This XML file does not appear to have any style information associated with it. The document tree is shown below. <rss xmlns:a10="http://www.w3.org/2005/Atom" version="2.0"> <channel> <title>Ineos: Latest News</title> <link>http://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/sites/belgium/news-index/inovyn-announces-project-to-develop-europes-first-hydrogen-powered-barge-for-bulk-liquid-chemical-transport/</link> <title>INOVYN announces project to develop Europe’s first hydrogen powered barge for bulk liquid chemical transport</title> <description><p>The low carbon hydrogen to power the barge will be supplied by INOVYN as a co-product from its chemical manufacturing operations.</p> <p>VT Group will retrofit an existing barge with hydrogen technology, replacing the gasoil combustion technology that is fitted today. &nbsp;This will reduce annual CO2&nbsp;emissions by an estimated 1,000 tonnes.</p> <p>Wouter Bleukx, Hydrogen Business Manager for INOVYN: &ldquo;This is the latest example of INOVYN driving the decarbonisation agenda as part of INEOS&rsquo;s &euro;2 billion investment programme. Hydrogen-powered transport will play a critical role in Europe&rsquo;s journey to net-zero and INOVYN is perfectly positioned to drive down emissions in the transport sector as we are already a producer of low-carbon hydrogen and have significant demand for transportation.&rdquo;<br />VT Group will own and operate the new barge on behalf of INOVYN.&nbsp;</p> <p>Niels Groenewold, CEO of VT Group comments: &ldquo;Our strong relationship with INOVYN has always enabled us to innovate.&nbsp; Being able to contribute to a net-zero operation is very valuable to us and is perfectly aligned with our company&rsquo;s sustainability ambitions.&rdquo;<br />INOVYN, through its parent company INEOS, is involved in multiple projects across Europe to develop green hydrogen and replace existing carbon-based sources of energy, feedstocks and fuel. &nbsp;</p> <p>The group will work closely with national and European governments to facilitate hydrogen&rsquo;s significant role in the new green economy, including this project.</p> <p><img src="http://www.ineos.com/link/84f2c1e4e80c4a6e9212cdaa871f194a.aspx" alt="Volendam_21nov2021+(3).JPG" width="500" height="333" /></p></description> <pubDate>Wed, 24 Nov 2021 14:15:21 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/ineos-group/sites/ineos-belgium/belgium/volendam_21nov20213.jpg?width=600</media:thumbnail> </item> <item> <link>https://www.ineos.com/news/ineos-group/inovyn-announces-project-to-develop-europes-first-hydrogen-powered-barge-for-bulk-liquid-chemical-transport/</link> <title>INOVYN announces project to develop Europe's first hydrogen powered barge for bulk liquid chemical transport</title> <description><p>INOVYN has today announced a partnership with the Netherlands based VT Group (Verenigde Tankrederij) to build Europe&rsquo;s first bulk liquid chemical barge powered by hydrogen. &nbsp;&nbsp;</p> <p>This is part of INOVYN&rsquo;s ongoing strategy to develop green hydrogen and replace existing carbon-based sources of energy, feedstocks and fuel.</p> <p>The hydrogen-powered barge will transport vital raw materials for INOVYN between its sites at Antwerp and Jemeppe, Belgium. The low carbon hydrogen to power the barge will be supplied by INOVYN as a co-product from its chemical manufacturing operations.</p> <p>VT Group will retrofit an existing barge with hydrogen technology, replacing the gasoil combustion technology that is fitted today. This will reduce annual CO<sub>2</sub>&nbsp;emissions by an estimated 1,000 tonnes.</p> <p>Comments Wouter Bleukx, Hydrogen Business Manager for INOVYN: &ldquo;This is the latest example of INOVYN driving the decarbonisation agenda as part of INEOS&rsquo;s &euro;2 billion investment programme. Hydrogen-powered transport will play a critical role in Europe&rsquo;s journey to net-zero and INOVYN is perfectly positioned to drive down emissions in the transport sector as we are already a producer of low-carbon hydrogen and have significant demand for transportation.&rdquo;</p> <p>VT Group will own and operate the new barge on behalf of INOVYN. Niels Groenewold, CEO of VT Group comments: &ldquo;Our strong relationship with INOVYN has always enabled us to innovate. Being able to contribute to a net-zero operation is very valuable to us and is perfectly aligned with our company&rsquo;s sustainability ambitions.&rdquo;</p> <p>INOVYN, through its parent company INEOS, is involved in multiple projects across Europe to develop green hydrogen and replace existing carbon-based sources of energy, feedstocks and fuel.&nbsp;</p> <p>The group will work closely with national and European governments to facilitate hydrogen&rsquo;s significant role in the new green economy, including this project.</p> <p>ENDS</p> <p><strong>UK<br /><br />Craig Welsh</strong><br />T:&nbsp;<a href="tel:%2B44%20%280%291928%20511528" target="_blank" rel="noopener">+44 (0)1928 511528</a><br />E:&nbsp;<a href="mailto:craig.welsh@inovyn.com" target="_blank" rel="noopener">craig.welsh@inovyn.com</a></p> <p><strong>BELGIUM</strong></p> <p><strong>Nathalie Meert</strong><br />T: 0491 35 91 67<br />E:&nbsp;<a href="mailto:nathalie.meert@ineos.com">nathalie.meert@ineos.com</a></p> <p><strong>GERMANY</strong></p> <p>Anne-Gret Iturriaga Abarzua<br />T: +49 221 3555-1096<br />E:&nbsp;<a href="mailto:anne-gret.iturriaga.abarzua@ineos.com">anne-gret.iturriaga.abarzua@ineos.com</a></p> <p><span style="text-decoration: underline;">For editors:</span></p> <p>About INOVYN</p> <p>Part of INEOS, INOVYN is Europe's leading producer of vinyls and in the top three worldwide. With an annual turnover of &euro;3.1 billion, INOVYN has circa 4,200 employees and chemical manufacturing, sales and marketing operations in 8 countries across Europe.</p> <p>INOVYN&rsquo;s portfolio consists of an extensive range of class-leading products arranged across General Purpose Vinyls; Specialty Vinyls; Organic Chlorine Derivatives; Chlor Alkali; Hydrogen and Vinyls Technologies. INOVYN's annual commercial production volume is circa 10 million tonnes.</p> <p><a title="INOVYN News" href="https://www.inovyn.com/news/inovyn-announces-project-to-develop-europes-first-hydrogen-powered-barge-for-bulk-liquid-chemical-transport/" target="_blank" rel="noopener">https://www.inovyn.com/news/inovyn-announces-project-to-develop-europes-first-hydrogen-powered-barge-for-bulk-liquid-chemical-transport/</a></p></description> <pubDate>Wed, 24 Nov 2021 12:04:21 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification"/> </item> <item> <link>https://www.ineos.com/businesses/ineos-styrolution/news/ineos-styrolution-and-university-bayreuth-continue-successful-rd-cooperation/</link> <title>INEOS Styrolution and University Bayreuth continue successful R&D cooperation</title> <description><p> <i class="icon-earth"></i>Frankfurt/ Germany</p><p> <li>University Bayreuth acquires extruder from INEOS Styrolution to support further research projects</li> <li>New extruder elevates the University of Bayreuth to a new level in plastics compounding<br /><br /></li> </p><p><strong>INEOS Styrolution, the global leader in styrenics, </strong><strong>and the University of Bayreuth continue their long-established R&D collaboration preparing for future projects. A new twin screw extruder will allow the university to perform plastics compounding at a new level.</strong></p><p>INEOS Styrolution looks back at almost eight years of collaborating with the University of Bayreuth on various R&D projects to unleash the full power of styrenics materials. Initial projects were focused on optimising materials for selected industries and applications. More recently, the focus has shifted to projects addressing sustainable solutions. The research includes various aspects of depolymerisation of polystyrene to convert post-consumer styrenics waste to monomer feedstock.</p><p>Dr. Norbert Niessner, Global Innovation Director at INEOS Styrolution comments: “Bayreuth is known in our industry as an internationally renowned location with highly developed skills to progress polymer innovation. With this win-win deal we help to further improve Bayreuth´s development position in polymer compounding. We are happy to contribute strengthening our partner.”</p><p>Prof. Dr.-Ing. Holger Ruckdäschel from the Department of Polymer Engineering at the University of Bayreuth adds: “We are excited about the capabilities the new twin screw extruder offers. We are looking forward to new projects, with INEOS Styrolution being one of our major partners.”</p><p>The twin screw extrusion process is based on two intermeshing, co-rotating screws mixing raw materials (such as granules or powders) at defined processing conditions. The device is useful for wide-ranging polymer processes. The extruder perfectly bridges the gap between lab and pilot-scale with its throughput range from 0.5 – 20 kg/h. Minimum material is needed for taking first steps in processing, and also larger quantities of material can be manufactured at reproducible conditions. Moreover, side-feeding equipment allows to add thermally sensitive materials, fillers or reinforcing fibers. The new machine ideally enables the University of Bayreuth to develop new polymeric materials.<br /><br /><br />Previous communication on the INEOS Styrolution – Bayreuth collaboration:</p><p> <li><span><a href="http://www.ineos-styrolution.com/news/PR_Bayreuth">http://www.ineos-styrolution.com/news/PR_Bayreuth</a></span></li> <li><span><a href="http://www.ineos-styrolution.com/news/INEOS-Styrolution-NMB-GmbH-and-University-of-Bayreuth-celebrate-seventh-anniversary">http://www.ineos-styrolution.com/news/INEOS-Styrolution-NMB-GmbH-and-University-of-Bayreuth-celebrate-seventh-anniversary</a></span></li> </p><p>ABOUT INEOS STYROLUTION</p><p>INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering solutions, designed to give them a competitive edge in their markets. At the same time, these innovative and sustainable best-in-class solutions help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2020, sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.</p><p><u> For futher information contact: </u><p><p> Name : Dr. Ralf Leinemann </p><p> Position : Global Manager PR &amp; Marketing Communications </p><p> Phone Number : work +49 69 5095501366 </p><p> Email : ralf.leinemann@ineos.com </p></p></p></description> <pubDate>Thu, 18 Nov 2021 10:00:00 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/news_media_articles/bayreuth_small1.jpg?width=600</media:thumbnail> </item> <item> <link>https://www.ineos.com/news/ineos-group/the-announcement-of-the-protocol-and-class-rule-of-the-37th-americas-cup/</link> <title>The announcement of the protocol and class rule of the 37th America's cup</title> <description><p>The Protocol of the 37th America&rsquo;s Cup was released today by the Defender, the Royal New Zealand Yacht Squadron and Emirates Team New Zealand and the Challenger of Record - Royal Yacht Squadron Ltd and their representative team INEOS Britannia, eight months to the day after Emirates Team New Zealand successfully defended the America&rsquo;s Cup.</p> <p>The Protocol sets the foundations and rules of participation for all teams in the 37th America&rsquo;s Cup and records the items of mutual consent under the America&rsquo;s Cup Deed of Gift agreed between the Defender and the Challenger of Record which establishes the basis for a multi challenger event.</p> <p>Defender Emirates Team New Zealand&rsquo;s CEO Grant Dalton said: <em>&ldquo;As we saw with AC36, after 170 years, as the oldest trophy in international sport, the America&rsquo;s Cup maintains its unique position of balancing the traditions of the Deed of Gift while continuing to push the boundaries of innovation, technology and design in the boats, the event, the broadcast and the commercial aspects of the event.</em><em>&nbsp;</em></p> <p><em>Maintaining this balance is the ongoing challenge and responsibility of the Defender and Challenger of Record as we aim to progress into the 37<sup>th</sup> edition of the America&rsquo;s Cup in the ever-changing environment and demands of global sports as well as a determination to drive sustainability through innovation via hydrogen technology for the marine sector which we both believe is reflected in this Protocol.&rdquo;</em></p> <p>INEOS Britannia CEO and Team Principal Sir Ben Ainslie said: &ldquo;<em>As Challenger of Record, INEOS Britannia has sought with the Defender, Emirates Team New Zealand, to make the next America&rsquo;s Cup less expensive and more inclusive. The Protocol this time around will see reduced team operating costs without compromising any of the technical development which the Cup is so famous for. There is an opportunity for change, so for AC37 we will see the first Women&rsquo;s America&rsquo;s Cup Regatta and we also welcome back the Youth America&rsquo;s Cup</em><em>.&rdquo;</em></p> <p>An updated &lsquo;Version 2&rsquo; of the AC75 Class Rule has been released from the last America&rsquo;s Cup which specifies the latest requirements to be compliant with the class rule including modification requirements for new teams buying &lsquo;Version 1 AC75&rsquo;s&rsquo; that were built and used by teams competing in AC36.