Ineos: Latest News

<rss version="2.0" xmlns:media="http://search.yahoo.com/mrss/" xmlns:content="http://purl.org/rss/1.0/modules/content/"> <channel> <title>Ineos: Latest News</title> <link> https://www.ineos.com/rsspage/ </link> <description> INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 15 businesses each with a major chemical company heritage. </description> <item> <link> https://www.ineos.com/news/ineos-group/150-billion-value-to-the-uk-economy-from-the-north-sea-is-at-risk.-ineos-calls-for-urgent-reform-of-uk-energy-tax </link> <title>£150 Billion value to the UK economy from the North Sea is at Risk. INEOS Calls for Urgent Reform of UK Energy Tax</title> <description>The following opinion piece is written by Sir Jim Ratcliffe, Chairman and CEO of INEOS Competitively priced energy is key to growth in an advanced economy. This has been proven many times in the last two centuries. But UK Government tax policy on energy is squeezing the life out of our abundant energy reserves in the North Sea.
The US taxes the oil and gas industry at 21pc - the same corporate rate as other industries, with a total effective tax take&nbsp; from offshore operations of around 40% and investment there are at an all time high. Tax rates in the UK on energy are 78% and investments are at an all time low.
The result of this strategy is that we import most of our energy from abroad. It is expensive. It leaves the UK strategically vulnerable as Europe discovered from its dependance on Russian supplies. It removes North Sea jobs from the UK economy. And it hinders growth in manufacturing.
The UK Government should be bold. Remove the EPL and return tax rates for its strategic energy sector to levels competitive with the USA . Then investment will return.
The UK&rsquo;s North Sea oil and gas industry has kept the lights on, heated homes and turned the wheels of industry for more than 50 years. Since production started, the equivalent to around 50 billion barrels of oil and gas have been produced, contributing about half a trillion &nbsp;in production taxes to the UK Treasury.
INEOS has been a big part of that. We supply natural gas to the UK from gas fields off Humberside and the Orkneys &nbsp;and our stake in the Greater Laggan Area. In 2017, we also acquired the Forties Pipeline System, which transports oil and gas from over 80 offshore fields roughly half of North Sea Production.
We are happy to pay our taxes on earnings from operations in the North Sea, but we need a stable tax regime that gives us the certainty to plan and invest for the long term.
In 2022, the Energy Profits Levy (EPL) was introduced as a windfall tax in response to a steep rise in energy prices due to the crisis created by the war in Ukraine. Subsequently there have been three further changes to the EPL, increasing and extending the tax. All this has created acute fiscal uncertainty for the oil and gas industry. Today the headline tax rate on the industry&rsquo;s production profits stands at 78% - a rate set when prices peaked three years ago - and which has remained in place, despite oil and gas prices trending back towards pre-crisis levels. The Energy Profits Levy is flawed. Its success is short-term, trading near-term tax gain for long-term damage to the UK oil and gas industry. As a tax raising mechanism, it is a failure. Capital is migrating abroad resulting in lower investment, lower production and lower UK tax receipts, offsetting the short-term EPL tax gains. However, the real cost isn&rsquo;t lower tax receipts, it is the damage to the wider UK economy and the climate.
According to Offshore Energies UK, the industry body whose <a href="https://oeuk.org.uk/product/business-outlook-report-2025/">Business Outlook</a> was published this week, the UK is on track to extract up to 4bn barrels of the 13 to 15bn required domestically by 2050. However, a further 3bn barrels will remain untapped due to current tax and energy policy. This production would add &pound;150bn of gross value to the UK economy. Instead we will export this value to other economies with a more sensible tax and energy policy, and all for no benefit to the environment. By asking them to produce oil and gas for us, it means the lost UK production will be replaced by more expensive imports with a higher carbon footprint. The industry estimates there are currently &pound;30bn worth of investment opportunities requiring the right fiscal conditions to be unlocked. This investment alone would have an economic value of &pound;60bn - now at risk of being lost to the UK. On top of this, there are significant wider detrimental impacts of the windfall tax to the UK. Reduced investment and steepening production decline will lead to fields and production hubs shutting down earlier, accelerating decommissioning. Decommissioning activity is simply expenditure not investment and results in reduced tax take. It is estimated that the total industry costs from 2024 onwards for decommissioning all UK oil and gas infrastructure are in the order of &pound;45bn. Exchequer cost of tax relief associated with this is estimated to be &pound;11bn <a href="https://www.nstauthority.co.uk/media/x0zj5okf/estimates-of-the-remaining-exchequer-cost-of-decommissioning-uk-upstream-oil-and-gas-infrastructure-december-2024.pdf">according to the North Sea Transition Authority</a> (NSTA). The NSTA, the government&rsquo;s regulators, have confirmed the UK has significant remaining oil and gas resources offshore. Much of the NSTA&rsquo;s contingent resources are in mature, developed areas. But these resources will become stranded without the infrastructure to produce them. Premature closure of vital hubs will result in future resources being permanently lost. Reduced UK production will result in increased imports, with less security of supply. The UK came perilously close to energy blackouts during this January&rsquo;s cold snap, when the wind stopped blowing. With one week of gas storage and strained electricity supply, the National Grid was forced to issue emergency market notices. These warnings, and the threat of energy blackouts, will only become more frequent and more serious as domestic gas production falls and critical infrastructure is prematurely decommissioned. The UK relies on oil and gas for 75% of its total energy needs, with UK production currently providing approximately 50% of that total demand. Imported LNG has a significantly higher carbon footprint than domestically produced gas. Production, processing and transport processes generate almost four times the amount of CO2 than the equivalent amount of piped gas. The Government response is that &ldquo;Sprinting to clean power by 2030 is the only way the UK can take back control of its energy and protect both family and national finances from fossil fuel price spikes.&rdquo; This is simply not practical given the intermittency of solar and wind and the constraints within the National Grid. Compare all this to the US where production is at an all-time high and where the fiscal policy is highly effective and stable, providing an investable business environment and security of supply of domestic energy. Change is needed. The UK North Sea is a strategic national economic asset. It will continue to be an essential resource for supporting UK energy security for many years to come as we move through the energy transition. However, the right policy environment is required to ensure it can deliver. A lower tax rate that provides balanced risk and reward and long-term certainty would help create an investable environment once again, which would be more beneficial to the UK economy in the long run compared to the current EPL &lsquo;feast and famine&rsquo; policy. &nbsp;</description> <pubDate>Thu, 03 Apr 2025 17:10:44 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/contentassets/084e2e28d55a495999bea235a901b262/unity-platform.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/shared-news/ineos-energy-completes-the-acquisition-of-oil-and-gas-assets-in-us-gulf-from-cnooc/ </link> <title>INEOS Energy completes the acquisition of oil and gas assets in US Gulf from CNOOC</title> <description><ul>
<li>The completion of the deal marks the third major investment by INEOS Energy in the USA, in the past three years and increases capital spend on energy assets by INEOS in the USA to above $3bn.</li>
<li>The deal increases INEOS Energy&rsquo;s global production to over 90 thousand barrels of oil equivalent per day.</li>
<li>Brian Gilvary Chairman of INEOS Energy said:&nbsp;&ldquo;This is a major step for us into the deepwater US Gulf, which builds on our growing energy business. INEOS Energy is all about competing in the energy transition to provide reliable, affordable energy to meet world demand as the population continues to grow. And progressing carbon storage projects.&rdquo;</li>
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INEOS Energy has today announced the completion of the acquisition of the US Gulf business held by CNOOC Energy Holdings U.S.A. Inc., a U.S. subsidiary of CNOOC International Limited (&ldquo;CNOOC&rdquo;).
The deal increases INEOS Energy&rsquo;s production globally to over 90 thousand barrels of oil equivalent per day and marks the third major investment by INEOS Energy in the USA, in the past three years, following the 1.4 mtpa LNG deal completed with Sempra in December 2022 and the acquisition of Chesapeake Energy&rsquo;s oil and gas assets in South Texas in May 2023. &nbsp;
The business now transfers into INEOS Energy. Its US Gulf assets and strategic partnerships in major U.S. energy projects, will further complement INEOS&rsquo; existing US onshore portfolio.
The deal includes a portfolio of non operated assets built around two deep water early production assets (Appomattox and Stampede) in the US Gulf. In addition, INEOS acquires several mature assets and supporting business. &nbsp;&nbsp;
David Bucknall CEO INEOS Energy said, "The USA is a very attractive place for INEOS Energy to invest. This is our third deal in three years following the 1.4 mtpa LNG deal with Sempra and the acquisition of Chesapeake Energy&rsquo;s oil and gas assets in South Texas. Total capital spend on energy assets in the USA now exceeds $3billion, providing a strong platform for future growth.&rdquo; 
INEOS Energy is committed to a dual track approach, to meet society's energy needs through the current energy transition and to investment in carbon storage. The business is actively producing and trading oil, gas, power and carbon credits, as well as investing in LNG, and Carbon Capture and Storage.
ENDS&nbsp;
Press contacts INEOS Agency <a href="mailto:ineos@firstlightgroup.io">ineos@firstlightgroup.io</a> Peter Hindsberger (<a style="--tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; letter-spacing: -0.256px;" href="mailto:peter.hindsberger@ineos.com">peter.hindsberger@ineos.com</a>) Richard Longden (richard.longden@ineos.com)&nbsp;&nbsp; +41 7996 26123
Notes to Editors 
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&rsquo;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. INEOS is also part of a consortium of eleven companies that support the large-scale deployment of carbon capture and storage (CCS) technology in Houston, Texas. The potential storage capacity in the Houston area alone could lead to capturing and safely storing up to 50 million metric tons of CO2 per year by 2030 and about 100 million metric tons by 2040.
INEOS is involved in several projects to develop demand for hydrogen, replacing existing carbon-based sources of energy, feedstocks and fuel. It expects to develop further partnerships with leading organisations involved in the development of new applications.
The company has also pledged to reduce its carbon footprint and achieve net-zero emissions by 2050.</description> <pubDate>Wed, 02 Apr 2025 07:18:29 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/contentassets/2a6caf767a8f4341a95f692a88adb005/appomattox-low-res.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/ineos-statement-on-new-zealand-rugby/ </link> <title>INEOS Statement on New Zealand Rugby</title> <description>Monday 31 March, 21.30pm GMT
INEOS Statement on New Zealand Rugby
New Zealand Rugby and INEOS can confirm that a settlement has been reached between the two parties. Whilst the details remain confidential, both organisations are satisfied with the outcome and acknowledge a desire to now move forward.
ENDS</description> <pubDate>Mon, 31 Mar 2025 20:30:00 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/sport/rugby/h_00099404.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/ineos-enterprises-completes-the-sale-of-ineos-composites-to-kps/ </link> <title>INEOS Enterprises completes the sale of INEOS Composites to KPS Capital Partners, LP for c.€1.7bn</title> <description>INEOS Enterprises has today completed the sale of its composites business to KPS Capital Partners, LP (&ldquo;KPS&rdquo;) for c.&euro;1.7bn. This is an attractive deal that aligns with the potential future opportunities for the business. The new website for the business can be found at:&nbsp;<a href="https://urldefense.com/v3/__http:/www.ALTApm.com__;!!KtHZpw!CVT31-ACP9jkBxwlGwxuJnX1CxBNu9OTU5PRWS6uC0RlexwefUPeLGjjD0u3Kr8vbUFgbmh4wTDoUECTSdbTGsw$">www.ALTApm.com</a>
The composites business has combined sales of more than &euro;800m per year and employs c. 900 employees across 17 sites and 3 technology centres in Europe, North and South America, Asia and the Middle East. Andrew Miller will remain CEO of the business going forwards.
The composites business is a global leader in producing resins and gelcoats that are used to make strong, lightweight composite plastics found in everything from cars and boats to buildings and electronics. Its resins and coatings help improve important product features such as fire and water resistance, protection from sunlight, insulation, and durability.
