As of May 1st, 2024, INEOS Oxide and LyondellBasell (LYB) concluded the transaction for the sale of LYB’s Ethylene Oxide & Derivatives (EO&D) business and its associated production facilities located in Bayport, Texas, to INEOS.

Tobias Hannemann, CEO of INEOS Oxide, expressed satisfaction with the finalization of this strategic acquisition in the U.S. He noted that INEOS Oxide, already a prominent producer in Europe, is taking a significant leap by expanding its Ethylene Oxide & Derivatives business into the world's largest market, the U.S. Additionally, he highlighted how this acquisition complements the company's existing Ethanolamines production facility in Plaquemine, Louisiana.

"The Bayport location provides abundant land to accommodate INEOS' expansion strategies, positioning it ideally for our third-party business growth. This setup allows for customer co-location and integration into our established Ethylene Oxide & Derivatives platform. We are excited about the prospect of assimilating the business, site, and the proficient, driven team into the larger global INEOS group."

The Bayport EO&D operation specializes in manufacturing high-purity ethylene oxide and its related derivatives. Its exceptional performance and esteemed market standing are bolstered by access to cost-advantaged feedstocks and efficient logistics networks.

Peter Vanacker, CEO of LyondellBasell, stated, "The divestment of the EO&D business signifies advancement in our company strategy, enabling us to concentrate on enhancing our core operations. We trust that the EO&D team will flourish under new ownership and are dedicated to working closely with INEOS to ensure a smooth transition."

The finalization of the transaction comes after the Bayport facility concluded its scheduled maintenance and fulfilled all regulatory and other standard closing requirements.

INEOS Oxide stands as Europe's leading producer of ethylene and propylene-based chemicals. Our robust and prosperous enterprises are centered on ethylene and propylene oxides, along with their derivatives, oxo-alcohols, acetate esters, and ethylidene norbornene. This diverse product range plays a fundamental role in the daily lives of millions, serving as the foundational raw material for agrochemicals, construction materials, engineering polymers, lubricants, antifreeze, automotive brake fluids, pharmaceuticals, and personal care items. Our manufacturing operations are spread across four distinct facilities situated in Europe (Belgium, France, and Germany) and the USA (Louisiana). These sites strategically position themselves within the primary petrochemical hubs of both continents, fostering manufacturing synergies and ensuring close proximity to suppliers and clientele.

INEOS, a global petrochemicals manufacturer, comprises 36 distinct businesses and operates 182 facilities across 31 countries worldwide, providing employment to 25,000 individuals. The company produces the raw materials and energy vital for everyday life, making an indispensable contribution to society. Its products are essential in various applications, from food preservation to clean water provision, and from the construction of renewable energy technologies to the manufacturing of lightweight and fuel-efficient vehicles and aircraft.