</p> <p>Cost reduction has been a key consideration as part of the balance in the development of the AC37 Protocol including:</p> <ul> <li>Teams are only permitted to build one new AC75.</li> <li>Limitations on the quantity of foils and componentry that can be built for the AC75&rsquo;s.</li> <li>Introduction of the multipurpose One Design AC40 class which teams will be able to convert and use for testing, component development and Match Race training.</li> <li>AC40 class will then be converted back to the measured One Design AC40 class for use in the exciting new America&rsquo;s Cup Women&rsquo;s Regatta and America&rsquo;s Cup Youth events. These events have been developed to create new accelerated inclusive pathways into the America&rsquo;s Cup for the growing global talent pool of female and youth sailors.</li> <li>Race crew onboard the AC75 reduced from 11 to 8 sailors.</li> <li>Further One design elements.</li> <li>Shared team recon.</li> <li>Supplied starting software.</li> <li>The AC75 class of boat will be maintained for the next two events.</li> </ul> <p>The shared recon programme whilst reducing costs, is also aimed to give America&rsquo;s Cup fans the inside track on the testing and development on the water by all the teams. The observations will be made public via AC media channels so that fans can stay up to date with the latest developments as they emerge from the sheds throughout the whole of AC37.</p> <p>With a view to opening the doors and the continued drive to increase the global audience of the America&rsquo;s Cup and the sport of sailing, a condition of entry to competitors is they agree to be part of a potential behind-the-scenes documentary series. The intention of this is to bring the secrecy, the drama and all the teams&rsquo; personalities into the limelight.</p> <div class="epi-contentfragment">AC37 Video</div> <p>There will be up to three Preliminary Regattas, the first two raced in AC40s, the last one at the Match venue in AC75s. The Challenger Selection Series and the America&rsquo;s Cup Match will be held in 2024, with the Match Venue and approximate event dates to be announced by 31<sup>st</sup> March 2022.</p> <p>The Protocol outlines restrictions on when the AC75&rsquo;s can be sailed. With the anticipated benefit angled towards new Challengers to AC37, existing teams are not permitted to sail their AC75s&rsquo; before the 17<sup>th</sup> September 2022, however new Challengers entering AC37 that have purchased a second hand &ldquo;Version 1 AC75&rdquo; are permitted to sail their AC75 for 20 days from 17<sup>th</sup> June 2022. There are other restricted sailing periods which are provisional and will be confirmed once the Match venue is announced.</p> <p>The Crew Nationality Rule will require 100% of the race crew for each competitor to either be a passport holder of the country of the team&rsquo;s yacht club as of 17th March 2021 or to have been physically present in that country (or, acting on behalf of such yacht club in Auckland, the venue of the AC36 Events) for 18 months of the previous three years prior to 17<sup>th</sup> March 2021.&nbsp; As an exception to this requirement, there will be a discretionary provision allowing a quota of non-nationals on the race crew for competitors from &lsquo;Emerging Nations.&rsquo;</p> <p>As part of the ongoing drive for innovation and new clean technology in the America&rsquo;s Cup, it is now a mandated obligation of all teams to build and operate two hydrogen powered foiling chase boats for their campaign (subject to proof of concept). It&rsquo;s hoped showcasing proven hydrogen technology in the marine sector will help create a game-changing pathway for the wider industry and lead to a significant reduction in its carbon footprint. These boats must be a minimum of 10 metres long and the usage and performance criteria is set out in the Protocol.</p> <p><img src="http://www.ineos.com/link/f8d44ccfb4d54a34b0b8776af051e110.aspx" alt="AC37_D__IB-BOATS-1-1.jpg" width="900" height="900" /></p> <p>&ldquo;<em>A significant proportion of the team&rsquo;s carbon footprints is in their on-water operations, through their long days of testing, development and training,</em>&rdquo; said Grant Dalton.</p> <p>&ldquo;<em>So for the past year we have been researching, designing and are now building a prototype hydrogen-powered foiling chase boat which will have a dramatic effect on the reduction of the team&rsquo;s carbon footprints, as well as pushing the development of hydrogen in the marine sector.</em>&rdquo;</p> <p>Race Management will be entirely independent of the event organisation and will be led by the Regatta Director. The umpires and jury will manage all on the water rules and disputes for all events.</p> <ul> <li>The independent Rules and Measurement Committees will be responsible for interpretation of the AC75 Class Rule and the yacht measurement.</li> <li>A three-person Arbitration Panel will oversee and deal with all Protocol disputes with published decisions to maintain the integrity of the event. And there will be a new fast-track process to reduce the potential delays in making decisions on disputed items.</li> </ul> <p>AARON YOUNG: Commodore of the Royal New Zealand Yacht Squadron</p> <p><em>&ldquo;</em><em>&nbsp;A lot of work has gone into the AC37 Protocol and we extend our thanks and gratitude to Emirates Team New Zealand and the Challenger of Record - the Royal Yacht Squadron&nbsp;</em><em>and INEOS Britannia</em><em>&nbsp;-&nbsp; for their hard work and commitment to an exciting 37<sup>th</sup>&nbsp;America&rsquo;s Cup.</em></p> <p><em>Clearly the 36<sup>th</sup> America&rsquo;s Cup was hugely successful despite the difficulties and huge restrictions due to dealing with the Covid 19 pandemic in New Zealand and globally. But as custodians of the America&rsquo;s Cup</em><em> along with Emirates Team New Zealand, </em><em>&nbsp;it is our responsibility to keep building the event for the good of the America&rsquo;s Cup, and the sport.</em><em> &nbsp;</em><em>&nbsp;</em></p> <p><em>We especially welcome the inclusion of both the Youth and Women&rsquo;s America&rsquo;s Cup as part of the protocol and event, and believe these are important developments that will increase participation and inclusion within the America&rsquo;s Cup going forward. We are also pleased to </em><em>keep pushing the boundaries of innovation, technology, sustainability, participation, broadcast and the commercial aspects of the event. And so we think we have taken a good step forward in that respect.</em><em>&nbsp;</em></p> <p><em>The Royal New Zealand Yacht Squadron will continue to support Team New Zealand as they fulfil their role in the planning, funding and delivery of this AC37 campaign and event.</em><em>&ldquo;</em></p> <p>ROBERT M. BICKET: Chairman of Royal Yacht Squadron Ltd</p> <p><em>&ldquo;We are delighted with the result of this positive collaboration between the Defender and the Challenger of Record which has resulted in a truly progressive protocol for the 37<sup>th</sup> America&rsquo;s Cup designed to promote fair competition and sustainability. Furthermore, we believe that the cost reduction measures and introduction of a women&rsquo;s and youth event provide new and exciting opportunities within our sport.</em>&ldquo;</p> <p><img src="http://www.ineos.com/link/760de5c582ea420c8923025129c58d5f.aspx" alt="AC37_C_IB-TIMELINE-16-9.jpg" width="1200" height="677" /></p> <p><strong>Key dates:</strong></p> <p><strong>2021</strong></p> <p>17th November 2021: &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AC37 Protocol and AC75 Class Rule V2 Published<br />1st December 2021: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entries for Challengers Open</p> <p><strong>2022</strong></p> <p>31<sup>st</sup> March 2022: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Defender to announce Match Venue and approximate event dates<br />17<sup>th</sup> June 2022:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New competitors may sail Version 1 AC75&rsquo;s for 20 sailing days<br />31st July 2022:&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entry Period Closes<br />17<sup>th</sup> September 2022: &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Competitors may sail an AC75 Yacht<br />30<sup>th</sup> November 2022: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACE to announce race schedule for the Match &nbsp;&nbsp;<br />30<sup>th</sup> November 2022:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACE to announce racing area for CSS and Match<br />31<sup>st</sup> December 2022: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACE to publish Brand Manual</p> <p><strong>2023</strong></p> <p>31<sup>st</sup> May 2023: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Final cut off for late Challenger entries<br />30<sup>th</sup> June 2023:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;ACE to publish Youth and Women&rsquo;s AC Agreement<br />30<sup>th</sup> June 2023: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COR/D to publish Match Conditions<br />30<sup>th</sup> November 2023: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COR/D to publish CSS Conditions</p></description> <pubDate>Wed, 17 Nov 2021 09:23:51 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/ineos-group/news/sports/ac37-protocols.png</media:thumbnail> </item> <item> <link>https://www.ineos.com/businesses/ineos-aromatics/news/ineos-aromatics-geel-wins-international-critical-communications-award/</link> <title>INEOS Aromatics Geel wins international critical communications award</title> <description><p>INEOS Aromatics Geel and its partners have been recognized for their work to switch to a new radio communications system, ensuring the site&rsquo;s critical needs as a chemical manufacturer were met with minimum disruption.</p> <p>INEOS Aromatics relies on radio communications to maximize efficiencies and worker safety at the site. An ageing system needed to be upgraded to something more flexible and future-proof, with clearer audio and network coverage that eliminated previous black spots. Local leadership were also concerned about losing service during the migration.</p> <p>Due to the critical nature of radio communication in a chemical plant, a dedicated project was set up and the site partnered with PS Radiocom, telecommunications specialists, to switch to Motorola Solutions&rsquo; DIMETRA Express system. The result was the required audio and coverage benefits, with no loss of service suffered by users during the transition.</p> <p>A case study was submitted to the International Critical Communications Awards (ICCA), the most prestigious awards in critical communications &ndash; it recognizes products, organizations and individuals that have pushed boundaries and capabilities in the field.</p> <p>The project made the shortlist and eventually won in the 'Best use of critical communications in mining, oil &amp; gas' category.</p> <p>Bart Van den Driessche, site manager, says 'I would like to thank our team for working closely with our partners to improve the quality of critical site telecommunications. They did so quickly and in a way that minimized the impact on our ability to operate safely and reliably during the transition - that took a lot of planning and teamwork.'</p> <p>See below for some of the success factors that contributed to the win.</p> <p>Congratulations and well done to the following members of the INEOS Aromatics Geel team: Johan Pauwels, Johan Wilms, Julie Van Riet, Peter Raeymaekers and Mark van Gestel.</p> <p>INEOS Aromatics Geel produces PX and PTA, used all over the world by the polyester industry to manufacture items such as clothes, carpets and food packaging.</p> <p><strong>Success factors, examples</strong></p> <ul> <li>Future proof, the ability to integrate new modules in the future</li> <li>Web-based integrated applications: health monitor delivers real time updates, radio control manager delivers real time info from each radio, activated or deactivated</li> <li>Over The Air Programming (OTAP) functionality, to integrate updates to the radios</li> <li>Authentication &amp; Security: only radios with the right authentication can connect to the system, plus option to take radios out of service</li> <li>65 channels, each with their necessary scan groups</li> <li>Man down radio functionality for when people work alone during off-hours - radio raises an alarm when in an angled position (45&deg;) for over 20 seconds</li> <li>Option to switch to peer-to-peer working with emergency radios if in unlikely event system fails</li> </ul> <p><strong>More information</strong></p> <ul> <li>Visit the <a title="Geel case study" href="https://www.motorolasolutions.com/content/dam/msi/docs/EA_Collaterals/case_studies/TETRA/DIMETRA_Express_CS_Ineos_EN.pdf" target="_blank" rel="noopener">Motorola Solutions website</a> to read the full case study</li> <li>Watch the <a title="INEOS Aromatics business profile" href="https://www.youtube.com/watch?v=BdSa3ix0vc4" target="_blank" rel="noopener">INEOS Aromatics business profile</a> to learn more about how the Geel site plays a key role in our work to lead the polyester industry to a more sustainable future (YouTube link)</li> <li>Visit the <a title="Awards website" href="https://www.critical-communications-world.com/madrid/iccas" target="_blank" rel="noopener">ICCA website</a>&nbsp;</li> </ul></description> <pubDate>Tue, 16 Nov 2021 10:15:01 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/contentassets/7afb084763c441598e4d481f170544da/geel-award.png</media:thumbnail> </item> <item> <link>https://www.ineos.com/sites/belgium/news-index/ineos-aromatics-geel-wins-international-critical-communications-award/</link> <title>INEOS Aromatics Geel wins international critical communications award</title> <description><p>INEOS Aromatics Geel and its partners have been recognized for their work to switch to a new radio communications system, ensuring the site&rsquo;s critical needs as a chemical manufacturer were met with minimum disruption.