defence; and chemicals used in everything from water treatment and medicines to cable insulation and electronics. These industries face growing pressure from rising costs and international competition.

At the same time, the EU is working to meet its own CO₂ capture and storage targets: 50 million tonnes annually by 2030, rising to 250–280 million tonnes by 2040. Europe remains far from that scale.

Too often, the debate has been presented as a choice between industrial competitiveness and climate progress. Greensand shows that is a false choice.

Sir Jim Ratcliffe, Chairman of INEOS, said: "Europe will not achieve net zero by closing factories and exporting its jobs. We need solutions that allow industry to remain competitive while reducing emissions. Greensand proves it can be done. This is not a pilot project, a concept or a political ambition. It is a fully operational carbon transport and storage business. The technology works. The storage is ready. The challenge now is creating the right conditions for carbon capture to scale across Europe."

Storage and transport is ready - capture can now follow

With the opening on 18 September, permanent full-scale CO₂ storage enters operation in the EU. The question that follows is how quickly the EU establishes the regulatory, infrastructure and investment conditions that allow industrial emitters to capture CO₂ at scale.

European Commissioner for Energy and Housing Dan Jørgensen said, “Today marks an important milestone for Europe. With the launch, here in Esbjerg, of the first fully operational site for offshore carbon storage in the European Union, we prove that carbon storage is a practical reality. We show that we can move from demonstration to deployment. We set out a path for European industries: to continue their transition to a low-carbon future, while maintaining production, investments, and employment in our continent. And we open a new front in the existential fight against climate change.”

Mads Gade, CEO of INEOS Energy Europe, said: “Greensand starts with biogenic CO₂, but its significance reaches far beyond that first step. We are ready to expand capacity to receive CO₂ from industries across Europe. Greensand is open for business, and a new European market for permanent CO₂ storage can now begin to take shape."

Notes to editors

Imagery, B-Roll, Factsheets and Infographics can be found here

In addition, at the Greensand website: www.greensandfuture.com

About Greensand

Greensand is a world-leading CO₂ storage facility forming part of a full carbon capture and storage (CCS) value chain – capturing CO₂, transporting it by ship and permanently storing it deep beneath the seabed in the Danish North Sea. The project is led by INEOS Energy, with partners Harbour Energy and the Danish North Sea Fund (Nordsøfonden).

Greensand expects to store up to 400,000 tonnes of CO₂ annually in this first commercial phase, scaling toward an expected 4–8 million tonnes annually at full capacity.
In this first phase, the CO₂ entering the Greensand value chain comes primarily from Danish biomethane producers.
A dedicated CO₂ terminal at Port Esbjerg, Denmark, provides temporary storage for liquefied CO₂ arriving by truck from capture sites.
CO₂ is shipped from Esbjerg to the offshore storage site aboard Carbon Destroyer 1 – the EU’s first purpose-built, dedicated CO₂ carrier vessel.
CO₂ is permanently stored in the Nini West reservoir, a depleted oil field around 250 kilometres offshore in the Danish North Sea, approximately 1,800 metres beneath the seabed.
The integrity of the Greensand Nini reservoir in the North Sea has been tested by the Geological Survey of Denmark and Greenland (GEUS), and Greensand has received safety approval from the world-leading independent verifier DNV.

About INEOS

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. INEOS Group is a global manufacturer of petrochemicals, speciality chemicals and oil products. Our scope of operations has diversified with the launch of INEOS Automotive and the acquisition of our professional sports portfolio including football, cycling, and Formula1. INEOS comprises of 28 individual businesses; we operate 148 facilities in 26 countries around the world employing around 23,000 people

INEOS Energy produces and trades oil, gas and LNG while developing carbon storage and other low-carbon energy solutions. The business is focused on keeping energy secure, affordable and reliable while building the infrastructure needed to decarbonise industry and support economic growth. Established in 2020 INEOS Energy oversees The company's exploration and production activities focus on onshore and offshore oil and gas assets in the North Sea, in the UK, Denmark and USA. In recent years, it has made investments in low-carbon technologies, including, hydrogen and Carbon Capture and Storage.

About Harbour Energy

Since its creation in 2014, Harbour has grown to become one of the world’s largest and most geographically diverse independent oil and gas companies. Today, Harbour has significant production in Norway, the UK, Germany, Argentina and North Africa. Harbour benefits from competitive operating costs and resilient margins, and a broad set of growth options including near-infrastructure opportunities in Norway, unconventional scalable opportunities in Argentina and conventional offshore projects in Mexico and Indonesia. With low GHG emissions intensity and a leading CO₂ storage position in Europe, Harbour remains committed to producing oil and gas safely and responsibly to help meet the world’s energy needs. Harbour is headquartered in London with approximately 5,000 staff and contractors across its operations and offices.

About Nordsøfonden

Nordsøfonden is the Danish state company tasked with generating value for Danish society by optimising the potential of Denmark’s subsurface assets. Nordsøfonden stands on two pillars; production of oil & gas, thereby helping ensure supplies of energy and raw materials, whilst at the same time participating in all licenses for underground carbon storage, where Nordsøfonden works to ensure reduction of emissions to the atmosphere.

Greensand is funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Climate, Infrastructure and Environment Executive Agency (CINEA). Neither the European Union nor the granting authority can be held responsible for them.

North Sea decommissioning is ideological and destructive.

Fri, 04 Sep 2026 10:44:24 GMT

From 2029, decommissioning spending will overtake capital investment in the North Sea. This is economic self-harm, writes INEOS Energy chairman Brian Gilvary

The following article appears in CityAM 03/09/26:

The impending decision by the UK government over whether to approve the Jackdaw and Rosebank fields will mark a pivotal moment in the history and future of the North Sea. Almost £11bn of private investment waits in the wings, and the outcome of this decision will be a marker of whether Britain can regain its reputation as a serious place to invest in energy.

Approval would send a positive signal, but the issue is far bigger than two projects. Years of policy instability under consecutive governments, restrictions on new drilling and the Energy Profits Levy (EPL) have made it extremely challenging to make a business case for investment, causing capital to dry up.

Accelerating the closure of the UK North Sea does nothing to reduce global emissions. Demand for oil and gas remains, meaning production and carbon emissions are simply exported, starving the UK of valuable jobs, investment and tax revenues. This is damaging our energy security and long-term national wealth.

Let’s call this what it is. This is not managed decline; it is ideological destruction of a national resource owned by the country in the name of net zero.

The decommissioning paradox.

Approving Jackdaw and Rosebank will not undo years of damage on its own.

By telling investors for years that the UK North Sea is not a reliable place to deploy capital, operators have voted with their feet, closing fields and redirecting investment. Last month, BP was the latest in a long list of operators to announce that it would be shutting up shop and directing investment elsewhere by announcing that it was marketing its UK North Sea oil and gas business.

Ironically, much of this investment has been channelled into the very same basin but under a different flag. Norway is now investing roughly 10 times more than the UK in its own continental shelf, and it is even exporting some of that gas back to UK shores.

When investment disappears, fields close earlier and decommissioning is brought forward. The North Sea Transition Authority recently revealed that almost a quarter of all spending in the basin over the next five years will go towards shutting infrastructure down, not building it up. Staggeringly, from 2029 decommissioning spending will overtake capital investment.

The acceleration of the decline of the North Sea has another important and often overlooked consequence for the Treasury. Companies can offset a significant proportion of decommissioning costs against tax. Premature closures therefore do not simply switch off future tax receipts, they bring the bill forward.

Current estimates suggest that the combined impact of decommissioning tax relief and lost tax revenues could approach £13bn by 2035. At a time when public finances are already under pressure, accelerating that liability amounts to economic self-harm.

What does stability look like?

Oil and gas will remain part of Britain’s energy mix for years to come. The question is not whether we use these resources, it is whether we produce them ourselves or pay other countries to do it for us.

A decision to allow Jackdaw and Rosebank to proceed would send an important signal about the direction this country will take. However, a green light for both fields alone is not enough. Beyond this, we need a more stable fiscal regime that gives operators the certainty they need to invest, the removal of government restrictions on new drilling and reform to the EPL.

The government now has a choice. Responsibly manage a critical natural resource and pillar of the UK’s energy security while protecting jobs and tax revenues. Or accelerate its decline, exporting emissions and increasing imports at a time of global instability, leaving a gaping hole in the Treasury’s pocket.