Ashley Reed, Chairman of INEOS Enterprises said,&nbsp;"We are very pleased to have completed this transaction with KPS, which will build on the strong foundation that INEOS has established over the past five years. We are confident that under KPS&rsquo;s ownership, the business will continue to grow and succeed in the years ahead."
KPS manages investment funds with approximately $19.7 billion of assets under management (as of December 31, 2024).&nbsp; The company has a strong track record of acquisitions and investments in manufacturing and industrial companies across a range of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing.
Raquel Vargas Palmer, Managing Partner of KPS Capital Partners, said, &ldquo;We are thrilled to acquire INEOS Composites. The company&rsquo;s leading market position and long-tenured customer base is a testament to its differentiated product quality, reliability and innovation. We will leverage KPS&rsquo; decades of experience investing in process industries and provide strategic support and capital to drive commercial and operational excellence. We look forward to partnering with Chief Executive Officer Andrew Miller and the INEOS Composites management team to accelerate the Company's value creation plan.&rdquo;
INEOS was advised by Piper Sandler and Slaughter and May.
The new website for the business can be found at: <a href="https://urldefense.com/v3/__http:/www.ALTApm.com__;!!KtHZpw!CVT31-ACP9jkBxwlGwxuJnX1CxBNu9OTU5PRWS6uC0RlexwefUPeLGjjD0u3Kr8vbUFgbmh4wTDoUECTSdbTGsw$">www.ALTApm.com</a>
ENDS
Media contacts
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Richard Longden. t:&nbsp;<a href="tel:+41%207996%2026123">+41 7996 26123</a> e:&nbsp;<a href="mailto:richard.longden@ineos.com">richard.longden@ineos.com</a>
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INEOS PR e: <a href="mailto:INEOS%20Agency%C2%A0ineos@firstlightgroup.io">ineos@firstlightgroup.io</a>
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Note to Editors
About INEOS Enterprises
INEOS Enterprises comprises a portfolio of businesses manufacturing chemical products in Northern Europe USA and Canada, with sales of &euro;2.7bn around the world. 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 employs c. 3,100 people across sites in the UK, Germany, Sweden, Switzerland, Canada and the USA. INEOS Enterprises is not part of the INEOS Group Holdings bank group. Visit <a href="http://www.ineosenterprises.com">www.ineosenterprises.com</a> to learn more.
&nbsp;
 About KPS Capital Partners
KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $19.7 billion of assets under management (as of December 31, 2024).&nbsp; For over three decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment, and general manufacturing.&nbsp; KPS creates value for its investors by working constructively with talented management teams to make businesses better and generates investment returns by structurally improving the strategic position, competitiveness, and profitability of its portfolio companies, rather than primarily relying on financial leverage.&nbsp; The KPS Funds&rsquo; portfolio companies currently generate aggregate annual revenues of approximately $22.2 billion, operate 222 manufacturing facilities in 21 countries, and have approximately 58,000 employees, directly and through joint ventures worldwide (as of December 31, 2024, pro forma for recent acquisitions).&nbsp; The KPS investment strategy and portfolio companies are described in detail at <a href="http://www.kpsfund.com">www.kpsfund.com</a>.</description> <pubDate>Mon, 31 Mar 2025 09:43:40 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/contentassets/0b2c3aaf1adb4dea8d2916541c472541/ineos-composites-applications-low-res.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/shared-news/ineos-automotive-statement-on-the-us-tariffs-announcement/ </link> <title>INEOS Automotive statement on the US tariffs announcement</title> <description>We are outraged that the tariff situation with the US has been neglected by the EU.
President Trump has been very clear on his intention to implement tariffs on the auto industry. He has been asking for fairness and reciprocity and yet European leaders have not come to the table to negotiate a better solution.
The US government has also been clear about the consequences of non-engagement. This should be a surprise to no-one in the EU, and it could and should have been averted.
Lynn Calder, CEO of INEOS Automotive commented: &ldquo;This is what happens when politicians sit on their hands. As a growing EU-based automobile brand, we are vulnerable to tariffs, and we need our politicians to support our business, our jobs and our economies. We need urgent and direct political intervention on tariffs.
&ldquo;We will give whatever support we can to our political leaders to keep the playing field even for small, competitive brands such as Grenadier. But we must see action from EU politicians: only they are in a position to address the issue. Fortunately, we have been planning for tariffs but there is only so much we can do to protect US customers from price rises.&rdquo;
Ends
Contact details:
Sarah Pelling Head of PR +44 (0) 7887 451 773 sarah.pelling@ineos.com
Matt Moore, PFPR Communications +44 (0) 7715 075992 matt.moore@pfpr.com</description> <pubDate>Thu, 27 Mar 2025 13:17:21 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/contentassets/d614125b58c845d79c69f64e191318a4/ineos-automotive_production-restart_001-lr-2.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/shared-news/mercedes-amg-petronas-f1-team-announces-ambitious-first-steps-towards-sustainable-carbon-fibre-composites-for-2025-formula-1-season/ </link> <title>Mercedes-AMG PETRONAS F1 Team announces ambitious first steps towards sustainable carbon fibre composites for 2025 Formula 1 season</title> <description>&nbsp;
<ul>
<li>This season will be the first time in which innovative sustainable carbon fibre composites will be used in Formula 1 on the W16.</li>
<li>Our efforts in this space have been made possible through close partnership between the team and INEOS Nitriles, and collaboration with Toray, Syensqo and Sigmatex.</li>
<li>Pioneering sustainable materials projects in Formula 1 will provide a significant opportunity to scale this innovation beyond motorsport, to industries such as aviation and aerospace.</li>
<li>Toto Wolff, Team Principal and CEO, Mercedes-AMG PETRONAS F1 Team said: &ldquo;When you combine performance and innovation, you create progress. I am proud to lead a team of problem solvers who are committed to driving sustainable change&rdquo;.</li>
</ul>
Today, we are communicating our first steps on the road towards sustainable carbon fibre composites. In concrete terms, this means that we will qualify and apply sustainable carbon fibre composites to our race cars during the 2025 Formula 1 season, without sacrificing any on-track performance.
Carbon fibre composites form approximately 75% of our race car materials, helping us to achieve the highest levels of performance and safety. Innovations in these materials provide a significant opportunity to reduce the carbon footprint of our car, supporting our goal to achieve Net Zero across all scopes by 2040.
Carbon fibre composites are primarily formed of two key components: the fibres&nbsp;and the resin system. By weight, approximately 60% of the composite material is formed of fibres, with 40% made up by the resin system. Impregnating the fibres with the resin system, followed by curing, creates a lightweight material with outstanding mechanical performance necessary to meet the unforgiving demands of Formula 1.
Working closely with the FIA within the scope of the relevant regulations, we aim to demonstrate that sustainable carbon fibre composites can perform to the same technically demanding requirements as traditional materials.
To qualify a carbon fibre composite material for use on the race car, it must undergo rigorous laboratory testing to provide understanding of its technical properties and performance. Transferring from the lab to the racetrack requires further trials and verification to ensure the material behaviour aligns with expectations.
The identification and subsequent qualification of sustainable materials solutions would not be possible without the continuous innovation and ongoing support of our supply chain; each carbon fibre composite component involves four to eight suppliers to deliver the final product.
To achieve a sustainable carbon fibre composite, both components &ndash; the fibres and the resin system &ndash; must be addressed. Working collaboratively with our supply chain, the team has two separate projects underway for introduction later this year, one of which will address the resin system and one the carbon fibres themselves.
Formula 1 is the world&rsquo;s fastest test lab and these innovations represent the latest step in our transition towards a more sustainable sport. As a team, we are committed to pursuing sustainable high performance. We were the first global sports team to invest in and help <a href="https://www.mercedesamgf1.com/news/saf-certificates-to-help-team-achieve-aviation-emissions-reduction">scale the market for Sustainable Aviation Fuel</a> and in 2024, we successfully <a href="https://www.mercedesamgf1.com/news/team-powers-european-season-using-sustainable-hvo100-biofuel">powered our European season using HVO100 biofuel</a>.
Our work on these pioneering sustainable materials projects in Formula 1 provides a significant opportunity to scale this innovation beyond motorsport. Innovation drives performance, and these developments can shape industry futures from aviation and aerospace to technical performance fabrics.
Toto Wolff, Team Principal and CEO, Mercedes-AMG PETRONAS F1 Team &ldquo;When you combine performance and innovation, you create progress. I am proud to lead a team of problem solvers who are committed to driving sustainable change. I would like to thank our partners for supporting our drive for material innovation, and to the FIA for enabling us to test these materials. Collectively we are moving the dial on sustainable products and demonstrating that Formula 1 continues to be the fastest laboratory in the world.&rdquo;
Alice Ashpitel, Head of Sustainability, Mercedes-AMG PETRONAS F1 Team &ldquo;We are proud to be at the forefront of sustainable innovation within our sport. Leadership must be driven by innovation and our team&rsquo;s efforts in this space are the latest demonstration of our ambition to become one of the world&rsquo;s most sustainable global sports teams. We look forward to exploring the application of sustainable materials this season.&rdquo; 
Notes to Editors 
Collaboration is vital to our success, with advancements in our materials sustainability strategy made possible by close co-operation with our carbon fibre and composites supply chain. We would like to give thanks to our Principal Partner INEOS, fibre manufacturer Toray, fabric weaver Sigmatex and resin formulator and prepreger Syensqo.
INEOS INEOS is a global manufacturer of petrochemicals, speciality chemicals and energy. In recent years, INEOS&rsquo;s scope of operations has diversified with the launch of INEOS Automotive and INEOS Hygienics, acquisition of iconic British brand Belstaff and an ever-expanding sports portfolio. Comprising 30 individual businesses, INEOS operate 173 facilities in 32 countries around the world.&nbsp; <a href="http://www.ineos.com/link/4306fb7900434708bb852daf43716919.aspx">www.ineos.com</a>
Toray Toray Group supplies the most comprehensive range of carbon fibre materials in the market, from high-performance premium fibre for aircraft applications, to affordable large tow for wind turbines. Our capabilities also include fabric, prepreg, intermediary materials, and composite parts thanks to strategic investments in technology and processing capabilities. We manufacture carbon fibre globally, with production sites across Asia, Europe and America. <a href="http://www.toray.com/global">www.toray.com/global</a>
Syensqo Syensqo is a science company developing groundbreaking solutions that enhance the way we live, work, travel and play. Inspired by the scientific councils initiated by Ernest Solvay in 1911, we bring great minds together to push the limits of science and innovation. As an established leader in composites for automotive applications, Syensqo has been developing novel and efficient solutions for motorsport OEMs for nearly four decades. <a href="http://www.syensqo.com">www.syensqo.com</a>
Sigmatex For over 30 years, Sigmatex has been a pioneer in the design, development and manufacture of carbon fibre textiles to the composites industry. By achieving excellence in innovation, service level, quality and trust, Sigmatex are driven to be the first-choice partner in high performance carbon fibre textiles. <a href="http://www.sigmatex.com">www.sigmatex.com</a>
Contacts: &nbsp; INEOS Press Office ineos@firstlightgroup.io Richard Longden INEOS Group richard.longden@ineos.com</description> <pubDate>Thu, 06 Mar 2025 13:45:57 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/contentassets/bb1e3855c1954bde92f11af063387bc5/mf1-ineos-nitriles.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/sites/belgium/news-index/open-letter-sir-jim-ratcliffe-european-chemical-industry-becoming-extinct/ </link> <title>Open letter Sir Jim Ratcliffe: European chemical industry becoming extinct</title> <description>EUROPEAN CHEMICAL INDUSTRY BECOMING EXTINCT
The chemical industry in Europe has been hugely important to the success of the European economy over the last century. With revenues of around one trillion euros, it is similar in size to the automotive sector.