</p> <p>INEOS Aromatics relies on radio communications to maximize efficiencies and worker safety at the site. An ageing system needed to be upgraded to something more flexible and future-proof, with clearer audio and network coverage that eliminated previous black spots. Local leadership were also concerned about losing service during the migration.</p> <p>Due to the critical nature of radio communication in a chemical plant, a dedicated project was set up and the site partnered with PS Radiocom, telecommunications specialists, to switch to Motorola Solutions&rsquo; DIMETRA Express system. The result was the required audio and coverage benefits, with no loss of service suffered by users during the transition.</p> <p>A case study was submitted to the International Critical Communications Awards (ICCA), the most prestigious awards in critical communications &ndash; it recognizes products, organizations and individuals that have pushed boundaries and capabilities in the field.</p> <p>The project made the shortlist and eventually won in the 'Best use of critical communications in mining, oil &amp; gas' category.</p> <p>Bart Van den Driessche, site manager, says 'I would like to thank our team for working closely with our partners to improve the quality of critical site telecommunications. They did so quickly and in a way that minimized the impact on our ability to operate safely and reliably during the transition - that took a lot of planning and teamwork.'</p> <p>See below for some of the success factors that contributed to the win.</p> <p>Congratulations and well done to the following members of the INEOS Aromatics Geel team: Johan Pauwels, Johan Wilms, Julie Van Riet, Peter Raeymaekers and Mark van Gestel.</p> <p>INEOS Aromatics Geel produces PX and PTA, used all over the world by the polyester industry to manufacture items such as clothes, carpets and food packaging.</p> <p><strong>Success factors, examples</strong></p> <ul> <li>Future proof, the ability to integrate new modules in the future</li> <li>Web-based integrated applications: health monitor delivers real time updates, radio control manager delivers real time info from each radio, activated or deactivated</li> <li>Over The Air Programming (OTAP) functionality, to integrate updates to the radios</li> <li>Authentication &amp; Security: only radios with the right authentication can connect to the system, plus option to take radios out of service</li> <li>65 channels, each with their necessary scan groups</li> <li>Man down radio functionality for when people work alone during off-hours - radio raises an alarm when in an angled position (45&deg;) for over 20 seconds</li> <li>Option to switch to peer-to-peer working with emergency radios if in unlikely event system fails</li> </ul> <p><strong>More information</strong></p> <ul> <li>Visit the <a title="Geel case study" href="https://www.motorolasolutions.com/content/dam/msi/docs/EA_Collaterals/case_studies/TETRA/DIMETRA_Express_CS_Ineos_EN.pdf" target="_blank" rel="noopener">Motorola Solutions website</a> to read the full case study</li> <li>Watch the <a title="INEOS Aromatics business profile" href="https://www.youtube.com/watch?v=BdSa3ix0vc4" target="_blank" rel="noopener">INEOS Aromatics business profile</a> to learn more about how the Geel site plays a key role in our work to lead the polyester industry to a more sustainable future (YouTube link)</li> <li>Visit the <a title="Awards website" href="https://www.critical-communications-world.com/madrid/iccas" target="_blank" rel="noopener">ICCA website</a>&nbsp;</li> </ul></description> <pubDate>Tue, 16 Nov 2021 10:15:01 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/contentassets/062cb37c1fd34a959bca1f40924aafbe/geel-award.png</media:thumbnail> </item> <item> <link>https://www.ineos.com/businesses/ineos-styrolution/news/ineos-styrolutions-novodur-550-selected-by-thaco-plastics-components-for-rear-spoiler-application/</link> <title>INEOS Styrolution’s Novodur® 550 selected by THACO Plastics Components for rear spoiler application</title> <description><p> <i class="icon-earth"></i>Frankfurt/ Germany</p><p>THACO’s rear spoiler using INEOS Styrolution’s Novodur<sup>®</sup> 550<br /><em>(image courtesy of THACO Plastics Component, 2021)<br /><br /></em></p><p> <li>Novodur<sup>®</sup> 550 selected for use in the range of car models manufactured by THACO Plastics Component</li> <li>Combination of high heat resistance, good process-ability and high impact strength, making it an ideal polymer for rear spoiler application</li> </p><p><strong>INEOS Styrolution, the global leader in styrenics, </strong><strong>announced today that its Novodur 550 has been selected by THACO Plastics Component (TPC), one of the leading OEMs producing key automotive parts for global brands in Vietnam, to be used for rear spoiler application.</strong></p><p>Novodur<sup>®</sup> is INEOS Styrolution’s brand of specialty acrylonitrile butadiene styrene (ABS) copolymers. The product line contains grades with a well-balanced mix of properties, including good impact strength, dimensional stability and heat resistance. It is easy to process and gives a high aesthetic colourful surface appearance. This versatile product line is also available pre-coloured and contains products with many unique features to fit the most demanding applications across industries including automotive, household, electronics, medical and construction.<br /><br />Mr. Nguyen Hoang Huy, Managing Director, P-CARE Vietnam Group<a href="#_ftn1" name="_ftnref1"><span><span>[1]</span></span></a>, comments “As a supplier to one of most successful automotive manufacturers in Vietnam, it is imperative for us to partner with world class and innovative material suppliers like INEOS Styrolution to provide the right solutions for our customers. The high quality and consistency of INEOS Styrolution’s products enable OEMs like TPC to meet the global standards required by well-known car brands. Novodur 550 is the material of choice as it offers high heat resistance, high impact strength, good process-ability and is suitable to be coated with premium paint, offering a luxurious appearance for THACO’s cars.”<br /><br />“We are very pleased to partner with THACO Plastics Component and P-CARE Vietnam Group, providing them our best solutions,” says Ravi Ponnuswamy, Asia Pacific Specialties Sales Director. “The successful commercialization of this project shows that with the right partnership, Vietnamese automotive manufacturers are well equipped to develop and produce parts in their home country.” </p><p> </p><p><a href="#_ftnref1" name="_ftn1"><span><span><br />[1]</span></span></a> P-CARE Vietnam Group is one of the key distributors for INEOS Styrolution’s products in Vietnam.</p><p>ABOUT INEOS STYROLUTION</p><p>INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering solutions, designed to give them a competitive edge in their markets. At the same time, these innovative and sustainable best-in-class solutions help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2020, sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.</p><p><u> For futher information contact: </u><p><p> Name : Dr. Ralf Leinemann </p><p> Position : Global Manager PR &amp; Marketing Communications </p><p> Phone Number : work +49 69 5095501366 </p><p> Email : ralf.leinemann@ineos.com </p></p></p></description> <pubDate>Tue, 16 Nov 2021 03:00:00 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/news_media_articles/thaco-image.jpg?width=600</media:thumbnail> </item> <item> <link>https://www.ineos.com/businesses/ineos-styrolution/news/ineos-styrolution-donates-$10000-to-fund-stem-field-education-programs-for-youth-in-underrepresented-communities/</link> <title>INEOS Styrolution donates $10,000 to fund STEM field education programs for youth in underrepresented communities</title> <description><p> <i class="icon-earth"></i>Aurora, Ill, USA</p><p>Photo: Courtesy of Mission Fulfilled 2030</p><p> <li>Two organizations building opportunities for underfunded and underrepresented youth in STEM (science, technology, engineering, math) fields, receive grants totaling $10,000 from INEOS Styrolution</li> </p><p><strong>Nonprofit organizations, Mission Fulfilled 2030 and Project Exploration, are making impacts across communities by investing in today’s youth, to create tomorrow’s high-tech workforce in the fields of science, technology, engineering, and math.<br /><br /></strong>INEOS Styrolution contributed donations totaling $10,000 to Mission Fulfilled 2030 and Project Exploration, aiding in the funding of their STEM mentorship and education programs for youth within communities historically underrepresented in STEM fields.<strong><br /></strong></p><p>Gerald A. Moore Sr<em>. </em>executive director and engineer, Mission Fulfilled 2030, says, <em>“Black men make up less than 5% of the high-tech and STEM workforce. Black males make up less than 2% of the public school workforce; therefore, we have a visible representation gap in the workforce and the education system. This is where Mission Fulfilled 2030 can fill the gap. By creating programs that will develop untapped diverse talent from underrepresented communities and present a face in the community where our education system falls short. Partnerships with companies like INEOS Styrolution and Mission Fulfilled 2030 are important to the GDP of the country as we are in a deficit of tech/STEM talent. Together, we can create opportunities where everyone wins.”</em> Mr. Moore continues, <em>“The Mission Fulfilled 2030 team would like to thank INEOS Styrolution for their generosity and making a $5,000 investment in the success of our programs. It’s important at this time for private corporate entities to support Black male achievement organizations.”<br /><br /><br /><img src="/INTERSHOP/static/WFS/Styrolution-Portal-Site/-/Styrolution-Portal/en_US/News%20and%20media/PR%20US%20donation%20STEM_Mission_Fufilled_2030b_small.png" alt="Photos: Courtesy of Mission Fulfilled 2030" width="800" height="398" /><br />Photos: Courtesy of Mission Fulfilled 2030<br /></em></p><p> <br />Launched in 1999, Project Exploration is a Chicago-based, nonprofit science education and youth development organization, created to address inequities in access to high-quality STEM opportunities. Annually, Project Exploration serves approximately 700 Chicago Public School youth from kindergarten through 12th grade in communities historically underrepresented in STEM. They create transformative learning opportunities for youth in the sciences — particularly students of color and girls — by equipping them with the skills, practices, and mindset needed for a lifelong pursuit of learning.<br /><br /><img src="/INTERSHOP/static/WFS/Styrolution-Portal-Site/-/Styrolution-Portal/en_US/News%20and%20media/PR%20US%20donation%20STEM_Project_Exploration_small.png" alt="Photo: Courtesy of Project Exploration" width="400" height="411" /><br /><em>Photos: Courtesy of Project Exploration</em><br /><br /></p><p>Kelli Beyer-Patel, deputy director for Project Exploration says, "<em>We are tremendously grateful for this gift of $5000. This will allow Project Exploration to continue to serve our students with free hands-on, minds-on, high-quality STEM education. This is especially important as we resume in-person programs as the need is greater than ever for advocates for youth underrepresented in STEM.”<br /><br /><img src="/INTERSHOP/web/BOS/Styrolution-Site/en_US/Portal/USD/Photos: Courtesy of Project Exploration" alt="" /><img src="/INTERSHOP/static/WFS/Styrolution-Portal-Site/-/Styrolution-Portal/en_US/News%20and%20media/PR%20US%20donation%20STEM_Project_Exploration_logo_small.png" alt="Photos: Courtesy of Project Exploration" width="794" height="332" /><br /></em></p><p><em>Photos: Courtesy of<span> </span>Project Exploration</em><br /><br />Gregory Fordyce, president INEOS Styrolution America says, <em>“The investment of mentorship and education for youth is important. Providing knowledge and encouragement towards the growth and development of the next generation’s bright future is life- changing. We are happy to contribute towards the important work being done by Mission Fulfilled 2030 and Project Exploration.