Brian Gilvary
Chairman of INEOS Energy

Press Contacts

INEOS PR | +44 (0) 207 193 9030 | ineos@firstlightgroup.io

Richard Longden | INEOS | +41 79 962 61 23 | richard.longden@ineos.com

INEOS Inovyn agrees to acquire the UK's only Ethylene dichloride asset from administration.

Fri, 21 Aug 2026 10:12:46 GMT

The transaction also includes the remaining 50% of shares of Runcorn MCP Limited owned by Vynova Runcorn Limited.
Strengthens the continuity of strategically critical chlor‑alkali operations in the UK, underpinning water treatment, chemicals production and food manufacturing.
Stephen Dossett, CEO of INEOS Inovyn, said: “This agreement reflects our confidence in the long-term future of the Runcorn site and its skilled workforce. Chlor-alkali products are essential to modern life, supporting safe drinking water, pharmaceutical and healthcare, and the materials that underpin housing and critical infrastructure. This acquisition is an important step in strengthening the UK's national resilience.”
The transaction is subject to regulatory approvals and is expected to complete later this year.

INEOS Inovyn has today confirmed that it has agreed to acquire the remaining 50% shareholding in Runcorn MCP Limited, together with the assets and employees associated with EDC production at Runcorn from Vynova Runcorn Limited, following its entry into administration in 2025. The acquisition remains subject to the completion of the necessary legal and regulatory processes.

The transaction is expected to complete later this year and will fully integrate the chlor-alkali and EDC value chain under INEOS Inovyn. By bringing these businesses together, INEOS Inovyn will strengthen the long-term future of the site and enhance security of supply for customers.

Around 98% of the chlorine used in drinking water treatment is supplied by Runcorn, highlighting the site’s critical importance to public health and national infrastructure.

The acquisition represents an important step in safeguarding the continuity of strategically critical chlor-alkali operations in the UK. These products are essential for water treatment and food manufacturing and support a wide range of industries, including pharmaceuticals, healthcare and construction. Strengthening the UK's chlor-alkali backbone is vital for strategic autonomy and national resilience.

ENDS

Media Contacts

INEOS PR | +44 (0) 207 193 9030 | ineos@firstlightgroup.io

Paul Tuohy | INEOS Inovyn +44 (0) 7766 990756 | Paul.Tuohy@ineos.com

Richard Longden | INEOS | +41 79 962 61 23 | richard.longden@ineos.com

Note to Editors

About INEOS Inovyn

INEOS Inovyn is Europe's largest producer of chlorvinyls and the global leader in speciality PVC. We deliver products that are essential for modern life, from construction and automotive, to healthcare and renewable energy. Our business is committed to play a key role in the Net Zero transition, through offering low greenhouse gas products and developing new technologies for recycling PVC

With annual sales of €3 billion, INEOS Inovyn employs circa 4,000 people and has manufacturing, sales and marketing operations in 8 countries across Europe. Our portfolio consists of an extensive range of best-in-class products arranged across General Purpose Vinyls, Specialty Vinyls, Organic Chlorine Derivatives, Chlor-Alkali, Hydrogen and Performance Chemicals. INEOS Inovyn's annual commercial production volume is approximately 9 million tonnes.

ABOUT INEOS

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. INEOS Group is a global manufacturer of petrochemicals, speciality chemicals and oil products. Our scope of operations has diversified with the launch of INEOS Automotive and the acquisition of our professional sports portfolio including football, cycling, and Formula1. INEOS comprises of 28 individual businesses, we operate 148 facilities in 26 countries around the world employing around 23,000 people.

A conversation with Sir Jim Ratcliffe on INEOS and the future of the European industry.

Tue, 04 Aug 2026 14:02:11 GMT

The latest interview with Sir Jim Ratcliffe is now available.

Filmed on the 20th July Sir Jim Ratcliffe, Chairman of INEOS, discusses the issues that matter most to the business with Tom Crotty, Director of Corporate Affairs.

The 30 minute conversation covers the future of INEOS, the state of the European chemical industry, the importance of competitive energy, the impact of artificial intelligence, and the progress being made on our €5 billion Project ONE investment in Antwerp.

Sir Jim also talks about leadership, building resilient businesses, the future of INEOS Automotive, and why culture matters. He explains why INEOS continues to back initiatives such as The Daily Mile and Forgotten Forty, and why grit, rigour and a sense of humour remain important in the company.

It is a straightforward discussion about the challenges industry faces today, the opportunities ahead, and how INEOS intends to compete and grow in an increasingly demanding world.

Watch the full interview below:

INEOS Project ONE modules escape Strait of Hormuz to reach Antwerp.

Tue, 28 Jul 2026 16:46:30 GMT

The first of two critical modules for INEOS’ €5bn engineering project in Antwerp arrived today after being trapped in the Strait of Hormuz for months.
The final two modules complete the Project ONE cracker, with the second and final module expected in the coming days.
The modules weigh approximately 7,000 tonnes and stand 55 metres high.
Construction activities at the ethane cracker site now reach peak levels in Antwerp with ~2,500 workers on site

From stuck in the strait to safe in Antwerp

INEOS has today taken delivery of the first of the last two modules, at the Port of Antwerp, to complete the Project ONE cracker.

The modules were built in Abu Dhabi but their transport to Antwerp was disrupted by the war in Iran and the blockade of the Strait of Hormuz. After being trapped for months, the two ships carrying the modules managed to safely pass through the Strait, during the one- week ceasefire in mid-June, arriving in Antwerp six weeks later, via the Suez Canal.

The final pieces fall into place: two last heavyweights complete the cracker colossus

The module transported weighs 6,920 tonnes and is 55 metres high. As such it combines the weight of almost the entire steel structure of the Eiffel Tower with the height of a medium-sized skyscraper, making it one of the most impressive project cargoes to have arrived at the Port of Antwerp in recent years. The module exceeds the weight of the Project ONE furnaces which, arrived at the Port of Antwerp last year.

The second and final module, weighing 7,200 tonnes, is due to arrive shortly allowing INEOS to complete the plant.

The vessel will remain moored at the quay for a little while longer, as the steel structures protecting the module during overseas transport need to be removed. It will then be placed in position at the heart of the plant.

John McNally, CEO of INEOS Project ONE, said: We are extremely relieved that the last two modules have arrived ‘home’ in Antwerp safely. I am already looking forward to seeing them take their final positions within the overall installation so that we can complete hooking all of our modules together and start up our cracker complex. This marks a significant milestone in the realisation of this project, which is unique in Europe.”

Modular construction concept

INEOS deliberately opted for a modular construction of Project ONE. This approach made it possible to overcome the lack of space at the Antwerp site, minimised disruption and also resulted in significant time savings: whilst process modules, crackers and pipe racks were being assembled at overseas sites, civil engineering works and the laying of foundations could begin in Antwerp in parallel. Following the phasing out of the final site in Abu Dhabi in the first quarter of this year, the focus of all activity is now in Antwerp.

~2,500 people are working on the site

Now that the civil engineering works have been completed and the final modules are being installed, the focus at the Antwerp site is on the mechanical, electrical and instrumentation work. There are currently ~2,500 workers from some 80 contractors working on site. To date, more than 14 million man-hours have been worked.

Cable laying for a total of no less than 1,250 (!) kilometres of instrumentation and electrical cables, as well as leak tests, are currently underway. In addition, various buildings are being completed, such as the administrative headquarters, the control room and the warehouses. In the first quarter of this year, the site was also permanently supplied with power following the commissioning of the 380 kV main substation. This is a key prerequisite for starting ‘commissioning’ activities.

Commissioning is a key part of the project’s implementation, ensuring a safe and reliable start-up. During this phase, all subsystems of the installation are thoroughly tested to verify that they have been implemented safely and in accordance with the design’s quality requirements. This is carried out in stages as each subsystem is mechanically completed.

The mechanical completion of the entire site is scheduled for next summer. We aim to be able to start up the cracker in the second half of 2027.

END

Press Contacts

INEOS PR | +44 (0) 207 193 9030 | ineos@firstlightgroup.io

Nathalie Meert | INEOS Belgium | +32 491 35 91 67 | nathalie.meert@ineos.com

Richard Longden | INEOS | +41 79 962 61 23 | richard.longden@ineos.com

Notes to editors:

About Project ONE

Project ONE: the ‘renaissance’ of European basic chemicals

Chemical applications that improve our quality of life have become an integral part of everyday life. INEOS aims not only to meet this need but also to fulfil climate targets.