But chemicals in Europe is facing extinction. Government policies have resulted in enormously high energy prices and crippling carbon tax bills.
INEOS operates one of the largest and most advanced, integrated petrochemical facilities in Europe in Cologne. It produces many critical raw materials essential for modern living and employs 10,000 people, including the support services.
The gas bill is &euro;100m higher than its US equivalent. The electricity bill is &euro;40m higher than in the US. The carbon tax bill is rising towards a shocking &euro;100m.
The industry is in crisis with such huge disadvantages. Instead of investing in growth for the future, it is fighting for survival.
Government policies will shut all petrochemicals in Europe. All our major competitors are planning for withdrawal from Europe as government has failed to act time after time.
The consequence of this policy is that Europe will import all its raw materials from the USA and China, who will benefit enormously.
Decarbonising Europe by deindustrialisation is idiotic. We lose jobs and security and the CO2 simply floats back over Europe anyway.
The solution is to ban carbon tax, provide competitive energy for industry and incentivise growth and clean technology. We also need tariff barriers while these changes are being implemented or there will be nothing left.
This is the US approach, where they value industry and its high value employment and they are leaving Europe behind in their dust.</description> <pubDate>Wed, 26 Feb 2025 08:16:52 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/businesses/ineos-olefins-and-polymers-europe/sites/koln_b3.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/open-letter-from-jim-ratcliffe/ </link> <title>The European Chemical Industry is Becoming Extinct.</title> <description><span style="font-size: 12.0pt; font-family: 'Calibri Light',sans-serif; mso-ascii-theme-font: major-latin; mso-fareast-font-family: 'Times New Roman'; mso-hansi-theme-font: major-latin; mso-bidi-theme-font: major-latin; color: black; mso-themecolor: text1; mso-fareast-language: EN-GB;">The following is an open letter to all European Politicians from Sir Jim Ratcliffe Chairman and CEO of INEOS.&nbsp;

The chemical industry in Europe has been hugely important to the success of the European economy over the last century. With revenues of around one trillion euros, it is similar in size to the automotive sector. &nbsp; But chemicals in Europe is facing extinction. Government policies have resulted in enormously high energy prices and crippling carbon tax bills. &nbsp; INEOS operates one of the largest and most advanced, integrated petrochemical facilities in Europe in Cologne. It produces many critical raw materials essential for modern living and employs 10,000 people, including the support services. &nbsp; The gas bill is &euro;100m higher than its US equivalent. The electricity bill is &euro;40m higher than in the US. The carbon tax bill is rising towards a shocking &euro;100m. &nbsp; The industry is in crisis with such huge disadvantages. Instead of investing in growth for the future, it is fighting for survival. &nbsp; Government policies will shut all petrochemicals in Europe. All our major competitors are planning for withdrawal from Europe as government has failed to act time after time. &nbsp; The consequence of this policy is that Europe will import all its raw materials from the USA and China, who will benefit enormously. &nbsp; Decarbonising Europe by deindustrialisation is idiotic. We lose jobs and security and the CO2 simply floats back over Europe anyway. &nbsp; The solution is to ban carbon tax, provide competitive energy for industry and incentivise growth and clean technology. We also need tariff barriers while these changes are being implemented or there will be nothing left. &nbsp; This is the US approach, where they value industry and its high value employment and they are leaving Europe behind in their dust. &nbsp; ENDS&nbsp;
Press contacts INEOS Agency <a href="mailto:ineos@firstlightgroup.io">ineos@firstlightgroup.io</a> +44 20 7193 9030 Anne-Gret Iturriaga Abarzua <a href="mailto:anne-gret.iturriaga.abarzua@ineos.com">anne-gret.iturriaga.abarzua@ineos.com</a> +49 221 3555 1096 Nathalie Meert, INEOS. <a href="mailto:nathalie.meert@ineos.com">nathalie.meert@ineos.com</a> +32 491 35 91 67 Richard Longden <a href="mailto:richard.longden@ineos.com">richard.longden@ineos.com</a> &nbsp;+41 7996 26123 </description> <pubDate>Wed, 26 Feb 2025 06:24:36 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/campaigns/cologne-future/new-koln-web.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/ineos-announces-closing-of-offering-of-senior-secured-notes-due-2030/ </link> <title>INEOS announces closing of offering of senior secured notes due 2030</title> <description>LYNDHURST &ndash; February 10, 2025
INEOS Holdings Limited today announced that its indirect wholly owned subsidiary, INEOS Finance plc (the &ldquo;Issuer&rdquo;), has&nbsp;completed its previously announced offering (the &ldquo;Offering&rdquo;) of &euro;400 million aggregate principal amount of 5⅝% senior secured&nbsp;notes due 2030 (the &ldquo;Notes&rdquo;). The Issuer intends to use the proceeds from the Offering together with the proceeds from additional&nbsp;secured term loan borrowings in the aggregate principal amounts of $440 million and &euro;425 million (together with the Offering, the&nbsp;&ldquo;Financing&rdquo;) (i) to redeem in full the Issuer&rsquo;s outstanding 2⅛% Senior Secured Notes due 2025 and 2⅞% Senior Secured Notes due&nbsp;2026, (ii) to repay the Gemini credit facility, (iii) for general corporate purposes, including to partially prefund Project ONE (being&nbsp;the INEOS Group&rsquo;s major capital investment in Antwerp, Belgium, which was announced on January 14, 2019) and (iv) to pay&nbsp;transaction fees and expenses (collectively, and together with the Financing, the &ldquo;Transactions&rdquo;).
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 &ldquo;Securities Act&rdquo;), 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.
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 &ldquo;FSMA&rdquo;) 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 &ldquo;Financial Promotion Order&rdquo;), (ii) are persons falling within Article 49(2)(a) to (d) (&ldquo;high net worth companies, unincorporated associations etc.&rdquo;) of the Financial Promotion Order, (iii) are outside the United Kingdom (the &ldquo;UK&rdquo;), 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 &ldquo;Relevant Persons&rdquo;).
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.
The target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, &ldquo;MiFID II&rdquo;).
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 (&ldquo;EEA&rdquo;). For these purposes, a retail investor means a person who is one (or more) of the following: (i) a &ldquo;retail client&rdquo; 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 &ldquo;qualified investor&rdquo; as defined in Regulation (EU) 2017/1129 (the &ldquo;EU Prospectus Regulation&rdquo;). Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the &ldquo;EU PRIIPs Regulation&rdquo;) 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 or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the UK. For these purposes, a retail investor means a person who is one (or more) of : (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (&ldquo;EUWA&rdquo;); or (ii) a customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as 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 EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA. No key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the &ldquo;UK PRIIPs Regulation&rdquo;) for offering or selling the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.
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 &eacute;conomique), 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 (&ldquo;FinSA&rdquo;) 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.
Forward Looking Statements
This press release includes &ldquo;forward-looking statements,&rdquo; 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; outbreaks of pandemics or epidemics; 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 ability to deleverage through strategic disposals of certain assets and non-core businesses; 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&nbsp;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; 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&rsquo; 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 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. Words such as &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;may,&rdquo; &ldquo;assume,&rdquo; &ldquo;plan,&rdquo; &ldquo;intend,&rdquo; &ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;estimate,&rdquo; &ldquo;risk&rdquo; 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. 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.</description> <pubDate>Mon, 10 Feb 2025 19:26:39 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/news/group/group-news.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/ineos-announces-waiver-of-the-conditions-for-the-redemption-of-all-of-its-outstanding-2-78-senior-secured-notes-due-2026/ </link> <title>INEOS announces waiver of the conditions for the redemption of all of its outstanding 2 7/8% Senior Secured Notes due 2026 and all of its Outstanding 2 1/8% Senior Secured Notes due 2025.</title> <description>LYNDHURST &ndash; February 10, 2025
INEOS Finance plc (&ldquo;INEOS&rdquo;) today announces that it has waived the Refinancing Condition (stated in the notices of conditional redemption issued on January 23, 2025) with respect to the conditional redemption of (i) all of its outstanding 27/8% Senior Secured Notes due 2026 (the &ldquo;27/8% Notes&rdquo;) and (ii) all of its outstanding 21/8% Senior Secured Notes due 2025 (the &ldquo;21/8% Notes&rdquo; and, together with the 27/8% Notes, the &ldquo;Notes&rdquo;), which Notes have been conditionally called to be redeemed on February 11, 2025 (the &ldquo;Redemption Date&rdquo;). As such, the redemption of the Notes will occur on the Redemption Date.
27/8% Senior Secured Notes due 2026 ISIN Numbers: XS1843437382 (Rule 144A) and XS1843437549 (Regulation S)
21/8% Senior Secured Notes due 2025 ISIN Numbers: XS1577946129 (Rule 144A) and XS1577947440 (Regulation S)
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.
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 &ldquo;FSMA&rdquo;) 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 &ldquo;Financial Promotion Order&rdquo;), (ii) are persons falling within Article 49(2)(a) to (d) (&ldquo;high net worth companies, unincorporated associations etc.&rdquo;) of the Financial Promotion Order, (iii) are outside the United Kingdom, 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 &ldquo;Relevant Persons&rdquo;). 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 press release 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 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 &ldquo;forward-looking statements,&rdquo; 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; outbreaks of pandemics or epidemics; 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 ability to deleverage through strategic disposals of certain assets and non-core businesses; 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; 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&rsquo; 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 United Kingdom from the European Union; risks associated with our capital structure and indebtedness; 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. Words such as &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;may,&rdquo; &ldquo;assume,&rdquo; &ldquo;plan,&rdquo; &ldquo;intend,&rdquo; &ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;estimate,&rdquo; &ldquo;risk&rdquo; 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. 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.</description> <pubDate>Mon, 10 Feb 2025 10:08:38 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/news/group/documents-financial-report1.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/businesses/ineos-acetyls/news/stem-event/ </link> <title>INEOS inspires the next generation with STEM event</title> <description>INEOS Acetyls, in conjunction with Hull &amp; East Yorkshire (HEY) Children&rsquo;s University and Hull KR Foundation, has delivered a STEM Industry Insight Day for local school children.
The chemical manufacturing business, based at Saltend Chemicals Park, invited 50 year 5 pupils from East Hull school, Oldfleet Primary, to Sewell Group Craven Park, the home of Hull KR, to engage and inspire them in science, technology, engineering and maths (STEM) activities. &nbsp;
Activities during the day ranged from making mini lava lamps, to investigating liquid densities, separating mixtures and discovering how you can use siphons to transport water.&nbsp;
&ldquo;Events like this give us a unique opportunity to connect with children in our region and inspire and show them the breadth of opportunities in STEM subjects,&rdquo; said Rob Fergie, INEOS Acetyls Hull Site Manager.
&ldquo;We want to help children engage and understand the benefits of industries and businesses like ours and we hope to play a part in encouraging them to study STEM subjects. One day, they may then choose to work in our business.&rdquo;&nbsp;
In Hull, INEOS Acetyls has been manufacturing chemicals for more than 50 years. Its products provide the building blocks for a wide range of industries, including pharmaceuticals, ingredients for the food sector, coatings and textiles, solar panels and automotive parts.
INEOS Acetyls has partnered with charity, Hull &amp; East Yorkshire Children&rsquo;s University since 2017. And in 2023, INEOS&rsquo; Community Fund supported the Hull KR Foundation with a donation to help advance female rugby league in the city.
Sarah Brodie, HEY Children&rsquo;s University Partnership Manager, said: &ldquo;Meeting positive role models and participating in days like this, can have a huge impact on children.&rdquo;
Paul Hamnett, Hull KR Foundation CEO, added: &ldquo;Working in partnership with INEOS Acetyls to deliver a STEM event is a great opportunity to engage children in a variety of activities to inspire them to think about a career within the STEM world.&rdquo;
INEOS is involved in numerous STEM and education events, and has a programme of community activity, including being the 2025 title sponsor for Jane Tomlinson&rsquo;s Run For All Hull 10K.</description> <pubDate>Fri, 31 Jan 2025 14:05:46 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/businesses/ineos-acetyls/ineos-stem-event-2025-photo-2.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/ineos-announces-pricing-of-offering-of-senior-secured-notes-due-2030/ </link> <title>INEOS Announces Pricing of Offering of Senior Secured Notes Due 2030</title> <description>  
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.&nbsp; PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS PRESS RELEASE.