<br /></em></p><p><strong>Mission Fulfilled 2030:</strong> for more information about Mission Fulfilled 2030, please visit: <span><a href="https://missionfulfilled2030.org/">https://missionfulfilled2030.org/</a></span></p><p><strong>Project Exploration:</strong> for more information about Project Exploration, please visit: <span><a href="http://www.projectexploration.org">www.projectexploration.org<br /><br /></a>Follow INEOS Styrolution on Twitter <a href="https://twitter.com/Styrolution">@styrolution</a><a href="http://www.projectexploration.org"><br /></a></span></p><p>ABOUT INEOS STYROLUTION</p><p>INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering solutions, designed to give them a competitive edge in their markets. At the same time, these innovative and sustainable best-in-class solutions help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2020, sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.</p><p><u> For futher information contact: </u><p><p> Name : April Ludwikowski </p><p> Position : Marketing Communications Manager Americas </p><p> Phone Number : work +1 331 212 5757 </p><p> Email : april.ludwikowski@ineos.com </p></p></p></description> <pubDate>Fri, 12 Nov 2021 11:00:00 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/news_media_articles/pr-us-donation-stem-image_small.png</media:thumbnail> </item> <item> <link>https://www.ineos.com/news/ineos-group/ineos-announces-satisfaction-of-the-conditions-for-the-redemption-of-all-of-its-outstanding-538-senior-notes-due-2024-and-5-58-senior-notes-due-2024/</link> <title>INEOS announces satisfaction of the conditions for the redemption of all of its outstanding 5 3/8% Senior Notes due 2024 and 5 5/8% Senior Notes due 2024.</title> <description><p>NOT FOR DISTRIBUTION OR RELEASE IN OR INTO AUSTRALIA, CANADA OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW<strong><br /></strong></p> <p><strong>INEOS announces satisfaction of the Conditions for the Redemption of all of its outstanding 5<sup>3</sup>/<sub>8</sub>% senior notes due 2024 and 5 <sup>5</sup>/<sub>8</sub>% senior notes due 2024.</strong></p> <p>LUXEMBOURG &ndash; November 8, 2021</p> <p>INEOS Group Holdings S.A. (&ldquo;INEOS&rdquo;) today announces that it has raised funds sufficient, together with cash on hand, to pay the redemption price for all of its outstanding &euro;650 million outstanding 5<sup>3</sup>/<sub>8</sub>% Senior Notes due 2024 (the &ldquo;Euro Notes&rdquo;) and &nbsp;$500 million outstanding 5 <sup>5</sup>/<sub>8</sub>% Senior Notes due 2024 (the &ldquo;Dollar Notes&rdquo; and, together with the Euro Notes, the &ldquo;Notes&rdquo;) in full, and to pay all related expenses on or before the redemption date, which Notes have been conditionally called to be redeemed on November 9, 2021. As such, the Refinancing Condition (stated in each of the notices of conditional redemption issued on October 29, 2021) has been satisfied, and the redemption of the Notes will occur on November 9, 2021.</p> <p>5<sup>3</sup>/<sub>8</sub>% Senior Secured Notes due 2024<br />ISIN Numbers: XS1405769560 (Rule 144A) and XS1405769990 (Regulation S)<br />Common Code: 140576956 (Rule 144A) and 140576999 (Regulation S)</p> <p>5 <sup>5</sup>/<sub>8</sub>% Senior Secured Notes due 2024<br />ISIN Numbers: US44986UAD19 (Rule 144A) and USL5078PAH03 (Regulation S)<br />Common Code: 146 226 388 (Rule 144A) and 146 226 400 (Regulation S)<br />CUSIP: 44986U AD1. (Rule 144A) and L5078P AH0 (Regulation S)</p> <p><strong>Contact</strong></p> <p>For further information, please contact:</p> <p>Richard Longden<br />Direct tel.: +41 (0) 21 627 7063<br />Mobile: +41 (0) 799 626 123</p> <p><strong>Cautionary Statement<br /></strong>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.<br /><br />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 UK, 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 is available only to relevant persons and will be engaged in only with relevant persons.<br /><br />This announcement is not a public offering or an offer of securities to the public in the Grand Duchy of Luxembourg or in any European Economic Area member state within the meaning of the EU Prospectus Regulation (EU) 2017/1129 of the European Parliament and Council of June 14, 2017 relating to the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market and / or the Luxembourg law dated July 16, 2019 relating to prospectuses for securities, as amended from time to time.</p> <p><strong>Forward Looking Statements<br /></strong>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 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; 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.</p> <p>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.</p> <p>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.</p></description> <pubDate>Mon, 08 Nov 2021 15:41:01 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification"/> </item> <item> <link>https://www.ineos.com/businesses/ineos-styrolution/news/ineos-styrolution-awarded-platinum-rating-for-2nd-year-running/</link> <title>INEOS Styrolution awarded platinum rating for 2nd year running</title> <description><p> <i class="icon-earth"></i>Frankfurt/ Germany</p><p> <li>Position in the top 1% of companies of all assessed companies retained</li> <li>Overall sustainability score of 77 is an improvement over last year</li> <li>Special recognition given to the company’s advanced sustainability management</li> </p><p><strong>INEOS Styrolution has received a platinum rating by EcoVadis for its exemplary corporate social responsibility (CSR) performance. This is the second consecutive year that the company has been awarded the highest distinction, retaining its place in the top 1% of over 75,000 companies assessed by EcoVadis.<br /><br /></strong>EcoVadis evaluates companies across four categories: environment, labour and human rights, ethics and sustainable procurement. INEOS Styrolution’s overall score of 77 out of 100 across these four categories is an improvement over last year’s score of 75.<br /><br />This increase in score reflects the company’s increased efforts to shift to circular solutions, reduce its carbon footprint, and minimise plastic waste as well as its collaboration across the value chain. The external audit of the company’s CSR programme and reporting conducted this year also contributed to the improvement in score. INEOS Styrolution’s structured and proactive sustainability approach, tangible actions, and transparent sustainability reporting has been especially recognised by EcoVadis.<br /><br />Steve Harrington, CEO, says: “We are pleased to be awarded with a second platinum rating, which confirms that we are on the right track. EcoVadis raises the bar every year in terms of their requirements and we are delighted to be able to match this pace as we improve the sustainability of our operations and our products year-on-year. This comprehensive assessment and rating will enable our customers to benchmark and track our sustainability efforts and also provides us with direction for our future development efforts”.<br /><br />INEOS Styrolution has previously received the EcoVadis gold rating in 2018 and 2019, the highest EcoVadis ranking at the time, for its strong responsible business performance in 2017 and 2018, respectively. The company was awarded the platinum rating in 2020, a new ranking introduced by EcoVadis that year.<br /><br />EcoVadis’ sustainability assessment is based on leading international sustainability standards such as the United Nations Global Compact (UNGC), Global Reporting Initiative (GRI), ISO 26000 and CERES Principles. The EcoVadis assessment process and methodology are supervised by an international scientific committee.</p><p>ABOUT INEOS STYROLUTION</p><p>INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering solutions, designed to give them a competitive edge in their markets. At the same time, these innovative and sustainable best-in-class solutions help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2020, sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.</p><p><u> For futher information contact: </u><p><p> Name : Dr. Ralf Leinemann </p><p> Position : Global Manager PR &amp; Marketing Communications </p><p> Phone Number : work +49 69 5095501366 </p><p> Email : ralf.leinemann@ineos.com </p></p></p></description> <pubDate>Mon, 08 Nov 2021 10:00:00 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/news_media_articles/ecovadis_2021.png</media:thumbnail> </item> <item> <link>https://www.ineos.com/businesses/ineos-styrolution/news/ineos-styrolution-awarded-plantinum-rating-for-2nd-year-running/</link> <title>INEOS Styrolution awarded plantinum rating for 2nd year running</title> <description><p> <i class="icon-earth"></i>Frankfurt/ Germany</p><p> <li>Position in the top 1% of companies of all assessed companies retained</li> <li>Overall sustainability score of 77 is an improvement over last year</li> <li>Special recognition given to the company’s advanced sustainability management</li> </p><p><strong>INEOS Styrolution has received a platinum rating by EcoVadis for its exemplary corporate social responsibility (CSR) performance. This is the second consecutive year that the company has been awarded the highest distinction, retaining its place in the top 1% of over 75,000 companies assessed by EcoVadis.<br /><br /></strong>EcoVadis evaluates companies across four categories: environment, labour and human rights, ethics and sustainable procurement. INEOS Styrolution’s overall score of 77 out of 100 across these four categories is an improvement over last year’s score of 75.<br /><br />This increase in score reflects the company’s increased efforts to shift to circular solutions, reduce its carbon footprint, and minimise plastic waste as well as its collaboration across the value chain. The external audit of the company’s CSR programme and reporting conducted this year also contributed to the improvement in score. INEOS Styrolution’s structured and proactive sustainability approach, tangible actions, and transparent sustainability reporting has been especially recognised by EcoVadis.<br /><br />Steve Harrington, CEO, says: “We are pleased to be awarded with a second platinum rating, which confirms that we are on the right track. EcoVadis raises the bar every year in terms of their requirements and we are delighted to be able to match this pace as we improve the sustainability of our operations and our products year-on-year. This comprehensive assessment and rating will enable our customers to benchmark and track our sustainability efforts and also provides us with direction for our future development efforts”.<br /><br />INEOS Styrolution has previously received the EcoVadis gold rating in 2018 and 2019, the highest EcoVadis ranking at the time, for its strong responsible business performance in 2017 and 2018, respectively. The company was awarded the platinum rating in 2020, a new ranking introduced by EcoVadis that year.<br /><br />EcoVadis’ sustainability assessment is based on leading international sustainability standards such as the United Nations Global Compact (UNGC), Global Reporting Initiative (GRI), ISO 26000 and CERES Principles. The EcoVadis assessment process and methodology are supervised by an international scientific committee.</p><p>ABOUT INEOS STYROLUTION</p><p>INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering solutions, designed to give them a competitive edge in their markets. At the same time, these innovative and sustainable best-in-class solutions help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2020, sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.</p><p><u> For futher information contact: </u><p><p> Name : Dr. Ralf Leinemann </p><p> Position : Global Manager PR &amp; Marketing Communications </p><p> Phone Number : work +49 69 5095501366 </p><p> Email : ralf.leinemann@ineos.com </p></p></p></description> <pubDate>Mon, 08 Nov 2021 10:00:00 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/news_media_articles/ecovadis_2021.png</media:thumbnail> </item> <item> <link>https://www.ineos.com/businesses/ineos-aromatics/news/ineos-aromatics-and-crc-mark-key-milestone-in-long-term-partnership/</link> <title>INEOS Aromatics and CRC mark key milestone in long-term partnership</title> <description><p>INEOS Aromatics Zhuhai and China Resource Chemical (CRC) have marked a key milestone in their long-term partnership: supplies of PTA to CRC totaling 4 million tons in November 2021.</p> <p>Mr Bill Zhao, Business Director, INEOS Aromatics Asia, and Mr Zhenda Zhu, General Manager, CRC, together led a ceremony in the INEOS Zhuhai office to recognize the memorable cooperation record. During the ceremony, the leaders exchanged business strategies and deep dived on new cooperation opportunities.</p> <p>CRC started their PET resin business in 2007 with one production site in Changzhou and a capacity of 270 kilo tons per annum. Fourteen years on, another site has been added in Zhuhai and total capacity has grown eight-fold to an impressive 2.1 million tons per annum. This has led to a successful IPO on the Shenzhen Stock Exchange in October 2021, with plans to expand further both domestically and overseas.</p> <p>INEOS Aromatics supplied PTA to CRC from day 1 and has witnessed the growth of the PET business. The businesses expanded the partnership by signing a co-location agreement in 2011, leading to PTA sales totaling 4 million tons per annum in November 2021.</p> <p>PET resins are used to make food and beverage packaging &ndash; PET-based packaging is a preferred choice because it is hygienic, strong, lightweight, shatterproof and retains product freshness. Other parts of the polyester industry use PTA to make fibres, textiles and film.