The ethane cracker that INEOS Olefins Belgium is building in the port of Antwerp is the most sustainable of its kind. The facts speak for themselves: the carbon emissions from the cracking plant are no less than three times lower than those of the average cracker in Europe. Compared to the top 10% of performers in Europe, the Project ONE cracker emits less than half as much. This is because the best available technologies have been chosen across the board for this plant, which translates into maximum energy efficiency.

Long before the nitrogen debate flared up, INEOS had already committed to minimising its environmental impact by incorporating the two Best Available Techniques (BAT) into the design of its facilities (6 furnaces + 2 steam generators) to limit nitrogen emissions. This involves the use of low-NOx burners on the one hand, and the implementation of SCR deNOx systems at these eight emission points on the other. This combination of techniques ensures an effective 71% reduction in NOx emissions.

It has been 25 years since an investment of this scale was made in Europe. For the future of the petrochemical cluster in Antwerp – one of the key drivers of the Flemish economy – it is now more important than ever that the sector continues to innovate. Not least to remain competitive in a global market. Just as in the automotive sector, where new, more environmentally friendly models are replacing older ones, a similar market shift will occur with the arrival of Project ONE, making the sector as a whole more sustainable.

With this investment, INEOS Olefins Belgium is also creating 450 direct, high-quality jobs in the local labour market; indirectly, there are thousands more.

The ethane cracker at Project ONE will produce ethylene, one of the most widely used basic chemicals in the world. This chemical building block is used in a wide range of applications, including those designed to facilitate the energy transition, such as wind turbines, solar panels and insulation materials. By producing this ethylene with the lowest possible carbon footprint, INEOS is meeting growing market demand.

The installation is future-proof. The path to net-zero emissions is the shortest for Project ONE, not only because of its starting point, but also because the design incorporates the necessary flexibility to harness the potential of new technologies: for example, provided there is sufficient availability of low-carbon hydrogen, it is possible to run the furnaces and steam boilers entirely on this fuel, thereby reducing emissions to virtually zero.

More info: https://project-one.ineos.com/en

INEOS passes the baton to the London Marathon Foundation to help The Daily Mile reach even more children worldwide.

Wed, 15 Jul 2026 07:08:53 GMT

After ten years as Lead Partner, INEOS is passing the baton to the London Marathon Foundation to support the next phase of growth for The Daily Mile.
Since partnering with founder Elaine Wyllie in 2016, INEOS has helped grow The Daily Mile from a local Scottish initiative into a global movement reaching more than 5.5 million children in 22,000 schools across more than 100 countries.
The transition will help The Daily Mile build on its success and reach even more children in the UK while remaining true to its founding principles: simple, free, inclusive and easy for schools to implement.

INEOS has today welcomed the announcement that The Daily Mile Foundation will become part of the London Marathon Foundation, helping the programme reach even more children and schools in the years ahead.

INEOS became Lead Partner of The Daily Mile in 2016, helping establish The Daily Mile Foundation and supporting its growth from a successful local initiative into a global movement that today reaches more than 5.5 million children in 22,000 schools across more than 100 countries, supported by over 130 local partnerships

The Daily Mile began in 2012 when Elaine Wyllie MBE, then a headteacher in Stirling, introduced a simple idea: encourage children to spend 15 minutes every day walking, running or wheeling outdoors. Concerned by declining fitness levels among children, Elaine created an initiative that was free, inclusive and easy for every school to adopt.

What started in a single Scottish classroom quickly spread to around 100 schools. In 2016, INEOS partnered with Elaine and funded the creation of The Daily Mile Foundation, providing the resources, expertise and long-term support needed to scale the initiative globally. Over the past decade, The Daily Mile has become an established part of the school day for millions of children around the world.

In an interview with Sir Jim Ratcliffe earlier this year, Elaine celebrated a decade of INEOS’ support for The Daily Mile Foundation. She said: “Something which really strikes me is how INEOS has taken the Daily Mile from obscurity to being a household name - and that's incredible. What INEOS has done is going to have a huge [long term] impact on the future health of children”.

Tom Crotty, Director of Corporate Affairs at INEOS, said: "We are incredibly proud to have worked alongside Elaine and John Wyllie and The Daily Mile Foundation over the past ten years.

"Elaine recognised a growing problem and created a simple, practical solution that any school could implement. Her vision, determination and commitment have helped millions of children become more active and develop healthier habits.

"As The Daily Mile looks to reach even more children around the world, we believe the London Marathon Foundation is ideally placed to lead its next phase of growth. Their expertise and commitment to boosting young people’s physical activity will build on everything achieved over the last decade.

"We would like to thank Elaine, John, Gordon Banks, the team at The Daily Mile Foundation and all of the teachers, schools and partners who have helped make this programme such a success. We wish the London Marathon Foundation every success as they take this remarkable initiative forward."

The Daily Mile Foundation will continue to operate according to the principles that have made it such a success: simple, free, inclusive and easy for schools to implement, while benefiting from the support and experience of the London Marathon Foundation.

INEOS will continue to support the transition and looks forward to seeing The Daily Mile impact the lives of millions more children in the years ahead.

ENDS

Press contacts

INEOS and Recuro sign memorandum of understanding to construct advanced recycling facility in Norway

Thu, 09 Jul 2026 07:41:20 GMT

INEOS and Norwegian recycler Recuro sign MoU to develop an advanced recycling facility at INEOS’ Bamble site in Norway that will process up to 33,000 tonnes of end-of-life plastic waste annually
Powered by renewable energy and using advanced pyrolysis technology, the project will maximise recovery and reuse of oil and gas fractions while reducing emissions and making use of existing industrial infrastructure
The recycled feedstock will be used to produce recycled ethylene and virgin-quality recycled polyethylene suitable for demanding applications such as food and medical packaging, helping to meet the EU’s recycling requirements

INEOS and Norwegian recycling company Recuro have signed a Memorandum of Understanding to develop a state-of-the-art advanced recycling facility at INEOS’ Bamble polymer site in Norway. Once commissioned, the plant will process up to 33,000 metric tonnes of end-of-life plastic waste annually, supporting the availability of recycled feedstocks needed to meet the EU’s Packaging and Packaging Waste Regulation (PPWR) requirements.

The initiative, named ‘Full Circle’, is designed to combine environmental responsibility with economic viability by recycling waste using existing industrial infrastructure, land and services, an approach that reduces both the associated costs and overall environmental footprint.

Powered entirely by renewable Norwegian energy, the plant will be designed to operate with minimal emissions and utilize advanced pyrolysis technology, which maximizes the recovery of embedded carbon from plastic waste by retaining both the oil and gas fractions produced during recycling for further use, rather than diverting them to energy generation. Carbon is essential for producing the materials used in everyday products, and keeping carbon-based materials such as plastics in circulation is key to reducing overall CO₂ emissions.

INEOS will use the recycled product as feedstock to produce recycled ethylene at its Rafnes cracker, enabling the nearby Bamble plant to manufacture virgin-quality recycled polyethylene that meets the EU’s stringent regulatory requirements for high-performance applications such as food and medical packaging, this will lead to higher overall recycling rates.

“What makes the ‘Full Circle’ project stand out is its holistic approach,” said Arve Jakobsen, CEO of Recuro. “By reusing an existing industrial site, optimising infrastructure, and locating the plant next to a steam cracker facility, we can recover and reuse both oil and gas streams. This is circularity in its truest form.”

The project also represents a major milestone for Recuro as it advances its ambition to become a leading player in plastic recycling.

“Great outcomes are possible through strong partnerships,” Jakobsen added. “This exciting project has been made possible by the support we have received from the Norwegian government through Innovation Norway, our technology partner, Vixla, and of course, INEOS.”

Liz Rittweger, CEO of INEOS Olefins & Polymers Europe, adds: “Advanced recycling plays a critical role in expanding the potential for plastics recycling and closing the loop for high-performance applications. This project reflects INEOS’ commitment to making a low-carbon circular economy a reality for our customers and wider society. Regulators can support this effort with clear, harmonised rules that recognise advanced recycling outputs, create legal certainty, and give investors the confidence to invest in new technologies at scale.”