 LYNDHURST &ndash; January 29, 2025

INEOS Holdings Limited today announced that its indirect wholly owned subsidiary, INEOS Finance plc (the &ldquo;Issuer&rdquo;), has priced its offering (the &ldquo;Offering&rdquo;) of &euro;400 million aggregate principal amount of 5⅝% senior secured notes due 2030 (the &ldquo;Notes&rdquo;). The Issuer intends to use the proceeds from the Offering together with the proceeds from additional secured term loan borrowings in the aggregate principal amounts of $440 million and &euro;425 million (together with the Offering, the &ldquo;Financing&rdquo;) (i) to redeem in full the Issuer&rsquo;s outstanding 2⅛% Senior Secured Notes due 2025 and 2⅞% Senior Secured Notes due 2026, (ii) to repay the Gemini credit facility, (iii) for general corporate purposes, including to partially prefund Project ONE (being the INEOS Group&rsquo;s major capital investment in Antwerp, Belgium, which was announced on January 14, 2019) and (iv) to pay transaction fees and expenses (collectively, and together with the Financing, the &ldquo;Transactions&rdquo;).
There can be no assurance that the Transactions described above will be completed.&nbsp;
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 &ldquo;Securities Act&rdquo;), 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. &nbsp;
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 &ldquo;FSMA&rdquo;) 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 &ldquo;Financial Promotion Order&rdquo;), (ii) are persons falling within Article 49(2)(a) to (d) (&ldquo;high net worth companies, unincorporated associations etc.&rdquo;) of the Financial Promotion Order, (iii) are outside the United Kingdom, 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 &ldquo;Relevant Persons&rdquo;). 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. The target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, &ldquo;MiFID II&rdquo;). 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 (&ldquo;EEA&rdquo;). For these purposes, a retail investor means a person who is one (or more) of the following: (i) a &ldquo;retail client&rdquo; 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 &ldquo;qualified investor&rdquo; as defined in Regulation (EU) 2017/1129 (the &ldquo;EU Prospectus Regulation&rdquo;). Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the &ldquo;EU PRIIPs Regulation&rdquo;) 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 or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the UK. For these purposes, a retail investor means a person who is one (or more) of : (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (&ldquo;EUWA&rdquo;); or (ii) a customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as 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 EUWA; or (iii) not a qualified investor as defined in Article 2 of the UK Prospectus Regulation. No key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the &ldquo;UK PRIIPs Regulation&rdquo;) for offering or selling the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.
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 &eacute;conomique), 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 (&ldquo;FinSA&rdquo;) 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.
Forward Looking Statements This press release includes &ldquo;forward-looking statements,&rdquo; 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; outbreaks of pandemics or epidemics; 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 ability to deleverage through strategic disposals of certain assets and non-core businesses; 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; 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&rsquo; 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 United Kingdom from the European Union; risks associated with our capital structure and indebtedness; 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.&nbsp;
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. Words such as &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;may,&rdquo; &ldquo;assume,&rdquo; &ldquo;plan,&rdquo; &ldquo;intend,&rdquo; &ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;estimate,&rdquo; &ldquo;risk&rdquo; 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.&nbsp;
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. 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.
&nbsp;
&nbsp;</description> <pubDate>Wed, 29 Jan 2025 11:59:00 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/news/group/low-res-2.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/ineos-announces-launch-of-offering-of-senior-secured-notes-due-2030/ </link> <title>INEOS Announces Launch of Offering of Senior Secured Notes Due 2030</title> <description>   <span lang="EN-US" style="font-size: 7.5pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">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.&nbsp; PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS PRESS RELEASE.
LYNDHURST &ndash; January 27, 2025
INEOS Holdings Limited today announced that its indirect wholly owned subsidiary, INEOS Finance plc (the &ldquo;Issuer&rdquo;), has launched an offering (the &ldquo;Offering&rdquo;) of euro-denominated senior secured notes due 2030 (the &ldquo;Notes&rdquo;) in order to raise, in combination with additional secured term loan borrowings announced on January 22, 2025 (together with the Offering, the &ldquo;Financing&rdquo;), an aggregate principal amount of approximately &euro;1.3 billion (equivalent). The net proceeds of the Financing will be used (i) to refinance the Issuer&rsquo;s outstanding 2⅛% Senior Secured Notes due 2025 and 2⅞% Senior Secured Notes due 2026, (ii) to repay the Gemini credit facility, (iii) for general corporate purposes, including to partially prefund Project ONE (being the INEOS Group&rsquo;s major capital investment in Antwerp, Belgium, which was announced on January 14, 2019) and (iv) to pay transaction fees and expenses (collectively, and together with the Financing, the &ldquo;Transactions&rdquo;).
There can be no assurance that the Transactions will be completed.&nbsp;
Contact
For further information, please contact:
Richard Longden Mobile: +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 &ldquo;Securities Act&rdquo;), 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. &nbsp;
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 &ldquo;FSMA&rdquo;) 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 &ldquo;Financial Promotion Order&rdquo;), (ii) are persons falling within Article 49(2)(a) to (d) (&ldquo;high net worth companies, unincorporated associations etc.&rdquo;) of the Financial Promotion Order, (iii) are outside the United Kingdom, 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 &ldquo;Relevant Persons&rdquo;). 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. The target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, &ldquo;MiFID II&rdquo;). 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 (&ldquo;EEA&rdquo;). For these purposes, a retail investor means a person who is one (or more) of the following: (i) a &ldquo;retail client&rdquo; 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 &ldquo;qualified investor&rdquo; as defined in Regulation (EU) 2017/1129 (the &ldquo;EU Prospectus Regulation&rdquo;). Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the &ldquo;EU PRIIPs Regulation&rdquo;) 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 or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the UK. For these purposes, a retail investor means a person who is one (or more) of : (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (&ldquo;EUWA&rdquo;); or (ii) a customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as 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 EUWA; or (iii) not a qualified investor as defined in Article 2 of the UK Prospectus Regulation. No key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the &ldquo;UK PRIIPs Regulation&rdquo;) for offering or selling the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.
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 &eacute;conomique), 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 (&ldquo;FinSA&rdquo;) 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.
Forward Looking Statements This press release includes &ldquo;forward-looking statements,&rdquo; 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; outbreaks of pandemics or epidemics; 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 ability to deleverage through strategic disposals of certain assets and non-core businesses; 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; 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&rsquo; 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 United Kingdom from the European Union; risks associated with our capital structure and indebtedness; 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.&nbsp;
 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. Words such as &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;may,&rdquo; &ldquo;assume,&rdquo; &ldquo;plan,&rdquo; &ldquo;intend,&rdquo; &ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;estimate,&rdquo; &ldquo;risk&rdquo; 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.&nbsp;
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. 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.
&nbsp;</description> <pubDate>Mon, 27 Jan 2025 08:30:10 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/news/group/documents-financial-report.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/ineos-statement-on-38th-americas-cup/ </link> <title>INEOS Statement On 38th America's Cup</title> <description>INEOS will enter a challenge for the 38th America&rsquo;s Cup under the team name INEOS Britannia after parting ways with Sir Ben Ainslie.
Unfortunately, INEOS Britannia and Sir Ben could not find agreement on terms to move forward&nbsp;following the conclusion of the 37th America&rsquo;s Cup in Barcelona.
INEOS Britannia has appointed Dave Endean as CEO, who brings immense experience in sailing and the America&rsquo;s Cup. INEOS will also continue to leverage the design and technology expertise of the Mercedes F1 Team under the guidance of Technical Director, James Allison.
Sir Jim Ratcliffe, Chairman of INEOS said: &ldquo;I am enormously proud of what we achieved in Barcelona in developing a British boat that was truly competitive for the first time in decades. It set new benchmarks for British sailing, including winning the Louis Vuitton Cup for the first time, and taking races off the Defender in the finals for the first time in 90 years. We will now build upon this for the 38th America&rsquo;s Cup through the INEOS challenge and already have 100 scientists and engineers working on the design of our AC38 yacht.&rdquo;
More details on the INEOS Britannia challenge will follow in due course.</description> <pubDate>Thu, 23 Jan 2025 16:30:00 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/inch-magazine/issue-27/-hr-240704_ugo_fonolla_ineos_0783-mejorado-nr.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/notice-of-conditional-redemption2/ </link> <title>Notice of Conditional Redemption 2 1/8% Senior Secured Notes due 2025</title> <description>  
   
 INEOS Finance plc 21/8% Senior Secured Notes due 2025 (the &ldquo;Notes&rdquo;) ISIN Numbers: XS1577946129* (Rule 144A) and XS1577947440* (Regulation S) Common Codes: 157794612* (Rule 144A) and 157794744* (Regulation S)
 NOTICE IS HEREBY GIVEN that in accordance with Sections 3.04, 13.02(b) and 13.02(d) of the indenture, dated as of November 3, 2017 (as heretofore amended, restated, supplemented or otherwise modified from time to time, the &ldquo;Indenture&rdquo;), among INEOS Finance plc, a public limited company incorporated under the laws of England and Wales (the &ldquo;Company&rdquo;), the guarantors listed therein, The Bank of New York Mellon, London Branch, as trustee (the &ldquo;Trustee&rdquo;) and principal paying agent (the &ldquo;Principal Paying Agent&rdquo;), The Bank of New York Mellon SA/NV, Luxembourg Branch, as registrar, Luxembourg transfer agent and paying agent and Barclays Bank PLC, as security trustee, the Company has elected to redeem (subject to satisfaction or waiver of the condition described below) (the &ldquo;Redemption&rdquo;) all of its outstanding &euro;192,796,000 aggregate principal amount of 21/8% Senior Secured Notes due 2025 issued in accordance with the Indenture (the &ldquo;Notes&rdquo;) on the Redemption Date (as defined below).&nbsp; The Redemption Price (as defined below) will be paid to holders of record as of the Record Date (as defined below).&nbsp; Capitalized terms used but not otherwise defined herein have the meanings ascribed to such terms in the Indenture. 1)&nbsp; &nbsp; The redemption date for the Notes shall be, subject to the satisfaction or waiver of the Refinancing Condition (as defined below), February 11, 2025, provided that if the Refinancing Condition shall not have been satisfied or waived by February 10, 2025, the redemption date for the Notes shall be the Business Day immediately following the satisfaction or waiver of the Refinancing Condition (the &ldquo;Redemption Date&rdquo;). &nbsp;The Redemption Date, if such date occurs, will not occur later than March 24, 2025. &nbsp; 2)&nbsp; &nbsp; The redemption price payment will be made in accordance with paragraph 4 (Optional Redemption) of the Notes. In accordance with section 13.07 of the Indenture, if the Redemption Date is not a Business Day, the redemption price payment will be made on the next succeeding day that is a Business Day and no interest shall accrue for the intervening period (the &ldquo;Alternative Payment Date&rdquo;). The redemption price (the &ldquo;Redemption Price&rdquo;) will be equal to: &bull; &nbsp; &nbsp;100.000% of the principal amount of the Notes to be redeemed, plus &bull; &nbsp; &nbsp;Additional Amounts, if any, and accrued and unpaid interest from November 15, 2024 to, but not including, the Redemption Date. 3)&nbsp; &nbsp; The record date will be the Business Day immediately preceding the Redemption Date (the &ldquo;Record Date&rdquo;). 