</p> <p>Bill Zhao says, 'The strength of any partnership is based on the parties being able to trust one another. I&rsquo;m proud that throughout a long partnership, the INEOS Aromatics team has been a reliable, high quality supplier of product CRC has needed to expand in such an extraordinary way.'</p> <p>He adds, 'At INEOS Aromatics, we are part of one of the world&rsquo;s most successful chemical companies and we are ready to use our global platform to support customers as they continue growing to meet the strong demand for essential products. We welcome customers to come to our sites, invest in co-location projects and share the success of strong partnership.'</p> <p>A global business with a turnover of $4 billion per year, INEOS Aromatics has production sites in the USA, Belgium, Indonesia, Taiwan and Mainland China. It became part of INEOS, one of the world&rsquo;s leading chemical companies, with total turnover of over $65 billion per annum, in January 2021 as part of its acquisition of the bp petrochemicals business. </p></description> <pubDate>Mon, 08 Nov 2021 09:19:04 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/contentassets/471bc58438b2435aabe5b464f1739a0b/img_9766.jpg?width=600</media:thumbnail> </item> <item> <link>https://www.ineos.com/news/ineos-group/ineos-announces-issuance-of-a-notice-for-the-conditional-redemption3/</link> <title>INEOS ANNOUNCES ISSUANCE OF A NOTICE FOR THE CONDITIONAL REDEMPTION OF €650 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS OUTSTANDING 5 3/8% SENIOR NOTES DUE 2024 AND $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS OUTSTANDING 5 5/8% SENIOR NOTES DUE 2024</title> <description><p><strong>LUXEMBOURG &ndash; October 29, 2021</strong></p> <p>INEOS Group Holdings S.A. (&ldquo;INEOS&rdquo;) today announced that it has issued a notice for the conditional redemption (subject to the satisfaction or waiver of the condition described below) of all of its &euro;650 million outstanding 5<sup>3</sup>/<sub>8</sub>% Senior Notes due 2024 (the &ldquo;Euro Notes&rdquo;) and &nbsp;$500 million outstanding 5 <sup>5</sup>/<sub>8</sub>% Senior Notes due 2024 (the &ldquo;Dollar Notes&rdquo; and, together with the Euro Notes, the &ldquo;Notes&rdquo;) issued pursuant to an indenture dated as of April 9, 2016, as amended from time to time. Under the notice, the redemption of the Notes is conditional upon the completion of one or more financing transactions by INEOS and its subsidiaries resulting in net proceeds available to INEOS in a sufficient quantity to (i) pay the redemption price for the Notes, in full and (ii) pay all related expenses on or before the redemption date. There can be no assurance that any financing transaction or the redemption &nbsp;of the Notes will be completed.</p> <p>5<sup>3</sup>/<sub>8</sub>% Senior Secured Notes due 2024<br />ISIN Numbers: XS1405769560 (Rule 144A) and XS1405769990 (Regulation S)<br />Common Code: 140576956 (Rule 144A) and 140576999 (Regulation S)</p> <p>5 <sup>5</sup>/<sub>8</sub>% Senior Secured Notes due 2024<br />ISIN Numbers: US44986UAD19 (Rule 144A) and USL5078PAH03 (Regulation S)<br />Common Code: 146 226 388 (Rule 144A) and 146 226 400 (Regulation S)<br />CUSIP: 44986U AD1. (Rule 144A) and L5078P AH0 (Regulation S)</p> <p><strong>Contact</strong></p> <p>For further information, please contact:&nbsp;Richard Longden&nbsp;Direct tel.: +41 (0) 21 627 7063&nbsp;Mobile: +41 (0) 799 626 123</p> <p><strong>Cautionary Statement</strong></p> <p>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.</p> <p>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 UK, 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 is available only to relevant persons and will be engaged in only with relevant persons.</p> <p>This announcement is not a public offering or an offer of securities to the public in the Grand Duchy of Luxembourg or in any European Economic Area member state within the meaning of the EU Prospectus Regulation (EU) 2017/1129 of the European Parliament and Council of June 14, 2017 relating to the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market and / or the Luxembourg law dated July 16, 2019 relating to prospectuses for securities, as amended from time to time.</p> <p><strong>Forward Looking Statements</strong></p> <p>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 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; 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.</p> <p>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.</p> <p>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.</p></description> <pubDate>Fri, 29 Oct 2021 10:11:01 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification"/> </item> <item> <link>https://www.ineos.com/news/ineos-group/notice-of-conditional-redemption-dollar/</link> <title>Notice of conditional redemption</title> <description><p style="text-align: center;"><strong>INEOS Group Holdings S.A.</strong></p> <p style="text-align: center;"><strong>$500,000,000 5 5/8% Senior Notes due 2024</strong></p> <p style="text-align: center;"><strong>CUSIP Numbers: 44986U AD1 (Rule 144A) and L5078P AH0 (Regulation S)</strong></p> <p style="text-align: center;"><strong>ISIN Numbers: US44986UAD19 (Rule 144A) and USL5078PAH03 (Regulation S)</strong></p> <p style="text-align: center;"><strong>Common Codes: 146226388 (Rule 144A) and 146226400 (Regulation S)</strong></p> <p>NOTICE IS HEREBY GIVEN that in accordance with Sections 3.04, 13.02(b) and 13.02(d) of the indenture dated as of August 9, 2016 (as heretofore amended, restated, supplemented or otherwise modified from time to time, the &ldquo;Indenture&rdquo;) among INEOS Group Holdings S.A., a limited liability company (soci&eacute;t&eacute; anonyme) incorporated under the laws of Luxembourg (the &ldquo;Company&rdquo;), as issuer, the guarantors named therein, The Bank of New York Mellon, London Branch, as trustee (the &ldquo;Trustee&rdquo;), collateral agent and principal paying agent (the &ldquo;Paying Agent&rdquo;) and The Bank of New York Mellon SA/NV, Luxembourg Branch (f/k/a The Bank of New York Mellon (Luxembourg) S.A.), as Luxembourg paying agent, registrar and transfer agent, the Company has elected to redeem (subject to satisfaction or waiver of the condition described below) (the &ldquo;Redemption&rdquo;) all of its outstanding $500,000,000 5 5/8% Senior Notes Senior Notes due 2024 issued in accordance with the Indenture (the &ldquo;Notes&rdquo;) on the Redemption Date (as defined below). 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.</p> <ol> <li>The redemption date for the Notes shall be, subject to the satisfaction or waiver of the Refinancing Condition (as defined below), November 9, 2021, provided that if the Refinancing Condition shall not have been satisfied or waived by November 8, 2021, 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 December 28, 2021.<br /><br /></li> <li>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:<br /><br />.&nbsp; 100.000% of the principal amount of the Notes to be redeemed, plus<br /><br />.&nbsp; Additional Amounts, if any, and accrued and unpaid interest from August 1, 2021 to, but not including, the Redemption Date.<br /><br /></li> <li>The record date will be the Business Day immediately preceding the Redemption Date (the &ldquo;Record Date&rdquo;).<br /><br /></li> <li>The Notes in definitive form must be surrendered to The Bank of New York Mellon, London Branch, as Paying Agent, to collect the Redemption Price. 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: <br /><br /><span style="text-decoration: underline;">By Mail:</span> The Bank of New York Mellon, London Branch, One Canada Square, London E14 5AL. United Kingdom.<br /><br /><span style="text-decoration: underline;">By Hand Only:</span> The Bank of New York Mellon, London Branch, One Canada Square, London E14 5AL. United Kingdom.<br /><br /><span style="text-decoration: underline;">By Express Delivery Only:</span> The Bank of New York Mellon, London Branch, One Canada Square, London E14 5AL. United Kingdom.<br /><br /></li> <li>On the Redemption Date, assuming satisfaction or waiver of the Refinancing Condition, the Redemption Price will become due and payable upon each 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 Notes.&nbsp; <br /><br /></li> <li>The redemption of the Notes is being effected pursuant to paragraph 4 (Optional Redemption) of the Notes and in accordance with Article III of the Indenture. <br /><br /></li> <li>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 its subsidiaries for the purpose of redeeming the Notes that are reasonably satisfactory to the Company in its discretion and result in aggregate net proceeds to the Company in a sufficient quantity to pay the Redemption Price for the Notes in full, to pay the redemption price for the $500,000,000 55/8% Senior Notes due 2024 issued under the Indenture and to pay all related expenses on or prior to the Redemption Date (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.<br /><br />NOTICE: The Paying Agent will withhold under the U.S. backup withholding rules 24% of any payment that is made upon redemption of a Note unless the Holder, when presenting the Notes, delivers a properly completed IRS Form W-9 or the Holder otherwise establishes an exemption from such backup withholding.</li> </ol> <p>INEOS Group Holdings S.A.<br /><br />Date:&nbsp; October 29, 2021</p> <p>*These CUSIP, ISIN and Common Code numbers are included solely for the convenience of the holders.&nbsp; Neither the Trustee, the Company nor the Paying Agent shall be responsible for the selection or use of any CUSIP, 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.<br />&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p></description> <pubDate>Fri, 29 Oct 2021 10:03:08 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification"/> </item> <item> <link>https://www.ineos.com/news/ineos-group/notice-of-conditional-redemption-euro/</link> <title>Notice of conditional redemption</title> <description><p style="text-align: center;"><strong>NOTICE OF CONDITIONAL REDEMPTION</strong></p> <p style="text-align: center;"><strong>INEOS Group Holdings S.A.</strong><br /><br /><strong>&euro;650,000,000&nbsp; 5&nbsp; 3/8% Senior Notes due 2024</strong></p> <p style="text-align: center;"><strong>ISIN Numbers: XS1405769560 (Rule 144A) and XS1405769990 (Regulation S)</strong></p> <p style="text-align: center;"><strong>Common Codes: 140576956 (Rule 144A) and 140576999 (Regulation S)</strong></p> <p>NOTICE IS HEREBY GIVEN that in accordance with Sections 3.04, 13.02(b) and 13.02(d) of the indenture dated as of August 9, 2016 (as heretofore amended, restated, supplemented or otherwise modified from time to time, the &ldquo;Indenture&rdquo;) among INEOS Group Holdings S.A., a limited liability company (soci&eacute;t&eacute; anonyme) incorporated under the laws of Luxembourg (the &ldquo;Company&rdquo;), as issuer, the guarantors named therein, The Bank of New York Mellon, London Branch, as trustee (the &ldquo;Trustee&rdquo;), collateral agent and principal paying agent (the &ldquo;Paying Agent&rdquo;) and The Bank of New York Mellon SA/NV, Luxembourg Branch (f/k/a The Bank of New York Mellon (Luxembourg) S.A.), as Luxembourg paying agent, registrar and transfer agent, 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;650,000,000&nbsp; 5 3/8% Senior Notes due 2024 issued in accordance with the Indenture (the &ldquo;Notes&rdquo;) on the Redemption Date (as defined below). 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.</p> <ol> <li>The redemption date for the Notes shall be, subject to the satisfaction or waiver of the Refinancing Condition (as defined below), November 9, 2021, provided that if the Refinancing Condition shall not have been satisfied or waived by November 8, 2021, 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 December 28, 2021.<br /><br /></li> <li>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:<br /><br />100.000% of the principal amount of the Notes to be redeemed, plus<br /><br />Additional Amounts, if any, and accrued and unpaid interest from August 1, 2021 to, but not including, the Redemption Date.<br /><br /></li> <li>The record date will be the Business Day immediately preceding the Redemption Date (the &ldquo;Record Date&rdquo;).<br /><br /></li> <li>The Notes in definitive form must be surrendered to The Bank of New York Mellon, London Branch, as Paying Agent, to collect the Redemption Price. 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 <br /><br />By Mail: The Bank of New York Mellon, London Branch, One Canada Square<br />London E14 5AL,United Kingdom.<br /><br />By Hand Only:The Bank of New York Mellon, London Branch, One Canada Square London E14 5AL,United Kingdom. <br /><br />By Express Delivery Only: The Bank of New York Mellon, London Branch, One Canada Square, London E14 5AL,United Kingdom.<br /><br /></li> <li>On the Redemption Date, assuming satisfaction or waiver of the Refinancing Condition, the Redemption Price will become due and payable upon each 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 Notes.&nbsp;<br /><br /></li> <li>The redemption of the Notes is being effected pursuant to paragraph 4 (Optional Redemption) of the Notes and in accordance with Article III of the Indenture.