ENDS

Editor notes

The recycling process utilises pyrolysis, a technology that heats materials at high temperatures in the absence of oxygen to break them down into simpler components - primarily oil, gas, and char. These outputs can then be refined and reused as feedstocks for new plastic production, closing the loop on plastic waste.

Media contacts

Trade Press:
Alistair Shaw | INEOS Olefins & Polymers Europe | +44 7817458865 | alistair.shaw@ineos.com

Norway media:
Åse Dvergsdal | INEOS Norway | +47 48350626 | ase.dvergsdal@ineos.com

About INEOS Olefins & Polymers Europe

INEOS Olefins & Polymers Europe has the capacity to manufacture over 8.5 million tons of chemicals and polymers at eight sites. These are used to produce a wide range of derivative

Letter to Ursula Von Der Leyen

Mon, 06 Jul 2026 10:36:37 GMT

Ursula Von Der Leyen
President
European Commission
Brussels

Dear Madam President

I know that you are aware that the chemical industry in Europe is highly stressed currently and is well into a ‘closure phase’. Approaching 200 chemical plants have closed down during the last five years.

It is clearly a ‘critical industry’ for national security purposes. Europe cannot run hospitals, feed people or build weapons without our key products.

Since COVID we have seen a huge increase in both energy costs and carbon taxes but more recently we have been experiencing a further and even more difficult threat.

China is overbuilding its entire chemical industry, which it fully recognises is a critical ingredient for its national security. This intentional excess capacity (which is considerable) is being ‘dumped’ into our European marketplace at unsustainable prices. The result is an accelerating rate of closure of our chemical industry. China does not have superior economics for chemical manufacture so it is very clear that when our industry has shut down, prices will rise rapidly and consumers will suffer. In addition, chemicals made in China have double the carbon footprint.

Europe must be protected from unfair competition, preferably quicker than at ‘snail’s pace’. The Safeguard and/or Industrial Accelerator Act currently under review should be implemented for chemicals, one of Europe’s largest and most important sectors (employing one million people).

My second point refers to Project One in Antwerp, the first major chemical investment (€5 billion) in Europe for a generation. It produces the lowest carbon footprint ethylene in the world, the essential building block of the entire chemical industry. It has one third of the carbon footprint of other European ethylene crackers. It generates huge GVA for Europe.

This is exactly the type of investment project that Europe should welcome and be supporting. Sadly, this has not been the case. Project ONE has not received any EU funding, despite its strategic, economic, and environmental benefits. Shockingly, it was considered ineligible for the EU Innovation Fund.

In March of this year, you announced the ETS Investment Booster, with a budget of €30 billion. For Europe to maintain a viable chemical industry, this new scheme must be defined so that it can support projects such as ours, both in the planning stage, or in the execution phase. Europe needs to start giving the type of support to industry that our global competitors receive from their governments.

Yours sincerely

Sir Jim Ratcliffe
Chairman, INEOS

INEOS Enterprises completes sale of INEOS Calabrian to Ecovyst.

Tue, 30 Jun 2026 14:33:35 GMT

INEOS Enterprises has today completed the sale of INEOS Calabrian, its ultra-pure sulphur dioxide and derivatives business, to Ecovyst.
INEOS Calabrian operates manufacturing sites in Port Neches, Texas, USA and Timmins, Ontario, Canada.

INEOS Enterprises today announces the completion of the sale of INEOS Calabrian, its ultra-pure sulphur dioxide and derivatives business, to Ecovyst. The transaction, valued at $190 million, marks the successful conclusion of a strategic divestment first announced in May 2026. INEOS Calabrian operates manufacturing facilities in Port Neches, Texas, USA, and Timmins, Ontario, Canada.

INEOS Calabrian has been part of INEOS Enterprises for the past decade and is a leading North American producer of ultra-pure sulphur dioxide and related derivatives used in mining, water treatment and speciality chemical applications. During INEOS ownership, the business delivered significant improvements in safety, operational performance and financial results.

Ashley Reed, Chairman of INEOS Enterprises, said: "Today marks the successful completion of another value-creating transaction for INEOS Enterprises. Over the last ten years, our team has transformed Calabrian into a safer, stronger and more profitable business with an excellent reputation for quality and reliability."

"Calabrian is a high-quality business with talented people, loyal customers and strong market positions. We are proud of what has been achieved and thank the entire team for their commitment and contribution. Ecovyst is well positioned to support the next phase of the business’s growth and development."

The sale reflects INEOS Enterprises’ disciplined approach to portfolio management: acquiring businesses with strong potential, investing to improve their performance and creating value through operational excellence.

INEOS was advised by Piper Sandler and Slaughter & May.

ENDS

To contact Ecovyst

Visit: https://www.ecovyst.com/

Press Contacts:

INEOS opens more doors to help children

Fri, 19 Jun 2026 15:46:52 GMT

A charitable project founded by INEOS has been quietly helping to improve the lives of primary school children living in some of the most deprived parts of the UK for the past five years.

With a focus on a new cohort of primary schools, Forgotten 40 is now hoping to help lessen the impact of poverty for hundreds of other children in Liverpool, Manchester, Newcastle, Durham, Birmingham, Sunderland, Fleetwood and The Wirral.

“We are so proud of this project,” said Brian Padgett, a former HMI inspector, retired headteacher and member of INEOS’ Forgotten 40 team. “It is the best and most effective anti-poverty project I have ever witnessed in 50 years working with schools serving disadvantaged areas.”

The Forgotten 40 charity was launched by INEOS in 2020 after founder and chairman Sir Jim Ratcliffe and co-founders Andy Currie and John Reece read an article about child poverty in the UK.

After a year-long pilot scheme involving 20 schools, 100 headteachers serving some of Britain’s most deprived communities were chosen to receive a gift of up to £20,000 a year from INEOS and trusted to spend it wisely on helping children build confidence and discover that their futures could be bigger than their circumstances.

Over the years, those headteachers have used INEOS’ money to expose their pupils to things they had never experienced before.

“The support from Forgotten 40 was truly life-changing for our children,” said Iain Parks, a former Liverpool headteacher who is now director of education for the Diocese of Blackburn. “I saw children flourish because of it.”

For the first time in their lives, children tasted ice cream, felt sand between their toes, cooked meals with their parents, watched the sun set, built dens, and slept under the stars.

Others were blown away by learning to play a musical instrument, and trips to the theatre, museums, and the Lake District.

Iain, who was head at St Mary and St Paul’s Primary in Knowsley, said all children needed to feel that the future belonged to them.

“We need to show children what’s out there and what the world has to offer,” he said. “But we also need to show them the effort that is needed to get there.”

At the heart of INEOS’ Forgotten 40 project is trust.

“We know from experience that headteachers are often best placed to know what their children and families need,” said Brian. “That’s why INEOS trusted them to do what was right for their children and families.”

Some headteachers, involved in the initial project, used funding to buy beds for children who were sleeping on sofas. Others topped up families’ electricity meters to help them cope with the rising cost of living.

“It has been incredibly humbling for us as a team to see how these headteachers have been helping,” said Brian.

Twenty new headteachers have now been signed up.

Last week, they met the Forgotten 40 team for the first time at a two-day conference at the home of the Mercedes-AMG PETRONAS Formula One Team in Brackley.

Once INEOS, which is Mercedes’ principal partner, has received the teachers’ proposed initiatives, they will each be gifted £20,000 to support their children and families during the 2026/2027 school year.

Find out more

https://www.ineos.com/charities/education/forgotten-forty/

Press Contacts:

INEOS announces pricing of additional Term Loans.

Thu, 18 Jun 2026 10:09:00 GMT

PRESS RELEASE

INEOS Holdings Limited today announced that its indirect wholly owned finance subsidiaries, INEOS Finance plc and INEOS US Finance LLC, completed pricing of additional term loans under the existing Senior Secured Term Loan Agreement, in an aggregate principal amount of approximately €742 million (equivalent), in a combination of euro and U.S. dollars (the “Financing”). The net proceeds of the Financing will be used to (i) repay in full the existing euro and U.S. dollar-denominated term loans due 2028 and (ii) to pay transaction fees and expenses (collectively with the Financing, the “Transactions”). No senior secured notes will be redeemed in connection with the Transactions.

There can be no assurance that the Transactions will be completed.