4)&nbsp; &nbsp; The Notes in definitive form must be surrendered to The Bank of New York Mellon, London Branch, as Principal Paying Agent, to collect the Redemption Price. &nbsp; &nbsp;Payment of the Redemption Price will be made on or after the Redemption Date upon presentation and surrender of the Notes at the following address: The Bank of New York Mellon, London Branch 160 Queen Victoria Street London EC4V 4LA Attention: Trustee Administration 5)&nbsp; &nbsp; On the Redemption Date, assuming satisfaction or waiver of the Refinancing Condition (as defined below), the Redemption Price will become due and payable upon each Specified Note. &nbsp;Unless the Company defaults in making the redemption payment on the Redemption Date or the Alternative Payment Date, as applicable, interest on the Notes will cease to accrue on and after the Redemption Date and the only remaining right of Holders will be to receive payment of the Redemption Price in respect of the redeemed amount.&nbsp; 6)&nbsp; &nbsp;The redemption of the Notes is being effected pursuant to paragraph 4 (Optional Redemption) of the Notes and in accordance with Article Three of the Indenture. &nbsp; 7)&nbsp; &nbsp; The Company&rsquo;s obligation to redeem any of the Notes on the Redemption Date is conditioned upon the completion of one or more financing transactions by the Company and INEOS US Finance LLC that are reasonably satisfactory to the Company in its discretion and result in aggregate net proceeds to the Company and INEOS US Finance LLC in an aggregate principal amount of at least &euro;1.3 billion (equivalent) (the &ldquo;Refinancing Condition&rdquo;). Accordingly, none of the Notes shall be deemed due and payable on the Redemption Date unless and until the Refinancing Condition is satisfied or waived by the Company. The Company will inform Holders of Notes and the Trustee by press release at least one Business Day prior to the Redemption Date as to whether the Refinancing Condition will be satisfied or waived. &nbsp;If the Refinancing Condition is not satisfied or waived, any Notes previously surrendered to the Paying Agent shall be returned to the Holders thereof.&nbsp;
 INEOS Finance plc
Date: &nbsp;January 23, 2025 *These ISIN and Common Code numbers are included solely for the convenience of the holders. &nbsp;Neither the Trustee, the Company nor any Paying Agent shall be responsible for the selection or use of any ISIN or Common Code number, nor is any representation made as to its correctness or accuracy on any Note or as referred to in any redempt
&nbsp;
</description> <pubDate>Thu, 23 Jan 2025 15:17:17 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/news/group/report2-low-res.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/notice-of-conditional-redemption/ </link> <title>Notice of Conditional Redemption 2 7/8% Senior Secured Notes due 2026</title> <description>INEOS Finance plc 27/8% Senior Secured Notes due 2026 (the &ldquo;Notes&rdquo;) ISIN Numbers: XS1843437382* (Rule 144A) and XS1843437549* (Regulation S) Common Codes: 184343738* (Rule 144A) and 184343754* (Regulation S)
  
NOTICE IS HEREBY GIVEN that in accordance with Sections 3.04, 13.02(b) and 13.02(d) of the indenture, dated as of April 24, 2019 (as heretofore amended, restated, supplemented or otherwise modified from time to time, the &ldquo;Indenture&rdquo;), among INEOS Finance plc, a public limited company incorporated under the laws of England and Wales (the &ldquo;Company&rdquo;), the guarantors listed therein, The Bank of New York Mellon, London Branch, as trustee (the &ldquo;Trustee&rdquo;) and principal paying agent (the &ldquo;Principal Paying Agent&rdquo;), The Bank of New York Mellon SA/NV, Luxembourg Branch, as registrar, transfer agent and Luxembourg paying agent and Barclays Bank PLC, as security trustee, the Company has elected to redeem (subject to satisfaction or waiver of the condition described below) (the &ldquo;Redemption&rdquo;) all of its outstanding &euro;281,152,000 aggregate principal amount of 27/8% Senior Secured Notes due 2026 issued in accordance with the Indenture (the &ldquo;Notes&rdquo;) on the Redemption Date (as defined below).&nbsp; The Redemption Price (as defined below) will be paid to holders of record as of the Record Date (as defined below).&nbsp; Capitalized terms used but not otherwise defined herein have the meanings ascribed to such terms in the Indenture.
1) The redemption date for the Notes shall be, subject to the satisfaction or waiver of the Refinancing Condition (as defined below), February 11, 2025, provided that if the Refinancing Condition shall not have been satisfied or waived by February 10, 2025, the redemption date for the Notes shall be the Business Day immediately following the satisfaction or waiver of the Refinancing Condition (the &ldquo;Redemption Date&rdquo;). &nbsp;The Redemption Date, if such date occurs, will not occur later than March 24, 2025. &nbsp;&nbsp;&nbsp;
2) The redemption price payment will be made in accordance with paragraph 4 (Optional Redemption) of the Notes. In accordance with section 13.07 of the Indenture, if the Redemption Date is not a Business Day, the redemption price payment will be made on the next succeeding day that is a Business Day and no interest shall accrue for the intervening period (the &ldquo;Alternative Payment Date&rdquo;). The redemption price (the &ldquo;Redemption Price&rdquo;) will be equal to: &bull; &nbsp; &nbsp;100.000% of the principal amount of the Notes to be redeemed, plus &bull;&nbsp; &nbsp; Additional Amounts, if any, and accrued and unpaid interest from November 1, 2024 to, but not including, the Redemption Date.
3) The record date will be the Business Day immediately preceding the Redemption Date (the &ldquo;Record Date&rdquo;).
4) The Notes in definitive form must be surrendered to The Bank of New York Mellon, London Branch, as Principal Paying Agent, to collect the Redemption Price. &nbsp; &nbsp;Payment of the Redemption Price will be made on or after the Redemption Date upon presentation and surrender of the Notes at the following address: The Bank of New York Mellon, London Branch 160 Queen Victoria Street London EC4V 4LA Attention: Trustee Administration
5) On the Redemption Date, assuming satisfaction or waiver of the Refinancing Condition (as defined below), the Redemption Price will become due and payable upon each Specified Note. &nbsp;Unless the Company defaults in making the redemption payment on the Redemption Date or the Alternative Payment Date, as applicable, interest on the Notes will cease to accrue on and after the Redemption Date and the only remaining right of Holders will be to receive payment of the Redemption Price in respect of the redeemed amount.&nbsp;
6) The redemption of the Notes is being effected pursuant to paragraph 4 (Optional Redemption) of the Notes and in accordance with Article Three of the Indenture. &nbsp;
7) The Company&rsquo;s obligation to redeem any of the Notes on the Redemption Date is conditioned upon the completion of one or more financing transactions by the Company and INEOS US Finance LLC that are reasonably satisfactory to the Company in its discretion and result in aggregate net proceeds to the Company and INEOS US Finance LLC in an aggregate principal amount of at least &euro;1.3 billion (equivalent) (the &ldquo;Refinancing Condition&rdquo;). Accordingly, none of the Notes shall be deemed due and payable on the Redemption Date unless and until the Refinancing Condition is satisfied or waived by the Company. The Company will inform Holders of Notes and the Trustee by press release at least one Business Day prior to the Redemption Date as to whether the Refinancing Condition will be satisfied or waived. &nbsp;If the Refinancing Condition is not satisfied or waived, any Notes previously surrendered to the Paying Agent shall be returned to the Holders thereof.&nbsp;
INEOS Finance plc
Date: &nbsp;January 23, 2025 *These ISIN and Common Code numbers are included solely for the convenience of the holders. &nbsp;Neither the Trustee, the Company nor any Paying Agent shall be responsible for the selection or use of any ISIN or Common Code number, nor is any representation made as to its correctness or accuracy on any Note or as referred to in any redemption notice.
&nbsp;</description> <pubDate>Thu, 23 Jan 2025 14:58:47 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/news/group/low-res-2.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/businesses/ineos-styrolution/news/ineos-styrolution-recycling-solution-becomes-finalist-for-2025-plastics-recycling-awards-europe/ </link> <title>INEOS Styrolution recycling solution becomes finalist for 2025 Plastics Recycling Awards Europe</title> <description>
Frankfurt                                                                                                                   Image courtesy of PRSE INEOS Styrolution, the global leader in styrenics, is proud to announce that its new polystyrene mechanical recycling solution for food contact quality has been selected as a finalist at the 2025 Plastics Recycling Awards Europe in the category “Product Technology Innovation of the year”. The finalists were revealed on January 16<a style="mso-footnote-id: ftn1;" title="" href="https://ineosgroup-my.sharepoint.com/personal/katja_stache_ineos_com/Documents/Desktop/PR%202025/PRAE/20250125-ineos-styrolution-recycling-solution-becomes-finalist-for-2025-plastics-recycling-awards-europe.docx#_ftn1" name="_ftnref1">[1]</a>, with the winners announced during the Plastics Recycling Show Europe 2025 in Amsterdam (1-2 April 2025, RAI, Amsterdam). The new solution, developed with partners in the food and retail industries<a style="mso-footnote-id: ftn2;" title="" href="https://ineosgroup-my.sharepoint.com/personal/katja_stache_ineos_com/Documents/Desktop/PR%202025/PRAE/20250125-ineos-styrolution-recycling-solution-becomes-finalist-for-2025-plastics-recycling-awards-europe.docx#_ftn2" name="_ftnref2">[2]</a>, has been registered as a novel technology under EU regulation 2022/1616, ensuring compliance with strict food contact safety standards. This innovation enables the mechanical recycling of polystyrene to achieve food contact quality recyclates, a level of purity previously only seen in PET bottle recyclates. Demonstrated through the launch of the first yoghurt cup made from mechanically recycled polystyrene, this breakthrough showcases polystyrene’s unique recyclability and its potential for fully circular packaging solutions. Dr. Frank Eisenträger, ECO & Market Development Manager, says: “We are honoured that our innovative work in polystyrene recycling has been recognised by the Plastics Recycling Awards Europe. Being a finalist highlights the significant progress we’ve made in delivering circular solutions for food packaging. We are excited to celebrate this achievement with our partners and the broader industry at the awards ceremony in April.” ENDS <a style="mso-footnote-id: ftn1;" title="" href="https://ineosgroup-my.sharepoint.com/personal/katja_stache_ineos_com/Documents/Desktop/PR%202025/PRAE/20250125-ineos-styrolution-recycling-solution-becomes-finalist-for-2025-plastics-recycling-awards-europe.docx#_ftnref1" name="_ftn1">[1]</a> See <a href="https://www.prseventeurope.com/prseurope2025/en/page/finalists-reveal-2025">https://www.prseventeurope.com/prseurope2025/en/page/finalists-reveal-2025</a>. <a style="mso-footnote-id: ftn2;" title="" href="https://ineosgroup-my.sharepoint.com/personal/katja_stache_ineos_com/Documents/Desktop/PR%202025/PRAE/20250125-ineos-styrolution-recycling-solution-becomes-finalist-for-2025-plastics-recycling-awards-europe.docx#_ftnref2" name="_ftn2">[2]</a> See <a href="http://www.ineos-styrolution.com/news/ineos-styrolution-announces-first-yoghurt-cup-in-supermarket-containing-mechanical-recycling-of-polystyrene-at-food-contact-quality">http://www.ineos-styrolution.com/news/ineos-styrolution-announces-first-yoghurt-cup-in-supermarket-containing-mechanical-recycling-of-polystyrene-at-food-contact-quality</a> ABOUT INEOS STYROLUTIONINEOS 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 17 production sites in nine countries, the company is a wholly owned subsidiary of INEOS Group Limited and employs approximately 3,000 people. Sales were 4.5 billion euros in 2023. For futher information contact: Name : Katja Stache Position : Global Marketing Communication Specialist Phone Number : work +49 69 509550 1076 Email : katja.stache@ineos.com </description> <pubDate>Thu, 23 Jan 2025 10:58:00 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/news_media_articles/prae_2025.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/ineos-announces-borrowing-of-additional-term-loans4/ </link> <title>INEOS announces borrowing of additional term loans</title> <description>NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW. &nbsp;PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS PRESS RELEASE.