<br /><br /></li> <li>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 its subsidiaries for the purpose of redeeming the Notes that are reasonably satisfactory to the Company in its discretion and result in aggregate net proceeds to the Company in a sufficient quantity to pay the Redemption Price for the Notes in full, to pay the redemption price for the &euro;650,000,000 53/8% Senior Notes due 2024 issued under the Indenture and to pay all related expenses on or prior to the Redemption Date (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.<br /><br />NOTICE: The Paying Agent will withhold under the U.S. backup withholding rules 24% of any payment that is made upon redemption of a Note unless the Holder, when presenting the Notes, delivers a properly completed IRS Form W-9 or the Holder otherwise establishes an exemption from such backup withholding.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</li> </ol> <p>INEOS Group Holdings S.A.<br />Date:&nbsp; October 29, 2021</p> <p>*These ISIN and Common Code numbers are included solely for the convenience of the holders.&nbsp; Neither the Trustee, the Company nor the 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.<br />&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p></description> <pubDate>Fri, 29 Oct 2021 10:00:16 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification"/> </item> <item> <link>https://www.ineos.com/news/ineos-group/ineos-announces-borrowing-of-additional-term-loans2/</link> <title>INEOS announces borrowing of additional term loans</title> <description><p>NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO 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.<strong><br /><br /></strong><strong>INEOS ANNOUNCES BORROWING OF ADDITIONAL TERM LOANS</strong></p> <p><strong>LYNDHURST &ndash; October 29, 2021</strong></p> <p>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 of approximately &euro;1,080,000,000 (equivalent) (the &ldquo;TLB Financing&rdquo;). &nbsp;The net proceeds of the TLB Financing, together with cash on hand, will be used to (i) redeem all of the outstanding 5<sup>3</sup>/<sub>8</sub>% Senior Notes due 2024 and 5 <sup>5</sup>/<sub>8</sub>% Senior Notes due 2024 issued by INEOS Group Holdings S.A. pursuant to an indenture dated April 9, 2016, as amended from time to time or other indebtedness, (ii) pay transaction fees and expenses and (iii) to the extent of any remaining net proceeds, for general corporate purposes.</p> <p>There can be no assurance that the TLB Financing will be completed.</p> <p><strong>Contact</strong></p> <p>For further information, please contact:</p> <p>Richard Longden<br />Direct tel.: +41 (0) 21 627 7063<br />Mobile: +41 (0) 799 626 123</p> <p><strong>Cautionary Statement</strong></p> <p>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 TLB Financing will be registered under the Securities Act.</p> <p>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 UK, 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 is available only to relevant persons and will be engaged in only with relevant persons.</p> <p>This announcement is not a public offering or an offer of securities to the public in the Grand Duchy of Luxembourg or in any European Economic Area member state within the meaning of the EU Prospectus Regulation (EU) 2017/1129 of the European Parliament and Council of June 14, 2017 relating to the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market and / or the Luxembourg law dated July 16, 2019 relating to prospectuses for securities, as amended from time to time.</p> <p><strong>Forward Looking Statements</strong></p> <p>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 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; 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.</p> <p>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.</p> <p>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.</p></description> <pubDate>Fri, 29 Oct 2021 09:50:56 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification"/> </item> <item> <link>https://www.ineos.com/news/ineos-group/inovyn-at-runcorn-to-ramp-up-hydrogen-supply-to-fuel-trucks-buses-and-power-generator-sectors/</link> <title>INOVYN at Runcorn to ramp up hydrogen supply to fuel trucks buses and power generator sectors</title> <description><ul> <li>INOVYN, a subsidiary of INEOS, is to upgrade existing low-carbon hydrogen supply to fuel transport in the UK and drive the country&rsquo;s green transition to net-zero by 2050.</li> <li>This is part of more than &euro;2bn investment in Green Hydrogen announced by INEOS earlier this week. &nbsp;</li> <li>Existing hydrogen production at INOVYN&rsquo;s Runcorn site has the capacity to power over 1,000 buses or 2,000 trucks with low-carbon fuel.</li> <li>Geir Tuft, CEO INOVYN said: <strong>&ldquo;Hydrogen-powered transport will play a critical role in the UK&rsquo;s journey to net-zero. As the UK&rsquo;s leading producer of low-carbon hydrogen, we&rsquo;re perfectly positioned to drive down emissions reductions in the transport and industrial sector.&rdquo;</strong></li> </ul> <hr /> <p>INOVYN a subsidiary of INEOS has today announced investment plans to upgrade existing production at Runcorn so that it can supply compressed fuel-cell quality hydrogen to mobility and power generation sectors.&nbsp; This is part of more than &euro;2bn investment in Green Hydrogen announced by INEOS earlier this week.</p> <p>INOVYN, which has been producing and using low-carbon hydrogen at its Runcorn site for over 100 years, is set to ramp up supply of hydrogen to fuel the UKs transport network.</p> <p>Specifically, the investment will deliver dedicated on-site facilities for the purification and compression of existing low carbon, fuel cell quality hydrogen for subsequent loading and transportation and distribution to fuelling stations across the UK.</p> <p>Low-carbon hydrogen from Runcorn will help to decarbonise the UK and accelerate the drive to net-zero, confirming INOVYN&rsquo;s position as the leading producer of low-carbon hydrogen in the UK.</p> <p>Hydrogen production at Runcorn has the potential to provide low-carbon fuel to power over 1,000 buses or 2,000 trucks, where battery electric drive systems are not appropriate due to range, payload and critical refuelling times.</p> <p>INOVYN is already Europe&rsquo;s largest operator of electrolysis technology, which is used to make clean hydrogen.&nbsp; The investment at the site will kick-start the emerging hydrogen market and further support the North West&rsquo;s regional commitment to carbon neutrality.</p> <p>Geir Tuft, CEO INOVYN said: <strong>&ldquo;Our expanding portfolio of clean hydrogen projects strengthens INOVYN&rsquo;s sustainability strategy and supports the drive to net-zero across the UK and the rest of Europe.&nbsp; INOVYN is in a unique position to reaffirm its expertise in hydrogen production and electrolysis, and to progress the green energy transition through the use of clean hydrogen.&rdquo;</strong></p> <p>The project builds on INOVYN&rsquo;s hydrogen portfolio within the UK, including our involvement with consortiums such as HyNet North West, a clean hydrogen development project underpinned by INOVYN&rsquo;s storage technology infrastructure to unlock a low-carbon energy for the North West of England and North Wales.</p> <p>INOVYN and its parent company INEOS are involved in multiple projects across Europe to develop green hydrogen and to replace existing carbon-based sources of energy, feedstocks and fuel. The group will work closely with National and European Governments to facilitate hydrogen&rsquo;s significant role in the new Green Economy.</p> <p><strong>ENDS</strong><strong>&nbsp;</strong></p> <p><strong>Notes to Editors</strong><strong>&nbsp;</strong></p> <p><u>Note to editors</u></p> <ul> <li>Runcorn produces 7,000 tonnes of hydrogen each year which is sufficient to fuel 1000 buses or 2000 trucks, used daily for that year.</li> <li>1,000 buses is roughly the entire fleet of Liverpool City Region.</li> <li>INEOS as a whole produces around <strong>400,000</strong>tonnes a year of hydrogen which would replace the equivalent to around 2 billion Litres of diesel.</li> <li>If applied to cars 400,000 tonnes of hydrogen would fuel around <strong>1 million &ndash; 2 million</strong> <strong>cars</strong> every year.<strong>&nbsp;</strong></li> </ul> <p><strong>Strategic gas storage<br /></strong></p> <ul> <li>Hydrogen gas storage project, for the HyNet Project by INOVYN&nbsp;consists of&nbsp;<strong>19 proposed salt caverns</strong>that will be prepared specifically new build for&nbsp;hydrogen storage.&nbsp;Each cavern is approximately&nbsp;<strong>350,000m3</strong>&nbsp;in volume (roughly twice the size of Royal Albert Hall)&nbsp;Each cavern can store approximately&nbsp;<strong>3000 tes</strong>&nbsp;of hydrogen.&nbsp;The total energy stored by the project will be&nbsp;<strong>3TWh</strong>&nbsp;(1300GWh).&nbsp;</li> <li>Putting that into perspective, the largest Lithium Ion Battery Grid Scale storage project in the world is reported to be 1200MWh.&nbsp;&nbsp; 1000x smaller!!!&nbsp;&nbsp;&nbsp;</li> <li>So the INOVYN&nbsp;<strong>Hydrogen Storage will be 1000 times the size of the largest grid scale battery storage project (under construction) in the world. </strong>The second largest, now actually operating, Hornsdale Power Reserve is about 200MWh.&nbsp; 6000x smaller.</li> <li><strong>3TWh</strong>(HyKeuper) &nbsp;is approximately equal to&nbsp;<strong>100million Tesla &reg; Powerwalls</strong>&nbsp; (home battery storage units)&nbsp;Or enough energy to make about&nbsp;<strong>50 billion cups of tea</strong> (50,000million)</li> </ul> <p><strong>About INOVYN</strong></p> <p>INOVYN is an INEOS business. It is Europe's leading producer of vinyls and in the top three worldwide.&nbsp; With an annual turnover of &euro;3.1 billion, INOVYN has circa 4,200 employees and chemical manufacturing, sales and marketing operations in 8 countries across Europe.</p> <p>INOVYN&rsquo;s portfolio consists of an extensive range of class-leading products arranged across General Purpose Vinyls; Specialty Vinyls; Organic Chlorine Derivatives; Chlor Alkali; Hydrogen and Vinyls Technologies.&nbsp; INOVYN's annual commercial production volume is circa 10 million tonnes.</p> <p>See&nbsp;<a href="https://www.inovyn.com/">www.inovyn.com</a>&nbsp;for more details.</p> <p><strong>About INEOS</strong></p> <p>INEOS is the world&rsquo;s third largest chemicals company, employing around 26,000 people across 191 sites in 29 countries. It is a privately-owned company with sales of $61bn.</p> <p>See&nbsp;<a href="http://www.ineos.com/link/4306fb7900434708bb852daf43716919.aspx">www.ineos.com</a>&nbsp;for more details.</p></description> <pubDate>Wed, 20 Oct 2021 14:26:44 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/ineos-group/news/ineos-high-res-101.jpg?width=600</media:thumbnail> </item> <item> <link>https://www.ineos.com/businesses/ineos-styrolution/news/ineos-styrolution-named-finalist-in-chemical-week-sustainability-awards-2021/</link> <title>INEOS Styrolution named finalist in Chemical Week Sustainability Awards 2021</title> <description><p> <i class="icon-earth"></i>Frankfurt/ Germany</p><p> <li>Company’s commitment and actions to shift to renewable feedstock recognised by Chemical Week</li> </p><p><strong>INEOS Styrolution, the global leader in styrenics, today announced that it has been chosen by Chemical Week as a finalist in the magazine’s sustainability awards 2021 in the category “best sustainable feedstock initiative”. </strong></p><p>The INEOS business was nominated as a finalist for its bio-attribution approach to use renewable feedstock in its petrochemical installations, developed together with the INEOS Group and Scandinavian bio-refineries.</p><p>Using this approach, the company has taken steps to substitute fossil with renewable feedstock to produce Styrolux® ECO and Styroflex® ECO, the world’s first specialty grades made from kitchen waste and wood waste. Therefore, this feedstock does not compete with food nor with land use. This method reduces CO<sub>2</sub> emissions and maintains technical, quality and regulatory properties of the products, without need to alter specification or production processes.</p><p>The feedstock sources, supply chain and production processes have been certified by the Roundtable for Sustainable Biomaterials (RSB) and the International Sustainability & Carbon Certification (ISCC), to comply with the highest sustainability certification criteria.</p><p>This is the second consecutive year in which INEOS Styrolution has been shortlisted as a finalist in the Chemical Week Sustainability Awards. In 2020, the company was named a finalist in the category “Best Sustainability Initiative”.</p><p>Mark Beitz, Head of Sustainability, R&D & Regulatory at INEOS Styrolution says: “It is an immense honour to be recognised for our efforts to reduce our use of fossil fuel feedstock as well as reduce our greenhouse gas emissions. Our aim is to expand this attribution approach to other sites to further integrate renewable and recycled raw materials into our products.”</p><p>The Sustainability Awards’ winners will be announced on 18 November 2021 at Chemical Week’s Financial Outlook & Sustainability Forum.