TITLE

BP to sell Innovene to Ineos for $9bn

PUB. DATE
October 2005
SOURCE
Process Engineering;Oct2005, Vol. 86 Issue 10, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that British Petroleum Co. PLC will sell Innovene Inc. to specialty petrochemical firm Ineos PLC in Great Britain. Innovene is British Petroleum's olefins, derivatives and refining group. Subject to regulatory approvals, the sale includes all Innovene's manufacturing sites in Europe and North America, markets and technologies. According to Ineos CEO Jim Ratcliffe, the acquisition will elevate Ineos to the world's fourth largest independent petrochemicals company.
ACCESSION #
18970844

 

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