LYNDHURST &ndash; January&nbsp;22, 2025
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, when taken together with other senior secured debt to be incurred by INEOS Finance plc, of approximately &euro;1.3 billion (equivalent) in a combination of euro and U.S. dollars (the &ldquo;Financing&rdquo;). &nbsp;The net proceeds of the Financing will be used to (i) refinance the outstanding 2⅛% Senior Secured Notes due 2025 and 2⅞% Senior Secured Notes due 2026 of the Issuer, (ii) to repay the Gemini credit facility, (iii) for general corporate purposes, including to partially prefund Project ONE (being the INEOS Group&rsquo;s major capital investment in Antwerp, Belgium, which was announced on January 14, 2019) and (iv) to pay transaction fees and expenses.
There can be no assurance that the Financing 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 &ldquo;Securities Act&rdquo;). 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&nbsp;21 of the Financial Services and Markets Act 2000 (as amended) (the &ldquo;FSMA&rdquo;) by, a person authorized under the FSMA. Accordingly, this communication is only being distributed to and is only directed at persons who (i)&nbsp;have professional experience in matters relating to investments falling within Article&nbsp;19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the &ldquo;Financial Promotion Order&rdquo;), (ii)&nbsp;are persons falling within Article&nbsp;49(2)(a) to (d)&nbsp;(&ldquo;high net worth companies, unincorporated associations etc.&rdquo;) of the Financial Promotion Order, (iii)&nbsp;are outside the United Kingdom, or (iv)&nbsp;are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section&nbsp;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 &ldquo;Relevant Persons&rdquo;). 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 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 &ldquo;forward-looking statements,&rdquo; 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; the outbreak of COVID-19 or other pandemics or epidemics; 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 ability to deleverage through strategic disposals of certain assets and non-core businesses; 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; 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&rsquo; 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 United Kingdom from the European Union; risks associated with our capital structure and indebtedness; 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. Words such as &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;may,&rdquo; &ldquo;assume,&rdquo; &ldquo;plan,&rdquo; &ldquo;intend,&rdquo; &ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;estimate,&rdquo; &ldquo;risk&rdquo; 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. 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.
&nbsp;
&nbsp;</description> <pubDate>Wed, 22 Jan 2025 18:27:03 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/news/group/documents-financial-report1.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/sites/belgium/news-index/ineos-aromatics-permit-gets-support-from-environmental-groups-after-constructive-talks/ </link> <title>Permit INEOS Aromatics gets support from environmental movement after constructive talks</title> <description>From ruling to resolution
Following the Council for Permit Disputes&rsquo; ruling of 22 August 2024, which annulled Ineos Aromatics' permit, Natuurpunt, BBL and the international management of INEOS Aromatics entered into a dialogue on the permit. The aim: to bring the cobalt discharge in line with the objectives of the Water Framework Directive, thus protecting the Grote Nete.
The dialogue illustrates that progress is possible when industry and environmental organisations recognise each other's interests. For example, Ineos Aromatics' permit application was amended with &nbsp;the &nbsp;aim to approve the quality of the river. At the same time, the environmental movement realises that implementing the latest technologies for water treatment is a long-term entreprise.&nbsp; By investing heavily in an additional cobalt treatment plant, INEOS Aromatics is reducing the discharge of cobalt emissions into the Grote Nete by 90% by 2027. They base this on a Best Available Techniques study and are converting the recommendations into a state-of-the-art wastewater treatment system. These investments clearly demonstrate a genuine commitment from INEOS Aromatics to improve the water quality of the Grote Nete as soon as possible. Furthermore, the company is committed to continuing the improvement process after the construction and commissioning of the new water treatment plant by immediately starting new research into further reducing cobalt emissions from the waste water that will leave the new water treatment plant from 2027 onwards. Such a research and development process will allow the company to subsequently implement discharge standards on an operational scale that will go a long way towards achieving the environmental quality standard.
Rodney Stobbs (INEOS Aromatics):
<q>INEOS is pleased that the new permit application for the INEOS Aromatics site in Geel has been well received with across-the-board favourable and conditionally favourable advices from the administrative agencies involved and the GOVC (regional environmental permit commission), which were confirmed in the decision of the Minister for Environment. We are extremely pleased that as a result of a constructive dialogue the environmental organisations also recognised the efforts for our improvement process of the discharged water quality.</q>
Robin Verachtert (Natuurpunt):
<blockquote>
<q>Along the Grote Nete, where INEOS Aromatics operates, Natuurpunt has long been working on robust nature. We want to use our nature areas even more as life-sized &lsquo;sponges&rsquo; to catch river water during periods of flooding. However, substandard water quality is disabling this. INEOS Aromatics is taking responsibility and setting a new standard for all companies discharging wastewater into our rivers. The techniques exist, and INEOS Aromatics is showing that companies are also willing to invest in them and can take a leading role.</q>
</blockquote>
INEOS has agreed to the inclusion of a special condition in its permit whereby a monitoring committee consisting of the government agencies AGOP, VMM and ANB will assess the progress of further research on an annual basis. Upon INEOS' suggestion, BBL and Natuurpunt will also be invited to participate in this annual consultation. BBL, Natuurpunt and INEOS Aromatics hope their dialogue and the jointly supported solution can inspire other companies.
Only ambitious water policy provides certainty
Yet this is not the end of the matter. There is also a task for the Flemish government. Today, our country lacks a clear and effective permit policy; the European Commission's recent infringement procedure rightly states that periodic evaluations of permits for point source discharges are too sporadic.&nbsp; A clear and legally robust strategy is needed to restore water quality, which remains dramatic in Flanders, as soon as possible. How the government will deal with the 2027 deadline of the Water Framework Directive remains unclear. This legal ambiguity threatens not only water quality but also the legal certainty of companies.&nbsp;
In&egrave;s Martin (Bond Beter Leefmilieu):
<blockquote>
"The steps taken by INEOS are a fine example of how things can be done differently, from which the whole sector can learn. Now the Flemish government must also take responsibility and work on targeted and periodic evaluations, so that permits can be revised in time. There is also a need for a clear definition of 'deterioration' under the Water Framework Directive, and a Flemish strategy to bring water quality to healthy levels as soon as possible. With the creation of new river basin management plans, the Flemish government must now work at full speed to get to work on clean waterways and robust permits for companies."
</blockquote></description> <pubDate>Tue, 21 Jan 2025 12:33:04 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/sites/belgium/ineos060522-101-lowres.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/businesses/ineos-styrolution/news/plastivar-selects-ineos-styrolutions-abs-products-for-new-edgebanding-solutions/ </link> <title>Plastivar selects INEOS Styrolution’s ABS products for new edgebanding solutions</title> <description>
Frankfurt, Germany <img src="https://www.ineos-styrolution.com/INTERSHOP/static/BOS/Styrolution-Site/Portal/Styrolution-Portal/en_US/News%20and%20media/Press%20Releases/Plastivar.png" alt="" width="605" height="341" />                                                                                                                                                                                                Image courtesy of Plastivar ·<span style="font-style: normal; font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">    <span style="font-style: normal; font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">    INEOS Styrolution’s products convince with high quality and aesthetical surfaces.·<span style="font-style: normal; font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">         Recyclable ABS contributes to low ecological footprint. Plastivar<a title="" href="https://ineosgroup-my.sharepoint.com/personal/katja_stache_ineos_com/Documents/Desktop/PR%202025/Plastivar/20250121-plastivar-selects-ineos-styrolutions-abs-products-for-new-edgebanding-solutions.docx#_ftn1" name="_ftnref1">[1]</a>, a global leader in edgebanding<a title="" href="https://ineosgroup-my.sharepoint.com/personal/katja_stache_ineos_com/Documents/Desktop/PR%202025/Plastivar/20250121-plastivar-selects-ineos-styrolutions-abs-products-for-new-edgebanding-solutions.docx#_ftn2" name="_ftnref2">[2]</a> production, has selected INEOS Styrolution’s ABS grades for their new edgebanding collections. The products helped Plastivar to bring their new UNIVERSA product line to market, a product that is available in different colours and different textures. Together with a variety of thicknesses, heights and pattern, it offers end customers unlimited combinations to customise per respective demand. New ABS products are planned to be used in additional new collections that will be launched soon.Plastivar is committed to highest standards in terms of quality, production and recyclability. Among other features, they guarantee high resistance over time, high degree of protection against degrading agents, recyclability and a low ecological footprint. INEOS Styrolution’s ABS<a title="" href="https://ineosgroup-my.sharepoint.com/personal/katja_stache_ineos_com/Documents/Desktop/PR%202025/Plastivar/20250121-plastivar-selects-ineos-styrolutions-abs-products-for-new-edgebanding-solutions.docx#_ftn3" name="_ftnref3">[3]</a> materials meet their own high expectations and allow them to offer these guarantees to their customers.Elena Varisco, C.E.O. at Plastivar says: “We consider ABS to be the best material for our products. It guarantees a very high quality and much less polluting than other materials. The use of ABS allows us to have 99 percent of our 6,000 catalogue products recyclable. And with INEOS Styrolution’s sustainable ECO materials, we even have a defined path to an even lower ecological footprint.”Olivia Vigano, Key Account Manager at INEOS Styrolution says: “Plastivar is all about quality and attention to detail. It is very motivating to work with a company that continuously innovates and always pushes the limits. I am very pleased that our products meet their expectation.”Sustainable ECO products based either on recycled materials or on bio feedstock are available as drop-in solutions for most INEOS Styrolution products.<a title="" href="https://ineosgroup-my.sharepoint.com/personal/katja_stache_ineos_com/Documents/Desktop/PR%202025/Plastivar/20250121-plastivar-selects-ineos-styrolutions-abs-products-for-new-edgebanding-solutions.docx#_ftnref1" name="_ftn1">[1]</a> Plastivar: <a href="https://plastivar.com/">https://plastivar.com/</a><a title="" href="https://ineosgroup-my.sharepoint.com/personal/katja_stache_ineos_com/Documents/Desktop/PR%202025/Plastivar/20250121-plastivar-selects-ineos-styrolutions-abs-products-for-new-edgebanding-solutions.docx#_ftnref2" name="_ftn2">[2]</a> Edgebanding is a narrow strip of material used to create durable and aesthetically pleasing trim edges during finish carpentry.<a title="" href="https://ineosgroup-my.sharepoint.com/personal/katja_stache_ineos_com/Documents/Desktop/PR%202025/Plastivar/20250121-plastivar-selects-ineos-styrolutions-abs-products-for-new-edgebanding-solutions.docx#_ftnref3" name="_ftn3">[3]</a> ABS: <span style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">acrylonitrile butadiene styrene copolymer ENDS About INEOS StyrolutionINEOS 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 <a href="http://www.ineos-styrolution.com/portal/sustainability">closed loop recyclability for styrenics while reducing our carbon emissions. INEOS</a> Styrolution applications can be found in many everyday products across multiple industries: including automotive, electronics, household, construction, healthcare, packaging, and toys/sports. Operating 17 production sites in nine countries, the company is a wholly owned subsidiary of INEOS Group Limited and employs approximately 3,000 people. Sales were 4.5 billion euros in 2023.<a href="https://www.ineos-styrolution.com/">www.ineos-styrolution.com</a>About PlastivarFor over fifty years, our company has specialised in the production of ABS edgebanding 100% made in Italy. From the raw material to the finished product, each stage is meticulously controlled to guarantee the customer a high-quality product.We offer a wide range of edgebands, with more than 6,000 products in our catalogue in a great variety of colours, prints and finishes, but we also endeavour to fulfil special requests from our customers by producing tailor-made edgebands through a thoughtful sample study.In parallel to standard production, we are dedicated to developing innovative design projects such as the latest collection presented at SICAM 2023, UNIVERSA, and implemented with 2 new finishes with SICAM 2024, which is based on a revolutionary concept, an edge that allows for versatile work by applying it to the panel regardless of the decor and finish of the panel.The top-notch UNIVERSA Collection, is the result of Plastivar’s expertise, patented textures that give the furniture an ADDED VALUE due to their intrinsic characteristic of standing out from the panel to which it is applied.This is how the edgeband becomes a design element on the piece of furniture it complements, not just finishing it but defining its own character. INEOS Styrolution media contact Dr. Ralf Leinemann ralf.leinemann [@] ineos.com                       +49 69 509550-1366 Plastivar media contact Dr. Michela Muntean – Sales Director and Marketing Creative Strategist michelamuntean [@] plastivar.com     +39 340 338 9040<a style="mso-footnote-id: ftn1;" title="" href="#_ftnref1" name="_ftn1">[1]</a> Edgebanding is a narrow strip of material used to create durable and aesthetically pleasing trim edges during finish carpentry.<a style="mso-footnote-id: ftn2;" title="" href="#_ftnref2" name="_ftn2">[2]</a> ABS: acrylonitrile butadiene styrene copolymer   For futher information contact: Name : Dr. Ralf Leinemann Position : Global Manager PR &amp; Marketing Communications Phone Number : work +49 69 5095501366 Email : ralf.leinemann@ineos.com </description> <pubDate>Tue, 21 Jan 2025 10:58:00 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/news_media_articles/ineos_plastivar.png"/> </item> <item> <link> https://www.ineos.com/businesses/ineos-olefins-polymers-europe/news/giant-project-one-plant-module-makes-remarkable-passage-to-port-of-antwerp/ </link> <title>Giant Project ONE plant module makes remarkable passage to port of Antwerp</title> <description>First furnaces for INEOS&rsquo; ethane cracker arrive at Project ONE site