Contact

For further information, please contact:

Richard Longden

Mobile: +41 (0) 799 626 123

Cautionary Statement

This press release is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States of America or in any other jurisdiction. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). No indebtedness incurred in connection with the Financing will be registered under the Securities Act.

This communication is not being distributed by, nor has it been approved for the purposes of Section 21 of the Financial Services and Markets Act 2000 (as amended) (the “FSMA”) by, a person authorized under the FSMA. Accordingly, this communication is only being distributed to and is only directed at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, (iii) are outside the United Kingdom (the “UK”), or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”). Accordingly, by accepting this communication, the recipient warrants and acknowledges that it is such a Relevant Person. The communication is directed only at Relevant Persons and must not be acted or relied upon by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates will be available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person should not take any action based upon this communication and should not rely on it.

This announcement is not a public offering in the Grand Duchy of Luxembourg or an offer of securities to the public in any European Economic Area member state made under Regulation (EU) 2017/1129, as amended, and/or the Luxembourg law dated July 16, 2019 relating to prospectuses for securities (Loi Prospectus), as amended.

Forward-Looking Statements

This press release includes “forward-looking statements,” within the meaning of the U.S. securities laws and the laws of certain other jurisdictions, based on our current expectations and projections about future events, including: the cyclical and highly competitive nature of our businesses; raw material costs and supply arrangements; currency fluctuations; our ability to conduct operations in several different countries; risks related to our increased manufacturing footprint in China; wars and other armed conflicts, including the Russian invasion of Ukraine and the conflict in the Middle East; our ability to retain existing customers, obtain new customers and maintain our competitive position; our technological and manufacturing assets and our ability to utilize them to further increase sales and the profitability of our businesses; our sales growth across our principal businesses and our strategy for controlling costs, growing margins, increasing manufacturing capacity and production levels, and making capital expenditures; impacts of climate change, including current or future regulatory requirements to reduce greenhouse gas emissions, the costs to purchase emissions allowances and the physical risks to our facilities of severe weather conditions; current or future health, safety and environmental requirements, including in relation to our products and raw materials, and the related costs of maintaining compliance with, and addressing liabilities under, those requirements; operational hazards, including the risk of accidents or other incidents that result in injury to persons or environmental contamination; outbreaks of pandemics or epidemics; our ability to comply with anti-corruption laws, economic and trade sanctions or other similar regulations; potential business interruptions due to the actions of third parties; our ability to develop new products and technologies successfully, including risks related to the safety and quality or health concerns regarding our products; changes in tax laws or the application or interpretation thereof; risks related to litigation, including product liability and loss resulting from non-payment or non-performance by our customers; our ability to attract and retain members of management and key employees; our relationship with our workforce and service providers; our ability to protect our patents, trademarks and confidential information and the integrity of our IT infrastructure; our ability to adequately protect our computer systems against information theft, data corruption, operational disruption and any other cybersecurity risks; our ability to maintain an effective system of internal controls over financial reporting; our ability to consummate any future acquisitions or developments and to successfully integrate acquired businesses with our historical business and realize anticipated synergies and cost savings, including with respect to businesses acquired; credit and capital markets conditions as well as general economic, social or political conditions, including risks associated with economic recessions and tariffs, and our customers’ access to credit; changes in pension fund investment performance or assumptions relating to pension costs; impact of the market perceptions concerning the instability of the euro; impact of the withdrawal of the UK from the European Union; risks associated with our capital structure and indebtedness; our ability to deleverage through strategic disposals of certain assets and non-core businesses; our relationship with our shareholders, affiliates and joint ventures; our significant debt service obligations, as well as our ability to generate sufficient cash flow to service our debt; and risks associated with our capital structure and our other indebtedness. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein.

All statements other than statements of historical facts included in this press release, including, without limitation, statements regarding our future financial position, risks and uncertainties related to our business, strategy, capital expenditures, projected costs and our plans and objectives for future operations, may be deemed to be forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties. Words such as “believe,” “expect,” “anticipate,” “may,” “assume,” “plan,” “intend,” “will,” “should,” “estimate,” “risk” and similar expressions or the negatives of these expressions are intended to identify forward-looking statements. In addition, from time to time we or our representatives, acting in respect of information provided by us, have made or may make forward-looking statements orally or in writing and these forward-looking statements may be included in but are not limited to press releases (including on our website), reports to our security holders and other communications.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results.

Restart of INEOS Phenol plant in Antwerp in 2027 postponed.

Wed, 17 Jun 2026 13:38:51 GMT

Market recovery still insufficient to resume production

Today, management informed the staff of INEOS Phenol in Doel that the planned restart of the Phenol Doel plant will be delayed. A possible late 2027 restart had previously been announced in June of last year however due to continued volatile market conditions in the European and global markets, on both supply and demand, the economic conditions required for a restart have not yet been sustainably reached and therefore a delay in necessary. An example of the volatile market conditions is the European automotive industry, a major consumer of INEOS Phenol’s products, where demand for European produced cars has been under severe pressure due to significantly increased imports of Chinese cars this directly impacts phenol and acetone demand in Europe. In addition to pressure on the demand for European petrochemical production high energy costs in Europe and carbon taxation, costs that our competitors do not have, have also made European petrochemical production economics extremely challenging.

As a result of today’s announcement, INEOS Phenol’s other operating site in Gladbeck (Germany) will continue production beyond 2027. The announcement was made now because resuming production at Antwerp next year would require preparation to begin immediately. In the meantime, the site in Antwerp continues to provide logistics services to supply its local customers. Importantly all necessary investments are being made to maintain the INEOS Phenol Doel plant and preserve the option to restart when market conditions have sustainably recovered to support this and all options remain open.

ENDS

Press contacts:

INEOS Agency ineos@firstlightgroup.io
Richard Longden richard.longden@ineos.com +41 7996 26123

INEOS Styrolution announces closure of Polystyrene site in Channahon, Illinois

Wed, 17 Jun 2026 12:18:09 GMT

Decision driven by market conditions, margin pressures, site cost structure, and underutilization
Remains committed to the North American PS market, with production continuing in Decatur (USA) and Altamira (Mexico)
Optimization of asset footprint to improve efficiency and strengthen long-term competitiveness

INEOS Styrolution today announced its decision to permanently close its polystyrene (PS) production site in Channahon, Illinois, with decommissioning and an orderly closure process expected to be completed in the fourth quarter of 2026.

The site, which currently employs approximately 100 people, has been a longstanding part of the INEOS Styrolution business. INEOS Styrolution recognizes the significant impact this decision will have on employees and their families and is committed to supporting affected employees throughout the transition.

“Persistent margin pressures continue to threaten the viability of our North American business as we face ongoing pressure from industry oversupply,” said Steve Harrington, CEO of INEOS Styrolution. “Following a thorough evaluation of market conditions, industry utilization rates, the site’s cost structure and long-term outlook, we have concluded that continuing operations at Channahon is no longer economically viable. At the same time, we remain confident in the long-term value of polystyrene.”

“This is a difficult decision given its impact on our employees. Their commitment and professionalism have been outstanding throughout the years. This decision reflects broader market dynamics, not the dedication or performance of our Channahon team.”

As part of its strategy to optimize its asset base, the Company will transition North American PS production from three sites to two, continuing operations at Decatur, Alabama, and Altamira, Mexico. This will enable a more efficient, focused, and reliable production network.

INEOS Styrolution remains fully committed to its Polystyrene business and will continue to serve customers across North America with high-quality materials for applications across segments such as healthcare, packaging, appliances, and construction. The company will continue demonstrating the sustainability and recyclability of PS products while supporting the long-term future of the industry.

“We continue to believe strongly in the value that polystyrene delivers to customers,” said Greg Fordyce, President of INEOS Styrolution Americas. “Its versatility, performance, efficiency, and potential to support circular solutions make it an essential material across a wide range of applications. These valuable materials require significant expertise, resources, and ongoing support to produce. By concentrating production in fewer, more efficient assets, we are strengthening our ability to serve customers reliably while reinforcing our long-term competitiveness in a challenging market environment.”

The Channahon site, located approximately 45 miles southwest of Chicago, has been in operation since 1960 and has a production capacity of approximately 400,000 metric tons. The Americas Regional Development Center (RDC), currently located at the site, will remain and continue to support innovation and new market development across all its styrenic product lines.