</p><p>ABOUT INEOS STYROLUTION</p><p>INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering solutions, designed to give them a competitive edge in their markets. At the same time, these innovative and sustainable best-in-class solutions help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2020, sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.</p><p><u> For futher information contact: </u><p><p> Name : Dr. Ralf Leinemann </p><p> Position : Global Manager PR &amp; Marketing Communications </p><p> Phone Number : work +49 69 5095501366 </p><p> Email : ralf.leinemann@ineos.com </p></p></p></description> <pubDate>Tue, 19 Oct 2021 10:00:00 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/news_media_articles/cw-sa-2021-image.jpg?width=600</media:thumbnail> </item> <item> <link>https://www.ineos.com/news/ineos-group/ineos-green-hydrogen-project-accelerates-towards-net-zero-future-in-germany-by-2045/</link> <title>INEOS green hydrogen project accelerates towards net-zero future in Germany by 2045</title> <description><ul> <li>INEOS through its subsidiary INOVYN have announced plans to build a large-scale, 100MW electrolyser to produce green hydrogen at the Koln site in Germany.</li> <li>The project forms part of more than &euro;2bn investment in Green Hydrogen announced by INEOS earlier this week.</li> <li>Hydrogen from the new unit would be used in the production of green ammonia.</li> <li>The complete project will result in a reduction of carbon emissions at Koln by more than 120,000 tonnes per year.</li> <li>This strengthens INEOS ambitions to achieve net-zero targets set out by the UN and National Governments around the world.</li> </ul> <hr /> <p>As a first step of the project, INEOS will produce green hydrogen to feed into INEOS green ammonia production &ndash; the new application in the future of green fuel production.&nbsp; As the second largest global chemical product, transitioning towards green ammonia production could lead to reducing almost 1% of global greenhouse gases per year.&nbsp; This development, by INEOS Nitriles , initiates the transition towards achieving a low-carbon future within the chemical industry.</p> <p>The project will also look to develop E-Fuels through Power-to-Methanol applications at INEOS K&ouml;ln site at an industrial scale. Through this process, the development will further decarbonise chemical value chains through the use of carbon capture, in combination with green hydrogen, in order to produce sustainable methanol and its derivatives.</p> <p>In addition, hydrogen will be made available for further INEOS processes at the site, to chemical park operator Currenta &ndash; who will also provide important infrastructure to the project - and to other users in the region, to support the local sustainability agenda.</p> <p>The green hydrogen project aims to reduce direct and indirect carbon emissions by over 120,000 tonnes per year, taking sustainability to the next level by progressing towards a complete use of resources.</p> <p>Hans Casier, CEO INEOS Phenol &amp; INEOS Nitriles said: <strong>&ldquo;This development builds on INEOS leading role in decarbonisation of industry with green ammonia, and methanol production from green hydrogen.&nbsp; The transition is driven by the growing demand for low-carbon and affordable energy sources.&rdquo;</strong></p> <p>Stephan M&uuml;ller, Energy Commercial Manager INEOS Olefins &amp; Polymers North said: <strong>&ldquo;The green Hydrogen project is an important milestone in achieving a significant carbon footprint reduction at the Koln site and in driving forward our ambitious sustainability agenda towards net-zero.&rdquo;</strong></p> <p>Wouter Bleukx, INOVYN Hydrogen Business Manager said: <strong>&ldquo;This project builds on our growing Hydrogen portfolio, aiming to accelerate the decarbonisation of energy, and supports our ambition to become a leading Hydrogen company.&rdquo;</strong></p> <p>The project has successfully passed the first selection phase of the IPCEI (Important Projects of Common European Interest) process.</p> <p>This development adds to the growing list of projects INEOS is involved in to support the demand for green hydrogen to replace existing carbon-based sources of energy, feedstocks and fuel. To realise this investment, government support and a suitable regulatory framework is needed.</p> <p>ENDS</p> <p><strong><u>For editors:</u></strong></p> <p><strong>About INEOS</strong></p> <p>INEOS is the world&rsquo;s third largest chemicals company, employing around 26,000 people across 191 sites in 28 countries. It is a privately-owned company with sales of $61bn. <a href="http://www.ineos.com/link/4306fb7900434708bb852daf43716919.aspx">www.ineos.com</a></p> <p>Within INEOS Group, INOVYN leads low-carbon hydrogen development and is involved in multiple projects to replace existing carbon-based sources of energy, feedstocks and fuel in the future.&nbsp; <a href="http://www.inovyn.com">www.inovyn.com</a></p></description> <pubDate>Tue, 19 Oct 2021 07:57:17 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/ineos-group/news/_ocb3104-1.jpg?width=600</media:thumbnail> </item> <item> <link>https://www.ineos.com/news/ineos-group/ineos-to-take-leading-role-in-the-hydrogen-revolution-with-launch-of-hydrogen-campaign/</link> <title>INEOS to take leading role in the hydrogen revolution with launch of hydrogen campaign</title> <description><ul> <li>INEOS, Europe&rsquo;s biggest operator of electrolysis needed to produce clean, low carbon hydrogen, has doubled down on its &euro;2 billion investment in green hydrogen with the launch of a hydrogen advocacy campaign.</li> <li>The campaign kicked off with the publication of a powerful editorial in the Sunday Telegraph on the hydrogen economy written by Sir Jim Ratcliffe, INEOS&rsquo;s founder and chairman.</li> <li>Today sees this followed by a national multi-media campaign that includes substantial billboard and digital advertising as well as a hydrogen bus exhibition tour and presence in Glasgow at COP26.</li> <li>Sir Jim says:<strong> &ldquo;We believe that hydrogen is the fuel of the future and INEOS is determined to take a leading role in its development. When used in a fuel cell, hydrogen only produces water and is the UK&rsquo;s best chance of reaching its carbon reduction targets&rdquo;.</strong></li> <li>INEOS Automotive is also exploring new opportunities in the hydrogen economy, with a hydrogen fuel cell demonstrator of its Grenadier 4x4 now in development.</li> </ul> <hr /> <p>Hydrogen is a fabulous, clean source of energy that can be used as both a raw material for industry and as a power source for transport and the home. It has a massive role to play in lowering the UK&rsquo;s greenhouse gas emissions and INEOS is committed to playing a leading role in the hydrogen revolution.</p> <p>INEOS is Europe&rsquo;s largest existing operator of electrolysis, the critical technology which uses renewable energy to produce hydrogen for power generation, transportation and industrial use.</p> <p>INEOS already produces and uses 400,000 tonnes of low carbon hydrogen every year, the equivalent of replacing up to 2 billion litres of diesel. It knows how to make, transport, store and use it.</p> <p>Being a user and producer of hydrogen puts INEOS in a unique position at the heart of green hydrogen development. And the company has announced that it intends to invest &euro;2 billion in new production of green hydrogen across Europe.</p> <p>It is also launching a major hydrogen advocacy campaign to draw attention to both the benefits and applications of hydrogen. The campaign will include significant billboard and digital advertising in London and Glasgow, a UK hydrogen bus tour and the exhibiting of a hydrogen powered car at COP 26.</p> <p>Sir Jim says, &ldquo;<strong>Electric cars are ideal for city centres and short journeys. But hydrogen is much better for longer journeys and heavier loads and that requires immediate investment in hydrogen distribution and hydrogen filling stations.&rdquo;</strong></p> <p>The company&rsquo;s INEOS Automotive division is also backing hydrogen fuel cells as the clean powertrain solution for future versions of its upcoming 4X4 vehicle. A Grenadier hydrogen fuel cell concept will begin testing by the end of 2022, to assess how best to optimise and integrate the technology.</p> <p>In the longer term, hydrogen&rsquo;s other massive contribution to the reduction of greenhouse gases will be in the home heating space where natural gas can be replaced by hydrogen which could cut greenhouses gases by up to a third on its own.</p> <p>Wherever possible, INEOS will continue to prioritise the production of green hydrogen which is made from water using electrolysis powered by renewable energy, but it is also investing in the production of blue hydrogen when the carbon produced can be safely captured and stored underground.</p> <p>Sir Jim, though, adds a warning for the UK government. &ldquo;<strong>The issue is that </strong><strong>industry can only do so much, and the UK government must start to invest in the development of our hydrogen infrastructure to allow the gas to be much more widely used. At the moment, we are massively lagging behind Europe and the gap is starting to grow&rdquo;.</strong></p> <p><strong>ENDS</strong><strong>&nbsp;</strong></p> <p><strong>HYDROGEN ADVOCACY BILLBOARD STILLS ETC AVAILABLE</strong></p> <p><u>Media contacts</u></p> <p><u>Media contacts &ndash; INEOS Automotive </u></p> <p>Mike Stainton (<a href="mailto:mike.stainton@pfpr.com">mike.stainton@pfpr.com</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 07739 891040<br />Sarah Pelling (<a href="mailto:sarah.pelling@ineos.com">sarah.pelling@ineos.com</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 07887 451773</p> <p><u>Media contacts &ndash; INEOS Group</u></p> <p>Richard Longden (<a href="mailto:Richard.longden@ineos.com">Richard.longden@ineos.com</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0041 21 627 7063 or 0041 7996 26123<br />Mark Killick (<a href="mailto:mark@mediazoo.tv">mark@mediazoo.tv</a>) &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 07836 634449<br />Andrew McLachlan (<a href="mailto:andrew@mediazoo.tv">andrew@mediazoo.tv</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 07931 377162<br />Alex Williams (<a href="mailto:alex.williams@mediazoo.tv">alex.williams@mediazoo.tv</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 07793 207325</p></description> <pubDate>Mon, 18 Oct 2021 18:14:00 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/ineos-group/news/ineos-high-res-101.jpg?width=600</media:thumbnail> </item> <item> <link>https://www.ineos.com/news/ineos-group/ineos-announces-over-2-billion-investment-in-green-hydrogen-production/</link> <title>INEOS announces over €2 billion investment in Green Hydrogen Production</title> <description><ul> <li>This will be Europe&rsquo;s largest ever investment in electrolysis projects to make green hydrogen with the potential to transform zero carbon hydrogen production across Europe.</li> <li>INEOS, through its INOVYN business is already Europe&rsquo;s largest existing operator of electrolysis, the critical technology necessary to produce green hydrogen for power generation, transportation, and industrial use</li> <li>The first plants will be built in Norway, Germany and Belgium in the next 10 years with investment also planned in the UK and France.</li> <li>Jim Ratcliffe, INEOS Chairman says, <strong>&ldquo;Green hydrogen represents one of our best chances to create a more sustainable and low carbon world.&nbsp; &nbsp;Europe is crying out for more investment in green hydrogen and INEOS&rsquo; announcement today shows our determination to play a leading role in this important new fuel.</strong></li> </ul> <hr /> <p>INEOS has today announced that it is to invest more than &euro;2 billion into electrolysis projects to make zero carbon, green hydrogen across Europe. Its first plants will be built in Norway, Germany, Belgium with investment also planned in the UK and France. &nbsp;&nbsp;</p> <p>INEOS, through its subsidiary INOVYN, is already Europe&rsquo;s largest existing operator of electrolysis, the critical technology necessary to produce green hydrogen for power generation, transportation, and industrial use.</p> <p>The business also has extensive experience in the storage and handling of hydrogen which puts it in a unique position to drive progress towards a carbon-free future based on hydrogen.</p> <p>Geir Tuft CEO INOVYN said, <strong>&ldquo;INEOS is uniquely placed to play a leading role in developing these new opportunities, driven by emerging demand for affordable, low-carbon energy sources, combined with our existing capabilities in operating large-scale electrolysis.&rdquo;</strong></p> <p>The first unit to be built will be a 20MW electrolyser to produce clean hydrogen through the electrolysis of water, powered by zero-carbon electricity in Norway.&nbsp; This project will lead to a minimum reduction of an estimated 22,000 tonnes of CO2 per year by reducing the carbon footprint of INEOS&rsquo; operations at Rafnes and serving as a hub to provide hydrogen to the Norwegian transport sector.