Print. INEOS To Invest $2B In Saudi Arabia INEOS signs agreement with Saudi Aramco and Total to build its first ever plants in the Middle East. It comprises 34 businesses each with a major chemical company heritage. Ineos is to invest €2.7bn in two new petrochemical plants in north-west Europe as the group takes advantage of importing cheap shale gas from the US. As such it is a major development for the European petrochemical industry. 11 September 2018. Ineos has stepped in to fund it despite fierce criticism from UK parliamentarians and clean sport advocates about the team’s approach to anti-doping procedures. Ineos, owned by the UK’s richest person, Sir Jim Ratcliffe, will invest $2bn (£1.6bn) in Saudi Arabia for the construction of three chemical plants. 1:22 PM. Lyndhurst, UK, 19th February 2007: Following approval by the National Development Reform Commission (China), the Ministry of Commerce and the Jiangsu Province Administration of Industry and Commerce, INEOS Phenol has announced its intention to invest in a 400,000 tonne phenol plant in Zhangjiagang, Jiangsu Province, China. INEOS to invest $2B. The three world-scale plants will produce the key building blocks for carbon fibre, engineering polymers and synthetic lubricants that are pivotal to economic growth in the region. The £150m investment will also bring production of an important raw material back to the UK. A new state-of-the-art 425,000 tonne acrylonitrile plant, will use INEOS’ world leading technology and catalyst. RSS. By investing in Saudi Arabia, INEOS hope to gain access to competitive raw materials and energy to directly serve customers in the Middle East and Asia. INEOS is a global chemicals company with a facility at Saltend in Hull (Image: PA) June 4, 2019. Top Stories US confirms one million virus cases. ... employees and contractors and an ongoing programme of investment in safety. Ineos is investing $3.4 billion in the heart of the Belgian industrial port of Antwerp to build a “world-scale” ethane cracker with a propane dehydrogenation unit. Its network spans 183 sites in 26 countries throughout the world. INEOS has signed a Memorandum of Understanding with Saudi Aramco and Total, France, to build three new plants as part of the Jubail 2 complex in The Kingdom of Saudi Arabia.

Jim Ratcliffe Chairman of Ineos said: “This is a major milestone for Ineos that marks our first investment in the Middle East. INEOS CEO and chairman Jim Ratcliffe explained: "Our investment in a world-class ethane cracker and PDH plant is the largest of its kind in Europe in more than a generation. The location in The Kingdom of Saudi Arabia will give Ineos access to competitive raw materials and energy, with well invested infrastructure, to better serve customers directly in the Middle East and markets across Asia. Sir Jim Ratcliffe, INEOS’ chairman, said “This is a major milestone for INEOS that marks our first investment in the Middle East. INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. Ineos to invest £60m in new furnace at Grangemouth .