Safety will remain the Company's highest priority throughout the closure process to protect employees, contractors, and the local community. INEOS Styrolution sincerely appreciates the commitment and contributions of its employees, along with the continued trust and support of its customers.

About INEOS Styrolution

INEOS Styrolution is the world’s leading styrenics supplier, with a high-performing portfolio of styrene monomer, polystyrene, ABS and advanced styrenic products. With more than 90 years of innovation in materials science, INEOS Styrolution is focused on customer satisfaction with differentiated solutions that provide a competitive edge as well as investments in technology that enable closed loop recyclability for styrenics while reducing our carbon emissions. INEOS Styrolution applications can be found in many everyday products across multiple industries: including automotive, electronics, household, construction, healthcare, packaging, and toys/sports. Operating 14 production sites in eight countries, the company is a wholly owned subsidiary of INEOS Group Limited and employs approximately 2,500 people. Sales were 3.9 billion euros in 2025.

For further information, please visit: www.ineos-styrolution.com

Media contact

April Ludwikowski
press.styrolution@ineos.com
+1 331 212 5757

INEOS Announces borrowing of additional Term Loans.

Mon, 08 Jun 2026 09:35:14 GMT

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, THE UNITED KINGDOM, AUSTRALIA, CANADA, HONG KONG, OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS PRESS RELEASE.

PRESS RELEASE

INEOS Holdings Limited today announced that its indirect wholly owned finance subsidiaries, INEOS Finance plc and INEOS US Finance LLC, intend to borrow, under the existing Senior Secured Term Loan Agreement, additional term loans in an aggregate principal amount of approximately €840 million (equivalent), in a combination of euro and U.S. dollars (the “Financing”). The net proceeds of the Financing will be used to (i) repay in full the existing euro and U.S. dollar-denominated term loans due 2028, (ii) refinance in part the outstanding euro-denominated 6 ⅝% Senior Secured Notes due 2028 and/or the U.S. dollar-denominated 6 ¾% Senior Secured Notes due 2028 of INEOS Finance plc and (iii) to pay transaction fees and expenses (collectively with the Financing, the “Transactions”).

There can be no assurance that the Transactions will be completed.

Contact

For further information, please contact:

Richard Longden. +41 (0) 799 626 123

Cautionary Statement

This press release is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States of America or in any other jurisdiction. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). No indebtedness incurred in connection with the Financing will be registered under the Securities Act.

Forward-Looking Statements

INEOS and The Daily Mile Foundation celebrate decade of partnership as programme reaches 5.5 million children

Mon, 08 Jun 2026 07:20:36 GMT

The Daily Mile Foundation and INEOS today celebrate 10 years of partnership. The collaboration has helped a simple idea, born in a single Scottish classroom, grow into a global movement that now reaches more than 5.5 million children, across 22,000 schools in 100 countries, supported by more than 130 local partnerships.

The Daily Mile began in 2012, when Elaine Wyllie MBE, then a headteacher in Stirling, asked her pupils to run, walk or wheel outdoors for 15 minutes a day. Over the years she had watched children's fitness decline and was determined to turn things around. She wanted something every child could do, with no kit, no cost and no competition. The simple idea spread to around 100 schools, but without a campaign or central support behind it.

That changed in 2016. INEOS became Lead Partner and funded the creation of The Daily Mile Foundation, based in London. Over the decade since, INEOS has provided the funding and expertise to take The Daily Mile from a local initiative to an established part of the school day around the world.

[Elaine Wyllie and Sir Jim Ratcliffe Reflect on a Decade of The Daily Mile]

Each 15-minute session gives children a quarter of their recommended daily activity. Teachers report calmer classrooms and pupils who come back happier and ready to learn. And importantly third-party research links the programme to fitness gains of up to 9%.

Founder Elaine Wyllie MBE and INEOS founder Sir Jim Ratcliffe recently came together for an interview to reflect on the past decade.

Elaine Wyllie MBE, Founder and Trustee of The Daily Mile Foundation, said: The growth has been absolutely incredible, not just in terms of numbers, but the quality of the way that the Daily Mile is being adopted...It belongs to the children - they go at their own pace and all the barriers to participation in physical activity have been removed.” She continued: “What INEOS has done is going to have a huge [long term] impact on the future health of children. My hope is that it stays simple and continues to belong to the children.”

Sir Jim Ratcliffe, Founder and Chairman of INEOS, said: “I was very taken by the combination of fitness every day and getting children back into shape. You are most impressionable in your early years, so if you can get children into the habit of regular exercise when they are very young, it will continue through life and become habitual.”

The charity now wants every school and early years setting to offer 15 minutes of daily movement for every child. It will keep growing its network of partners to reach more schools and help them sustain participation over time.

Press Contacts:

INEOS Energy signs LNG supply agreement with Marubeni Corporation for delivery into Asia from 2029

Tue, 02 Jun 2026 07:00:00 GMT

INEOS Energy has signed a liquefied natural gas (LNG) supply agreement with Marubeni Corporation for delivery into Asian markets, marking the company’s first LNG deliveries into the Pacific Basin.

Under the agreement, INEOS Energy will supply LNG on a Delivered Ex-Ship (DES) basis, providing reliable and flexible access to LNG for key Asian markets.

The agreement represents an important milestone in INEOS Energy’s LNG growth strategy, extending its portfolio beyond the Atlantic Basin into one of the world’s most dynamic LNG demand regions.

David Bucknall, CEO of INEOS Energy, said: “This agreement with Marubeni marks an important milestone for INEOS as we expand our LNG activities into Asia. The Pacific Basin is a key growth market for LNG and this deal provides a platform for growth in the region.

We continue to build a diversified and flexible LNG portfolio and are delighted to have Marubeni as a strong and established partner.”

Masahiro Yamazaki, Chief Operating Officer, Energy & Chemicals Div of Marubeni Corporation said: “We are grateful to conclude this agreement with INEOS Energy and looking forward for the collaboration in the global LNG sector.”

Asia continues to be a key global LNG demand centre, underpinned by structurally growing energy requirements and fuel switching across the power and industrial sectors. This agreement supports continued access to secure and flexible LNG supply in the region.

The transaction further reinforces INEOS Energy’s strategy to develop a globally diversified LNG portfolio, spanning Atlantic and Pacific Basin markets, and to provide reliable energy solutions to customers worldwide.

ENDS

Press contacts:

INEOS Agency ineos@firstlightgroup.io
Richard Longden richard.longden@ineos.com +41 7996 26123
Peter Hindsberger (peter.hindsberger@ineos.com)

About INEOS Energy

INEOS Energy is the energy division of INEOS, a multinational chemical company that operates across a variety of industries including petrochemicals, specialty chemicals, and oil and gas. The business was established in 2020 to oversee the company's growing portfolio of energy-related businesses, which includes exploration and production, as well as trading of oil and gas.

The company's exploration and production activities focus on onshore and offshore oil and gas assets in the North Sea, in the UK, Denmark and USA. In recent years, it has made investments in low-carbon technologies, including Carbon Capture and Storage, and hydrogen.

INEOS Energy leads a consortium which completed the world’s first cross border offshore carbon capture and storage project. The Greensand project has potential sequestration volumes of 1.5 million tonnes of CO₂ per year by 2025, increasing to a potential 8 million tonnes of CO₂ per year by 2030.

In 2022 we integrated our business with INEOS Energy Trading. More recently the trading division has added LNG and carbon credits to the portfolio. The trading team also work closely with INEOS Shipping division, whilst also providing qualified expertise to the wider INEOS group. We believe the two arms of the Energy trading and upstream business units work nicely in tandem with one another to bring the best value for our customers and to confidently operate through the energy security and transition eras.

INEOS announces closing of offering of senior secured notes due 2031

Mon, 11 May 2026 17:05:00 GMT

PRESS RELEASE

INEOS Holdings Limited today announced that its direct wholly owned subsidiary, INEOS Finance plc (the “Issuer”), has completed its previously announced offering (the “Offering”) of €700 million aggregate principal amount of 7⅞% senior secured notes due 2031 (the “Notes”). The Issuer intends to use the gross proceeds from the Offering to (i) repay in full the outstanding senior secured term loans due 2027 under the credit agreement dated as of April 27, 2012 (as amended and restated) (the “Credit Agreement”) and (ii) repay a portion of the amounts outstanding under the U.S. dollar-denominated senior secured term loans due 2028 under the Credit Agreement (collectively, the “Transactions”).

