ASCENT WV Cracker Adopts Polyethylene Process Technology

INEOS Polyethylene Technology Selected for the ASCENT Cracker Plant in WV

From a Press Release of INEOS, October 1, 2014

INEOS Technologies announced today that it has entered into license agreements for its Innovene S and Innovene G polyethylene technologies to be used by the proposed ASCENT (Appalachian Shale Cracker Enterprise) petrochemical complex currently being evaluated by Odebrecht and Braskem in West Virginia.

The Innovene G and Innovene S plants produce a full range of linear low density and high density polyethylene with multiple catalysts, serving polyethylene customers with innovative and consistent products.

Peter Williams, CEO of INEOS Technologies, said: “The selection of the Innovene G and Innovene S technologies for this landmark project in the United States is another milestone in the strategic technology partnership between the two companies. We are looking forward to working with the ASCENT team to deliver a successful world scale polyethylene complex in the Appalachian Region.”

INEOS has also signed polyethylene licensing agreements for Innovene S plants with Braskem-IDESA, which is building the Etileno XXI petrochemical complex in Mexico that is expected to be commissioned in 2015.

Notes on INEOS . . .

Ineos Group Limited (styled as INEOS) is a privately owned multinational chemicals company headquartered in Rolle, Switzerland, and with its registered office in Lyndhurst, UK. It is in the top ten chemicals manufacturing companies as measured by sales revenue. Jim Ratcliffe is the founder, Chairman and 60 percent shareholder. Ineos is organised into around 20 standalone business units, each with its own board.

Ineos is an acronym of INspec Ethylene Oxide Specialities, a name derived from their first acquisition in 1998, from the chemical arm of British Petroleum (BP).  It also stems from one Latin and two Greek words that founder, Jim Ratcliffe, and his two sons found when searching for a company name. “Ineo” is Latin for a new beginning, “Eos” is the Greek goddess of dawn and “neos” means something new and innovative. As a result, the name Ineos represents the “dawn of something new and innovative.”

INEOS Technologies is a leading developer and licensor of technologies for the global petrochemicals industry. It offers the broadest range of petrochemical technologies on the market today and also supplies catalysts, additives and coatings that our customers require to obtain the best possible performance from their investments.

INEOS Technologies’ complete portfolio of leading licensed technologies includes:

• Innovene PP – gas phase technology for the production of polypropylene
• Innovene S – slurry technology for the production of mono and bi-modal HDPE
• Innovene G -swing gas phase technology for the production of LLDPE and HDPE
• BICHLOR – membrane electrolyser technology for chlor alkali production
• Vinyls – technology for the production of EDC, VCM and PVC
• Nitriles – technology for the production of Acrylonitrile and Maleic Anhydride
• Polystyrene – general purpose, high impact and expandable PS technologies