<ul>
<li>Works on the Project ONE yard are running at full speed as the first giant plant modules arrive and the site goes vertical</li>
<li>Arrival of the first cracking furnaces in Antwerp is a highlight in the construction records of the plant</li>
<li>Project is on track with a total of EUR 3 billion spent to date. In 2025 activity in the Antwerp site will peak with up to 2,500 workers</li>
<li>Already 125 permanent employees have been recruited and the hiring process of many more technical profiles is ongoing. Project ONE will create a total of 450 high-quality permanent jobs (300 payroll employees and 150 permanent contractors)</li>
</ul>
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INEOS has received the module containing the first two furnaces destined for Project ONE&rsquo;s new ethane cracker at the quay of the construction site in Lillo, Antwerp. The arrival of this module is an important milestone in the realisation of INEOS&rsquo; investment in a new chemical plant in Antwerp. Indeed, the furnaces form the heart of the ethane cracker under construction: in the furnace section, ethane is converted to ethylene by bringing the ethane to a high temperature in the presence of steam. &nbsp; Weighing as much as 6,000 tonnes, more than 32 metres wide and 60 metres high (as high as Antwerp&rsquo;s Museum aan de Stroom), this is one of the largest and most spectacular industrial ship transports ever in the port of Antwerp. The monetary value of the module with two furnaces is also considerable: it amounts to as much as EUR 150 million. &nbsp; The arrival of the remaining four furnaces is scheduled for the first quarter of this year. &nbsp; John McNally, CEO of INEOS Project ONE said, &ldquo;The arrival of the first furnaces at the Antwerp site after a long overseas journey is a spectacular and joyous moment for everyone involved in the making of our project. It cannot be ignored: Project One is no longer a virtual project on paper, but is increasingly gaining a foothold in the port. It is hugely motivating to see a plant actually rise after all these years of preparation. A lot of work has been done in 2024, but by 2025 the centre of gravity of construction activity will be fully in Antwerp.&rdquo; &nbsp; Special overseas transport: from Sattahip to Antwerp &nbsp; The overseas transit of the furnaces, which were manufactured in Thailand, is considered one of the most critical moments during the lifetime of the furnaces, which last around 50 years. Because of the precarious situation in the Red Sea, the transport had to make a diversion via the Cape of Good Hope and was underway for a total of 55 days over a distance of 12,500 nautical miles. To keep the cargo stable during the overseas transport, it was reinforced with a steel framework and literally welded to the ship. &nbsp; The vessel will stay another 9 days at the quay wall for releasing and unloading the module with furnaces and pipe-racks. The round-the-clock activity will be carried out by Flemish contractor Sarens, who is also in charge of the SPMT (Self Propelled Modular Transporter) transport and jacking to bring the components to the correct position for installation on site; a huge endeavour due to the enormous dimensions of the plant units. &nbsp; Modular construction concept &nbsp; Project ONE is also generating a lot of activity outside Antwerp. As many as 10 000 workers worldwide were mobilised for the construction of the new plant. A large number of these were at work in the module yards in Thailand, Abu Dhabi and the Philippines, a phase that is now gradually being completed. A total of 10 million man-hours were performed at the Thailand yard. &nbsp; Modules like furnaces require specialised expertise both for their production and assembly. There are only a limited number of construction yards around the world that are adequately equipped and accessible to ocean-going vessels for this purpose. Moreover, there is too little space at the construction site in Antwerp both for the storage of materials and the construction of these large-scale modules while civil and underground works are in full swing. &nbsp; For this modular method of construction, INEOS was able to rely on the extensive expertise of its technology partner Technip Energies. With the arrival of the modules in Antwerp, the plant can be built like Lego bricks connected on site. &nbsp; Furnaces with flexible, future-oriented design &nbsp; The INEOS cracker furnaces are equipped with Ultra-low NOx burners and combustion air preheaters that ensure maximum reduction of NOx emissions and maximum energy efficiency. Because of the unique combination of features, the furnaces selected for Project ONE have the lowest carbon footprint compared to all other similar alternatives. They are suitable for using fuel with a high hydrogen content. From the first day the ethane cracker is operational, INEOS will already be able to meet 60% of its heat demand with low-carbon hydrogen instead of natural gas. State of the art technology, coupled with this reduced use of natural gas means the Project One cracker will have &frac12; the carbon footprint per tonne of product compared to the next best cracker in Europe. And the technology is already poised to switch to 100% hydrogen as soon as sufficient volumes of affordable climate-friendly hydrogen become available. &nbsp; Bhaskar Patel, SVP Sustainable Fuels, Chemicals &amp; Circularity, Technip Energies said: &ldquo;The arrival of the first shipment of furnace modules for INEOS in Belgium shows that our extensive expertise in modularized delivery is underpinned by exceptional standards of safety and quality. We want to thank INEOS for its trust and cooperation. We are looking forward to completing the next phases of the Project ONE journey.&rdquo; &nbsp; 2025: towards peak yard activity &nbsp; In 2024, civil and underground works on site have been brought to completion to prepare the site for the arrival of the plant modules. A first vertical structure emerged with the ethane tank which, with a capacity of 197 000 m3, is the largest in Europe. By 2025, with the integration of the modules, the construction site will increasingly take on the contours of a chemical plant. At the peak of the works (from the third quarter onwards), around 2,500 workers will be employed. &nbsp; Jacques Vandermeiren, CEO Port of Antwerp-Bruges, commented: &ldquo;The arrival of the first furnaces for Project ONE marks a crucial milestone for Port of Antwerp-Bruges and the European chemical sector. This project not only strengthens Antwerp&rsquo;s role as a strategic hub, but also helps anchor a forward-looking and sustainable industry in Europe. This investment is necessary for the European economy and we are therefore proud to see this progress at the port and look forward to the further realisation of this pioneering investment.</description> <pubDate>Fri, 17 Jan 2025 11:35:08 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/businesses/ineos-olefins-and-polymers-europe/sustainability/reducing-co2/p1-furnaces-arriving-by-sea.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/sites/belgium/news-index/giant-project-one-plant-module-makes-remarkable-passage-to-port-of-antwerp/ </link> <title>Giant Project ONE plant module makes remarkable passage to port of Antwerp</title> <description>First furnaces for INEOS&rsquo; ethane cracker arrive at Project ONE site
<ul>
<li>Works on the Project ONE yard are running at full speed as the first giant plant modules arrive and the site goes vertical</li>
<li>Arrival of the first cracking furnaces in Antwerp is a highlight in the construction records of the plant</li>
<li>Project is on track with a total of EUR 3 billion spent to date. In 2025 activity in the Antwerp site will peak with up to 2,500 workers</li>
<li>Already 125 permanent employees have been recruited and the hiring process of many more technical profiles is ongoing. Project ONE will create a total of 450 high-quality permanent jobs (300 payroll employees and 150 permanent contractors)</li>
</ul>
<iframe title="YouTube video player" src="https://www.youtube.com/embed/FtNKqwshpVU?si=FEYQqTVZH9zgLKSG" width="100%" height="500" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="allowfullscreen"></iframe>
INEOS has received the module containing the first two furnaces destined for Project ONE&rsquo;s new ethane cracker at the quay of the construction site in Lillo, Antwerp. The arrival of this module is an important milestone in the realisation of INEOS&rsquo; investment in a new chemical plant in Antwerp. Indeed, the furnaces form the heart of the ethane cracker under construction: in the furnace section, ethane is converted to ethylene by bringing the ethane to a high temperature in the presence of steam. &nbsp; Weighing as much as 6,000 tonnes, more than 32 metres wide and 60 metres high (as high as Antwerp&rsquo;s Museum aan de Stroom), this is one of the largest and most spectacular industrial ship transports ever in the port of Antwerp. The monetary value of the module with two furnaces is also considerable: it amounts to as much as EUR 150 million. &nbsp; The arrival of the remaining four furnaces is scheduled for the first quarter of this year. &nbsp; John McNally, CEO of INEOS Project ONE said, &ldquo;The arrival of the first furnaces at the Antwerp site after a long overseas journey is a spectacular and joyous moment for everyone involved in the making of our project. It cannot be ignored: Project One is no longer a virtual project on paper, but is increasingly gaining a foothold in the port. It is hugely motivating to see a plant actually rise after all these years of preparation. A lot of work has been done in 2024, but by 2025 the centre of gravity of construction activity will be fully in Antwerp.&rdquo; &nbsp; Special overseas transport: from Sattahip to Antwerp &nbsp; The overseas transit of the furnaces, which were manufactured in Thailand, is considered one of the most critical moments during the lifetime of the furnaces, which last around 50 years. Because of the precarious situation in the Red Sea, the transport had to make a diversion via the Cape of Good Hope and was underway for a total of 55 days over a distance of 12,500 nautical miles. To keep the cargo stable during the overseas transport, it was reinforced with a steel framework and literally welded to the ship. &nbsp; The vessel will stay another 9 days at the quay wall for releasing and unloading the module with furnaces and pipe-racks. The round-the-clock activity will be carried out by Flemish contractor Sarens, who is also in charge of the SPMT (Self Propelled Modular Transporter) transport and jacking to bring the components to the correct position for installation on site; a huge endeavour due to the enormous dimensions of the plant units. &nbsp; Modular construction concept &nbsp; Project ONE is also generating a lot of activity outside Antwerp. As many as 10 000 workers worldwide were mobilised for the construction of the new plant. A large number of these were at work in the module yards in Thailand, Abu Dhabi and the Philippines, a phase that is now gradually being completed. A total of 10 million man-hours were performed at the Thailand yard. &nbsp; Modules like furnaces require specialised expertise both for their production and assembly. There are only a limited number of construction yards around the world that are adequately equipped and accessible to ocean-going vessels for this purpose. Moreover, there is too little space at the construction site in Antwerp both for the storage of materials and the construction of these large-scale modules while civil and underground works are in full swing. &nbsp; For this modular method of construction, INEOS was able to rely on the extensive expertise of its technology partner Technip Energies. With the arrival of the modules in Antwerp, the plant can be built like Lego bricks connected on site. &nbsp; Furnaces with flexible, future-oriented design &nbsp; The INEOS cracker furnaces are equipped with Ultra-low NOx burners and combustion air preheaters that ensure maximum reduction of NOx emissions and maximum energy efficiency. Because of the unique combination of features, the furnaces selected for Project ONE have the lowest carbon footprint compared to all other similar alternatives. They are suitable for using fuel with a high hydrogen content. From the first day the ethane cracker is operational, INEOS will already be able to meet 60% of its heat demand with low-carbon hydrogen instead of natural gas. State of the art technology, coupled with this reduced use of natural gas means the Project One cracker will have &frac12; the carbon footprint per tonne of product compared to the next best cracker in Europe. And the technology is already poised to switch to 100% hydrogen as soon as sufficient volumes of affordable climate-friendly hydrogen become available. &nbsp; Bhaskar Patel, SVP Sustainable Fuels, Chemicals &amp; Circularity, Technip Energies said: &ldquo;The arrival of the first shipment of furnace modules for INEOS in Belgium shows that our extensive expertise in modularized delivery is underpinned by exceptional standards of safety and quality. We want to thank INEOS for its trust and cooperation. We are looking forward to completing the next phases of the Project ONE journey.&rdquo; &nbsp; 2025: towards peak yard activity &nbsp; In 2024, civil and underground works on site have been brought to completion to prepare the site for the arrival of the plant modules. A first vertical structure emerged with the ethane tank which, with a capacity of 197 000 m3, is the largest in Europe. By 2025, with the integration of the modules, the construction site will increasingly take on the contours of a chemical plant. At the peak of the works (from the third quarter onwards), around 2,500 workers will be employed. &nbsp; Jacques Vandermeiren, CEO Port of Antwerp-Bruges, commented: &ldquo;The arrival of the first furnaces for Project ONE marks a crucial milestone for Port of Antwerp-Bruges and the European chemical sector. This project not only strengthens Antwerp&rsquo;s role as a strategic hub, but also helps anchor a forward-looking and sustainable industry in Europe. This investment is necessary for the European economy and we are therefore proud to see this progress at the port and look forward to the further realisation of this pioneering investment.</description> <pubDate>Fri, 17 Jan 2025 09:49:00 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/contentassets/92560308895648a2be017cd5c166767b/p1-furnaces-arriving-by-sea.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/businesses/ineos-olefins-polymers-europe/news/tanker-sets-sail-from-ineos-rafnes-powered-by-lower-emission-sails/ </link> <title>Tanker sets sail from INEOS Rafnes powered by lower emission sails</title> <description>In November, a ship carrying ethylene became the first gas tanker to set sail from INEOS Rafnes fitted with VentoFoil sails that provide extra, wind powered propulsion while out at sea.