Contact

For further information, please contact:

Richard Longden

Mobile: +41 (0) 799 626 123

Cautionary Statement

This press release is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States of America or in any other jurisdiction. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. The Notes will be offered in a private offering exempt from the registration requirements of the Securities Act and will accordingly be offered only to: (i) qualified institutional buyers pursuant to Rule 144A under the Securities Act and (ii) certain persons outside the United States in compliance with Regulation S under the Securities Act.

The target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, “MiFID II”). The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of the following: (i) a “retail client” as defined in point (11) of Article 4(1) of MiFID II; (ii) a customer within the meaning of Directive 2016/97/EU (Insurance Distribution Directive), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a “qualified investor” as defined in Regulation (EU) 2017/1129 (as amended, the “EU Prospectus Regulation”). Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the “EU PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the EU PRIIPs Regulation.

The Notes are not intended to be offered, sold, distributed or otherwise made available to and should not be offered, sold, distributed or otherwise made available to any retail investor in the UK. For these purposes, a retail investor means a person who is not a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (“EUWA”). Consequently, no disclosure document required by the FCA Product Disclosure Sourcebook (the “DISC”) for offering, selling or distributing the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering, selling or distributing the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the DISC and the Consumer Composite Investments (Designated Activities) Regulations 2024.

In addition, the Notes are not intended to be offered, sold or otherwise made available, and should not be offered, sold or otherwise made available, in Belgium to any consumer (consument/consommateur) within the meaning of the Belgian economic law code (Wetboek van economisch recht/Code de droit économique), as amended from time to time.

This press release is not intended to constitute an offer or solicitation to purchase or invest in the Notes. The Notes will not be publicly offered, sold or advertised, directly or indirectly, in, into or from Switzerland within the meaning of the Swiss Financial Services Act (“FinSA”) and will not be admitted to any trading venue (exchange or multilateral trading facility) in Switzerland.

This announcement is not a public offering in the Grand Duchy of Luxembourg or an offer of securities to the public in any EEA member state made under the EU Prospectus Regulation and/or the Luxembourg law dated July 16, 2019 relating to prospectuses for securities (Loi Prospectus), as amended.

INEOS and Shell agree to progress new oil and gas opportunities in the Gulf of America.

Tue, 05 May 2026 07:05:06 GMT

New exploration and development opportunities targeted near existing Appomattox infrastructure
Disciplined growth strategy strengthens energy security and expands INEOS Energy’s upstream portfolio

INEOS Energy and Shell Offshore Inc., a subsidiary of Shell plc, have today agreed to jointly invest in exploration and development opportunities, strengthening their collaboration and supporting long-term energy security, from areas in tieback distance to the Appomattox platform in the Gulf of America. INEOS is acquiring a 21% working interest for an undisclosed amount, consistent with its ownership in Appomattox, Rydberg, the recent Nashville discovery, and the Mattox pipeline.

The agreement will initially focus on three exploration and production opportunities:

Shell's pre-FID Fort Sumter discovery
Drilling of the Sisco exploration well
A further exploration well targeted by the end of 2030

The agreement supports INEOS Energy's broader growth strategy, building on established positions in the Gulf of America, Eagle Ford South Texas, offshore Denmark and the UK Continental Shelf, while further strengthening collaboration with Shell to pursue future growth and expansion opportunities.

INEOS Energy is committed to working together with Shell to unlock additional value from the Appomattox host platform. This agreement builds on a state-of-the-art facility, integrating the early production assets of Appomattox and Rydberg with existing pipeline infrastructure to deliver high-margin barrels.

David Bucknall, CEO of INEOS Energy, said: "Partnering with Shell on these opportunities is a natural step. We are focusing on areas close to existing infrastructure where we can move quickly, control costs and unlock new production. This is disciplined growth targeting exploration, shared risk, and returns. These opportunities strengthen our portfolio and support long-term energy security."

This agreement marks another step in INEOS Energy's strategy to expand its global upstream portfolio while maintaining capital discipline and leveraging partnerships with leading operators.

ENDS

Press contacts

INEOS Agency ineos@firstlightgroup.io

Richard Longden richard.longden@ineos.com +41 7996 26123

Peter Hindsberger (peter.hindsberger@ineos.com)

Notes to Editors

About INEOS Energy

INEOS announces launch of offering of Senior Secured Notes due 2031

Tue, 05 May 2026 06:00:00 GMT

PRESS RELEASE

INEOS Holdings Limited today announced that its direct wholly owned subsidiary, INEOS Finance plc (the “Issuer”), has launched an offering (the “Offering”) of euro-denominated senior secured notes due 2031 (the “Notes”) in an aggregate principal amount of €400 million. The gross proceeds of the Offering will be used to (i) repay in full the outstanding senior secured term loans due 2027 under the credit agreement dated as of April 27, 2012 (as amended and restated) (the “Credit Agreement”) and (ii) repay a portion of the amounts outstanding under the U.S. dollar-denominated senior secured term loans due 2028 under the Credit Agreement (collectively, the “Transactions”).

There can be no assurance that the Transactions will be completed.

Contact

For further information, please contact:

Richard Longden: +41 (0) 799 626 123

Cautionary Statement

This Offering is being made by means of an offering memorandum. This press release is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States of America or in any other jurisdiction. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. The Notes will be offered in a private offering exempt from the registration requirements of the Securities Act and will accordingly be offered only to: (i) qualified institutional buyers pursuant to Rule 144A under the Securities Act and (ii) certain persons outside the United States in compliance with Regulation S under the Securities Act.

In addition, the Notes are not intended to be offered, sold or otherwise made available, and should not be offered, sold or otherwise made available, in Belgium to any consumer (consument/consommateur) within the meaning of the Belgian economic law code (Wetboek van economisch recht/Code de droit économique), as amended from time to time.

Forward-Looking Statements

Sir Jim Ratcliffe answers questions about INEOS and its businesses.

Mon, 04 May 2026 10:34:53 GMT

Filmed at the end of April, Tom Crotty Director of Corporate Affairs at INEOS puts questions to Sir Jim Ratcliffe from employees across the company on the key issues shaping the business today. He shares insights on the impact of the Middle East situation, the outlook for chemicals and energy markets, and why Project ONE remains a game-changing investment for Europe despite current challenges.

Jim also discusses industry cycles, competitiveness, debt, and the importance of first-quartile assets, cash discipline, and reliability. Looking ahead, he reflects on growth opportunities in the US, China and oil & gas, while reinforcing INEOS’ core principles of grit, rigour and a strong federal model.

The conversation also touches on innovation, sustainability priorities, leadership lessons, and INEOS initiatives beyond chemicals, including automotive, sport and the Six Rivers environmental programme.

A wide-ranging and candid discussion on where INEOS stands today and where it’s heading next.

INEOS Enterprises agrees to sell INEOS Calabrian to Ecovyst.

Fri, 01 May 2026 09:56:00 GMT

INEOS Enterprises has agreed to sell INEOS Calabrian, its ultra-pure sulphur dioxide and derivatives business, to Ecovyst.
INEOS Calabrian operates manufacturing sites in Port Neches, Texas, USA and Timmins, Ontario, Canada.
Completion is expected by the end of June 2026.
Until completion, INEOS Enterprises will continue to operate the business as usual, with no change to customer or supplier arrangements.

Ashley Reed, Chairman of INEOS Enterprises, said:

INEOS Calabrian has been part of INEOS Enterprises for the past ten years, during which time it has delivered significant improvements in safety, operational performance and financial results. This transaction, valued at $190 million, reflects our disciplined approach to portfolio management — acquiring businesses, improving them at pace, and realising value.

Calabrian is a strong, well-positioned semi-speciality chemicals business. However, it is not a core fit within INEOS’s long-term portfolio. Ecovyst is well placed to take the business forward and support its next phase of growth.

INEOS was advised by Piper Sandler and Slaughter and May.

ENDS

Press Contacts:

Note to Editors

INEOS Enterprises comprises a portfolio of businesses manufacturing chemical products in Northern Europe USA and Canada. The business is focused on the developing needs of its customers and rapid growth through investment in new products and manufacturing facilities or by acquisition. It has sites are in the UK, Germany, Sweden, Switzerland, Canada and the USA. Visit www.ineosenterprises.com to learn more.

INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products which are supplied by our 29 separate businesses. These products form the basis of industries that touch much of our daily life, from medicines to mobile phones; agriculture to automotives; construction to technology and textiles. Even the components essential for renewable energy. INEOS operates 153 sites across 26 countries, generates $50 billion annually and employs over 24,500 people. Complementing our core business, INEOS is making an impact across a range of elite sports and becoming increasingly known in the automotive sector, with the Grenadier (our uncompromising 4x4). For more information, visit: www.ineos.com

INEOS Acetyls and Sandpiper chemicals announce strategic collaboration for the development of a low carbon methanol project in Texas City, Texas.

Wed, 29 Apr 2026 10:32:15 GMT

Landmark facility to produce low-carbon methanol, supporting the energy transition and creating hundreds of jobs along the Gulf Coast

INEOS Acetyls and Sandpiper Chemicals, LLC today announced the formation of a strategic collaboration in support of Sandpiper’s low carbon methanol production facility in Texas City, Texas. INEOS will become a shareholder and an anchor customer of Sandpiper. The project represents a significant milestone in Sandpiper’s commitment to accelerating the clean energy transition and delivering competitively priced chemical feedstocks to global markets.

Project Overview

The low carbon methanol facility will be located on INEOS’ Texas City site, leveraging the region’s established petrochemical infrastructure, deep-water port access, and skilled workforce. Sandpiper’s plant is designed to produce approximately 1.1 million metric tons per annum (MTPA) of low carbon methanol utilizing natural gas with carbon capture, targeting a carbon intensity significantly below the conventional methanol production benchmark. Up to 300,000 tons per year will be consumed by INEOS for its Acetic Acid production.

The project is expected to enter the Front-End Engineering and Design (FEED) phase in Q2 2026, with a Final Investment Decision (FID) targeted for 2027 and first production anticipated in 2030. Total project investment is estimated at approximately USD 1.7 billion.

Declan Sealy, Business Director, INEOS Acetyls said,“Low carbon methanol is increasingly recognized as a critical fuel and feedstock for the maritime, chemical, and energy sectors. INEOS is pleased to support Sandpiper’s development of this facility at our Texas City plant as it will position us at the forefront of a rapidly growing global market for sustainable fuels. We are excited by the economic and environmental impact this project will create.”

Peter Nassab, Chief Executive Officer, Sandpiper Chemicals, LLC said, “This venture is a defining step in our strategy to build a lower-carbon methanol portfolio. INEOS’ Texas City site offers world-class infrastructure, an advantaged gulf coast location and a talented workforce, making it the ideal location for a project of this scale and ambition. We are grateful for INEOS’s support, and we look forward to bringing this facility to life and delivering real value to our stakeholders.”

Strategic Rationale and Market Opportunity

Methanol is one of the world’s most widely traded commodity chemicals, with global demand exceeding 100 million metric tons annually. Demand for low carbon methanol is forecast to grow substantially over the coming decade, driven by its adoption as a marine fuel compliant withdecarbonization mandates, as well as its expanding role in chemical manufacturing. Texas City’s proximity to major shipping lanes in the Gulf of Mexico further enhances the project’s commercial competitiveness.

Economic and Community Impact

The project is expected to create approximately 1500 construction jobs at peak activity and 25 permanent positions upon commissioning. The project will generate significant tax revenues forGalveston County and the State of Texas. Sandpiper and INEOS are committed to engaging with local communities, educational institutions, and workforce development programs throughout the project lifecycle.

Environmental Commitment

The facility will incorporate carbon capture and storage (CCS) technology targeting a capture rate of 97% of process CO₂ emissions, alongside best-in-class water management and air quality Controls.

END

INEOS PR | +44 (0) 207 193 9030 | ineos@firstlightgroup.io

Richard Longden | INEOS | +41 79 962 61 23 | richard.longden@ineos.com

About Sandpiper

Sandpiper Chemicals, LLC is headquartered in Houston, Texas. Sandpiper’s team of seasoned professionals have developed and implemented chemical and petrochemical projects worldwide. The Texas City project will be Sandpiper’s third methanol development and one of the first blue methanol projects in the U.S.

For more information, visit: www.sandpiperchemicals.com

About INEOS

INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products which are supplied by our 29 separate businesses. These products form the basis of industries that touch much of our daily life - from medicines to mobile phones; agriculture to automotives; construction to technology and textiles. Even the components essential for renewable energy. INEOS operates 154 sites across 27 countries, generates $55 billion annually and employs over 24,500 people. Complementing our core business, INEOS is making an impact across a range of elite sports and becoming increasingly known in the automotive sector, with the launch of the Grenadier (our uncompromising 4x4).

For more information, visit: www.ineos.com

Sir Jim Ratcliffe and Brian Gilvary INEOS discuss the global energy landscape

Thu, 23 Apr 2026 14:42:22 GMT

At a moment when energy security has reasserted itself as a first-order geopolitical concern, Britain finds itself pursuing a policy that can only be described as wilfully self-harming. The refusal by Ed Miliband to open new North Sea licences, combined with Rachel Reeves’ continued reliance on the Energy Profits Levy, amounts not to a coherent transition strategy, but to a form of ideological political vandalism.

Today we are publishing an in-depth conversation with Sir Jim Ratcliffe Chairman and Founder of INEOS and Brian Gilvary Chairman of INEOS Energy, previously CFO BP, on the global energy landscape amid geopolitical disruption. Filmed during the early stages of the Iran conflict, the discussion explores the impact of constrained oil and gas supply on prices, inflation, and global markets. The interview also examines the shifting balance between the US and Europe in energy investment, the challenges of regulation and energy security, and the future role of fossil fuels, renewables, and emerging technologies. Insightful and candid, this film offers a rare look at how industry leaders view the forces shaping the world’s energy future.

Sir Jim Ratcliffe: “Will INEOS’ Project ONE be Europe’s last investment in the Petrochemicals industry?”

Wed, 22 Apr 2026 13:38:59 GMT

€4.5 billion invested by INEOS in Project ONE will cut CO₂ emissions by two thirds and secure the chemicals Europe depends on for healthcare, food, energy and defence.
This is exactly the kind of project Europe claims to support, yet the “Innovation Fund” has turned it down. If Project ONE doesn’t qualify, the system is not working.
The new ETS Investment Booster is a test of the Commission’s credibility. If Europe is serious about decarbonising industry and staying competitive, it must back real projects, happening now, at scale, not distant ambitions.
Investors are watching. Ignore projects like this and capital will keep leaving and with it the trillion-euro chemical industry that underpins Europe’s economy.
Support projects like Project ONE or accept this could be the last of its kind in Europe.

INEOS is investing €4.5 billion in a world-scale, state-of-the-art petrochemical facility in Antwerp that slashes carbon emissions by two thirds compared to the average cracker in Europe. The trillion Euro chemical industry is one of Europe’s largest and most important sectors.

Whilst Europe sees a growing list of closures - 200 in the last 3 years - and companies exiting the region to focus on investments in the US and China, INEOS alone is committing to Europe through the investment in the only new cracker to be built in Europe in 30 years.

The Project ONE cracker will be Europe’s most energy efficient cracker for the production of ethylene, a vital raw material which is a key building block for the whole of the chemical industry in Europe, thereby supporting critical sectors such as health and pharmaceuticals, food, clean water, technology and communications, energy, and defence. Without these chemicals Europe cannot run hospitals, feed people, or build armaments. It is essential for national security.

Investments such as this are not only necessary to enable Europe to meet its CO2 emission reduction targets but are also vital to enhance European competitiveness and safeguard supplies of strategically important raw materials.

However, despite these credentials, INEOS’ Project ONE has not received any support from EU funding programmes, such as the Innovation Fund which describes itself as “the EU fund for climate policy, with a focus on energy and industry” and claims to “bring to the market solutions to decarbonise European industry and support its transition to climate neutrality while fostering its competitiveness”. If Project ONE does not meet these objectives, then what does?

The European Commission has recently announced a new fund - the ETS Investment Booster. If Europe is serious about supporting investment in decarbonisation of its industry, then this fund needs to support real-world, real-time investments such as Project ONE, otherwise industry will lose any remaining confidence in Europe and Project ONE risks being Europe’s last meaningful investment in the one trillion Euro chemical industry. Project ONE needs support from Europe.”

ENDS