The sails work in conjunction with the existing engines, using smart vacuum technology that amplifies wind strength by five times, to achieve remarkable efficiency and power. It&rsquo;s expected to reduce fuel use for these journeys by between 5-10 per cent per year, with lower CO2 emissions too.
Shipping company Anthony Veder announced the launch of two sails supplied by Econowind on board the Coral Patula, which ships ethylene produced at the INEOS Rafnes cracker to other INEOS sites and customers around Europe.
Alongside game-changing investments such as the construction of Project ONE, it&rsquo;s another example of how INEOS also increases efficiency and reduces CO2 emissions in hundreds of small ways.
Ethylene is the building block for a wide range of products essential to our daily lives, with applications in construction, healthcare and automotive, for example.
How the sails work
<ul>
<li>Each sail is 16 meters high and 2.8 meters wide</li>
<li>Driven up and down with the help of a computer-controlled hydraulic system, taken down and secured when the ship approaches a port</li>
<li>Built-in ventilators create a vacuum behind the wing that multiples the force of the wind</li>
</ul></description> <pubDate>Wed, 15 Jan 2025 13:15:26 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/businesses/ineos-olefins-and-polymers-europe/sites/norway/2024-10-23-coral-patula-aerial-ventofoils-4.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/chemicals-coming-to-an-end-in-the-uk/ </link> <title>Chemicals coming to an end in the UK.</title> <description><ul>
<li>Lack of energy strategy and high carbon taxes continue to de-industrialise Britain</li>
<li>INEOS closes last remaining synthetic ethanol plant in the UK with the loss of several hundred jobs.<hr /></li>
</ul>
High energy prices and high carbon taxes have forced the closure of this strategic UK asset.
The UK, which used to be a major force in chemicals, employing a large and highly skilled workforce, has seen the closure of 10 large chemical complexes in the last 5 years alone and, in complete contrast to the USA, has not had one new chemical plant built for a generation.
Energy prices have doubled in the UK in the last 5 years and now stand five times higher than those in the USA. The UK cannot compete with such a huge disadvantage.
The synthetic alcohol, which is essential for the manufacture of many pharmaceutical drugs, is necessary for many of the new blockbuster drugs. It will now be imported.
The Scottish ethanol plant in Grangemouth is one of only 2 in Europe and since the start of production over 40 years ago, has produced the equivalent of 25 billion bottles of Scottish whisky.
Sir Jim Ratcliffe, Chairman of INEOS says, &ldquo;De-industrialising Britain achieves nothing for the environment. It merely shifts production and emissions elsewhere. The UK, and particularly the North, needs high quality manufacturing and the associated manufacturing jobs. We are witnessing the extinction of one of our major industries as chemical manufacture has the life squeezed out of it.&rdquo;
ENDS
Media contacts
INEOS Agency (ineos@firstlightgroup.io) 020 7193 9030 David East (david.east@ineos.com) 01324 476948 Richard Longden (richard.longden@ineos.com)&nbsp;&nbsp; +41 7996 26123
&nbsp;
Notes to Editors
Synthetic ethanol was produced on the Grangemouth plant predominantly for use in healthcare and pharmaceutical sectors. The plant capacity of 180,000 tonne per year is equivalent to:
<ul>
<li>226 million litres per year</li>
<li>Equivalent to filling 90 Olympic sized swimming pools per year</li>
<li>The ethanol content of more than 600 million bottles of hand sanitizer per year.</li>
</ul>
Over the course of its operational lifespan, the plant made the equivalent of 25 billion bottles of Scottish Whisky.
The UK chemicals sector, like many other energy intensive industries, is fighting to be competitive in global markets:
<ul>
<li>Energy costs can be between 5 and 10 times cheaper in some regions</li>
<li>Many countries outside of the UK / EU have no carbon reduction trading scheme or taxes</li>
</ul>
Combined, this can result in a differential in the costs of distilling and purifying ethanol equivalent to around 10% of the sales price of ethanol.
Over the last two decades, carbon emissions from our operations at Grangemouth have fallen by almost 50%; we are on a journey towards net zero, but the next steps require significant investment and Governmental support/ action
INEOS is calling upon the UK Government to take urgent action and act in the interests of UK manufacturing. Specifically in three key areas:
<ol>
<li>An energy policy that provides globally competitive pricing of natural gas, and hydrogen, as we move towards net zero.</li>
<li>An Emissions Trading Scheme that supports industry and decarbonisation equally; the current scheme acts as a tax on UK operators and favours importers who pay nothing.</li>
<li>A trade policy that supports UK manufacturing in its own domestic markets and does not incentivise imports.</li>
</ol>
All affected direct employees associated with the ethanol plant operations will be redeployed across the chemicals business at Grangemouth. This still results in a net job loss of 80 roles at Grangemouth, with a further impact of more than 500 indirect roles in the wider economy.&nbsp;
</description> <pubDate>Mon, 13 Jan 2025 07:00:00 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/contentassets/f62f1bfcd95f4597b7beaf8f157ed8d8/drp_6320.jpg?width=600"/> </item> <item> <link> https://www.ineos.com/news/ineos-group/ineos-announces-waiver-of-the-conditions-for-the-redemption-of-all-its-outstanding-338-senior-secured-notes-due-2026-and-a-portion-of-its-outstanding-218-senior-secured-notes-due-2025/ </link> <title>INEOS announces waiver of the conditions for the redemption of all its outstanding 33/8% Senior Secured Notes due 2026 and a portion of its outstanding 21/8% Senior Secured Notes due 2025</title> <description>LYNDHURST &ndash; December 20, 2024. INEOS Finance plc (&ldquo;INEOS&rdquo;) today announces that it has waived the Refinancing Condition (stated in the notices of conditional redemption issued on December 11, 2024) with respect to the conditional redemption of (i) all of its outstanding 33/8% Senior Secured Notes due 2026 (the &ldquo;33/8% Notes&rdquo;) and (ii) &euro;45,000,000 aggregate principal amount of its 21/8% Senior Secured Notes due 2025 (the &ldquo;21/8% Notes&rdquo; and, together with the 33/8% Notes, the &ldquo;Notes&rdquo;), which Notes have been conditionally called to be redeemed on December 21, 2024 (the &ldquo;Redemption Date&rdquo;). As such, the redemption of the Notes will occur on the Redemption Date.
33/8% Senior Secured Notes due 2026 ISIN Numbers: XS2250349409 (Rule 144A) and XS2250349581 (Regulation S)
21/8% Senior Secured Notes due 2025 ISIN Numbers: XS1577946129 (Rule 144A) and XS1577947440 (Regulation S)
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.
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 &ldquo;FSMA&rdquo;) 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 &ldquo;Financial Promotion Order&rdquo;), (ii) are persons falling within Article 49(2)(a) to (d) (&ldquo;high net worth companies, unincorporated associations etc.&rdquo;) of the Financial Promotion Order, (iii) are outside the United Kingdom, 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 &ldquo;Relevant Persons&rdquo;). 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 press release 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 that has implemented Directive 2003/71/EC, and any amendments thereto (together with any applicable implementing measures in any member state, the &ldquo;Prospectus Directive&rdquo;).
Forward-Looking Statements
This press release includes &ldquo;forward-looking statements,&rdquo; 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; our significant debt service obligations, as well as our ability to generate sufficient cash flow to service our debt; risks associated with our capital structure and our other indebtedness; 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; our ability to deleverage through strategic disposals of certain assets and non-core businesses; raw material costs or supply arrangements; our ability to conduct operations in several different countries; wars and other armed conflicts, including the Russian invasion of Ukraine and the conflict in the Middle East; potential business interruptions due to the actions of third parties; changes in tax laws or the application or interpretation thereof; our ability to maintain an effective system of internal controls over financial reporting; our ability to adequately protect our computer systems against information theft, data corruption, operational disruption and any other cybersecurity risks; our technological and manufacturing assets and our ability to utilize them to further increase sales and the profitability of our businesses; impacts of climate change, including regulatory requirements on 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 and the related costs of maintaining compliance with, and addressing liabilities
under, those requirements; operational hazards, including the risk of accidents that result in injury to persons and environmental contamination; our ability to retain existing customers and obtain new customers; our ability to develop new products and technologies successfully; our ability to successfully integrate acquired businesses with our historical business and realize anticipated synergies and cost savings, including with respect to businesses acquired; currency fluctuations; credit and capital markets conditions as well as general economic, social or political conditions, including risks associated with economic recessions, and our customers&rsquo; access to credit; changes in pension fund investment performance or assumptions relating to pension costs; our ability to attract and retain members of management and key employees; our relationship with our shareholders, affiliates and joint ventures and general economic, social or political conditions. 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. Words such as &ldquo;believe,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;may,&rdquo; &ldquo;assume,&rdquo; &ldquo;plan,&rdquo; &ldquo;intend,&rdquo; &ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;estimate,&rdquo; &ldquo;risk&rdquo; 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. 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.</description> <pubDate>Fri, 20 Dec 2024 07:00:00 GMT</pubDate> <media:thumbnail url="https://www.ineos.com/globalassets/ineos-group/news/group/documents-financial-report1.jpg?width=600"/> </item> </channel> </rss>

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