</p> <p>In Germany INEOS plans to build a larger scale 100MW electrolyser to produce green hydrogen at its Koln site. The development will further support decarbonisation of INEOS operations at the site. Hydrogen from the unit will be used in the production of green ammonia.</p> <p>The Koln project will result in a reduction of carbon emissions of over 120,000 tonnes per year. It will also open opportunities to develop E-Fuels through Power-to-Methanol applications on an industrial scale.&nbsp;</p> <p>INEOS is developing other projects in Belgium, France and the UK and the business expects to announce further partnerships with leading organisations involved in the development of new hydrogen applications.&nbsp;</p> <p>In November 2020 INEOS launched a new business as part of INOVYN to develop and build Green Hydrogen capacity across Europe, in support of the drive towards a zero-carbon future.&nbsp;&nbsp;</p> <p>The INEOS hydrogen business will have its headquarters in the UK and aims to build capacity to produce hydrogen across the INEOS network of sites in Europe, in addition to partner sites where hydrogen can accelerate decarbonisation of energy.</p> <p>INEOS also intends to work closely with European Governments to ensure the necessary infrastructure is put in place to facilitate hydrogen&rsquo;s major role in the new Green Economy.&nbsp;</p> <p>Wouter Bleukx, INOVYN Hydrogen Business Manager said: <strong>&ldquo;Hydrogen is an important part of a climate neutral economy that has been discussed for decades. As hydrogen becomes available for zero carbon transportation as well as many applications in the home and in industry INEOS is uniquely placed to support new opportunities, driven by emerging demand for affordable zero-carbon energy sources.&rdquo;</strong></p> <p>ENDS.</p> <p>Media Contacts:</p> <p>Richard Longden (INEOS)&nbsp; &nbsp;&nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 0041 21 627 7063 or 0041 7996 26123<br />Mark Killick (Media Zoo)&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 020 7052 4838 or 07836 634449<br />Andrew McLachlan (Media Zoo)&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 020 7384 6980 or 07931 377162<br />Alex Williams (Media Zoo)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 020 7384 6980 or 07793 207325</p></description> <pubDate>Mon, 18 Oct 2021 10:07:11 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/inovyn-rafnes-site-images-3.jpg?width=600</media:thumbnail> </item> <item> <link>https://www.ineos.com/sites/belgium/news-index/investment-in-green-hydrogen-production/</link> <title>INEOS announces €2 billion investment in green hydrogen production with production facility in Belgium and elsewhere</title> <description><p>Jim Ratcliffe, INEOS Chairman says, &ldquo;Green hydrogen represents one of our best chances to create a more sustainable and low carbon world. Europe is crying out for more investment in greenhydrogen and INEOS&rsquo; announcement today shows our determination to play a leading role in this important new fuel.</p> <p><a href="https://ineos-belgium.prezly.com/ineos-announces-over-2-billion-investment-in-green-hydrogen-production" target="_blank" rel="noopener">Read the full press release.</a></p></description> <pubDate>Mon, 18 Oct 2021 06:20:43 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/ineos-group/sites/ineos-belgium/belgium/images-2018/hydrogen-energy-molecules-ecological-concept-adobe-stock-images.jpeg?width=600</media:thumbnail> </item> <item> <link>https://www.ineos.com/news/ineos-group/hydrogen-the-dream-fuel/</link> <title>Hydrogen, the dream fuel</title> <description><p>Before the 1800&rsquo;s it was not uncommon for the Thames to freeze over for two months. The four highest temperatures recorded on planet Earth have all occurred since 2015. Kids born near Lake Tahoe today will likely never ski there and the iconic Dutch skating race along the traditional canals for 200 kilometres and through 11 cities was last held in 1997.</p> <p>Whilst Donald Trump attempted to claim it was &lsquo;false news&rsquo;, global warming is here to stay for some time to come and is now widely accepted as one of the planet&rsquo;s biggest threats. The cause is simple. We burn fossil fuels (coal, gas and oil) to produce energy which is essential to our modern lifestyle and the by product is CO<sub>2</sub> which pops up into our atmosphere and sits there like a fluffy blanket keeping the heat in. We unquestionably need to reduce the planet&rsquo;s CO<sub>2</sub> footprint, or it will continue overheating.</p> <p>Hydrogen is the dream fuel. You can heat your home with it. You can drive your car on it. Burn it and all it produces is energy and the only by product is water. We can all live with that.</p> <p>Even better, hydrogen can be made from just water and green electricity produced from windmills, hydroelectric and solar cells. From cradle to grave and zero carbon. Simply put, water molecules are subjected to a high current in an electric cell (called an electrolyser) and the hydrogen part splits off from the oxygen. The oxygen can be released harmlessly or captured and sold, and we are left with the perfect fuel, hydrogen. And indeed, this has been given the term &lsquo;green hydrogen&rsquo; because it is zero carbon.</p> <p>There is an alternative way to make hydrogen which is cheaper and very well understood but produces CO<sub>2</sub> as a byproduct. This process starts with natural gas and releases the precious hydrogen, but the CO<sub>2</sub> that it also produces needs to be captured and reinjected back into the gas field where the natural gas comes from, thereby trapping it so it can&rsquo;t float up into the atmosphere. Carbon capture and reinjection is still emerging technology and not practiced on a big scale today. It looks manageable though and we have promising results from the work we&rsquo;re doing right now.</p> <p>Most people today are familiar with the electric car. Legislation is leaning in this direction for urban centres. There are no exhaust fumes, so no carbon and the vehicles are becoming more accessible. But on a longer journey, the long charging time becomes an issue, together with the often misquoted &lsquo;range&rsquo; which can be very restrictive.</p> <p>There is a bigger issue for heavy transport. If electrified, a big truck needs to cart around seven tonnes of battery and it cannot afford to hang around recharging, so this will never work. The same is true for buses. Hydrogen offers an attractive alternative.</p> <p>Firstly, a hydrogen engine (known as a fuel cell) is the same size as a normal engine and, secondly, the time taken to fuel up is the same as a normal engine. So, no waiting around and no range issues. In the home, a gas boiler could be replaced by a hydrogen boiler. You would hardly notice.</p> <p>So, what does it take to make the hydrogen economy work? For it to be practical and effective.</p> <p>Three things. One, it needs the engines/boilers. Two, it needs industry to make the hydrogen and three, it needs hydrogen infrastructure in the form of filling stations and underground pipes like we have for natural gas.</p> <p>Hyundai, BMW, Mercedes etc. have many demonstration hydrogen engines happily driving around. We will have a hydrogen INEOS Grenadier on test next year (alongside an electric version). This piece of the jigsaw is the most advanced. The infrastructure, clearly critical, needs government push on legislation and investment. The German government is well advanced with nine billion Euros committed and over 200 filling stations operational. The UK government has yet to get out of the blocks but hopefully soon will. The UK has only a handful of hydrogen pumps today.</p> <p>Finally, industry needs to invest in plants to produce hydrogen. INEOS is Europe&rsquo;s largest operator of the electrolysis process and we have committed to &euro;2 billion of investment in the next ten years, building the much-needed green hydrogen capacity.</p> <p>The world has committed to hugely reducing its carbon emissions and hydrogen is unquestionably going to play a large part in accomplishing this goal.</p> <p><strong>Jim Ratcliffe, Chairman and Founder of INEOS</strong></p></description> <pubDate>Sun, 17 Oct 2021 07:56:00 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification"/> </item> <item> <link>https://www.ineos.com/sites/belgium/news-index/Hans-Casier-re-elected-as-essenscia-chairman/</link> <title>Hans Casier re-elected as essenscia chairman</title> <description><p>Hans Casier has been unanimously re-elected by the members of the essenscia Governing Body as president of the Belgian sector federation of chemistry and life sciences. Casier is CEO of INEOS Phenol and INEOS Nitriles and has held the chairmanship since October 2018.</p> <p>The renewed chairman's mandate is for a period of three years.</p> <p>Hans Casier, Chairman essenscia: "The past three years have been fascinating but challenging, partly due to the corona crisis. Chemistry and life sciences have shown themselves to be an essential sector in difficult circumstances. Just think of vaccines, hand gels and protective materials. With the European Green Deal and the climate ambitions, new challenges await. We are convinced that, as a sector, we can provide the innovations, technologies and products to help realise those sustainable goals."</p></description> <pubDate>Fri, 15 Oct 2021 07:07:21 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/ineos-group/sites/ineos-belgium/belgium/images-2018/hanscasier.jpg?width=600</media:thumbnail> </item> <item> <link>https://www.ineos.com/sites/belgium/news-index/truck-wash-combats-loss-of-plastic-pellets/</link> <title>“Car wash” combats loss of plastic pellets</title> <description><p>Trucks that want to leave the site in Lillo, Antwerp, after loading plastic pellets, first have to go through the so-called blow-off line. This 'dry car wash' for trucks efficiently, safely and accurately blows away plastic pellets that have remained on the roof or chassis of the truck during loading. INEOS invested 700,000 euros in the covered blow-off line in order to prevent lost pellets from leaving the site and ending up in nature. The installation of the blow-off street is the final piece in a series of measures that have already been applied on the site for some time to reduce the loss of pellets to zero.</p> <p><strong>Control stamp</strong></p> <p>With the new blow-off line, INEOS is stepping up a gear in the fight against the unintentional loss of plastic pellets, a point that has long been high on the agenda. The pellets are used as raw material for all sorts of plastic products. In the past, trucks were systematically checked by hand: any surplus pellets left over after loading were blown off by the driver and swept up afterwards to prevent them from ending up on the roadside when he drove off. A steward checked all trucks before they could drive out.</p> <p>From now on, this will be automated and the driver will be relieved of all worries. The blow-off line can best be compared with blowing a car dry in a classic car wash. The principle is the same: the truck drives through the installation at low speed, where powerful blowers blow away any plastic pellets left behind - even in hard-to-reach places on the truck. The pellets are collected in grids and sucked up so that they can be reused or recycled. After this 'washing', the driver receives a stamp: without it, the truck cannot leave the site.</p> <p>Watch how the blow off street functions in the animation movie:</p> <div class="epi-contentfragment">afblaasstraat animatie</div> <p><br /><strong>Every pellet is one too many</strong></p> <p>At the INEOS site on the Scheldelaan in Lillo, sixty trucks with bulk cargo leave the site every day. Measurements show that the majority of them now leave the site virtually 'pellet-free': in 98% of cases, there are 0 to 9 pellets left on the truck (max 0.3 grams). With the blow-off line, INEOS can now also prevent the last remaining pellets from 'riding' with a departing lorry.</p> <p><em>"Our goal is to reduce the loss to zero, or zero pellet loss,"</em> says Philippe Neirynck, Manager of Logistics Operations. <em>"Every pellet is one too many.&rdquo;</em></p> <p>INEOS is planning an additional installation of a similar blow-off line in the port of Antwerp at the Zandvliet site (Styrolution) later this year.</p> <p><em>Antwerp port alderman Annick De Ridder rode with us through the blow-off street (read more below the photograph).</em></p> <p><em><img src="http://www.ineos.com/link/389d65fd4677424fb0037f15d0809b11.aspx" alt="afblaasstraat_remitrans.png" width="453" height="250" /> <img src="http://www.ineos.com/link/00548f455e7946c0b9610ca79babc621.aspx" alt="20211012_124627.jpg" width="188" height="250" /></em></p> <p><strong>Closing the loopholes</strong></p> <p>The tiny pellets require an integrated approach to outsmart them.</p> <p>Philippe Neirynck, Logistics Operations Manager:<br /><em>"We keep the site 'pellet-free' by using separation pits and walls to prevent the drainage of pellets into the verge. We also continually optimise our loading processes to prevent pellet losses at source: for example, we work with tailor-made collars around the loading pipes to catch any pellet splashes during truck loading. Once a week, we sweep the hard shoulder along the Scheldelaan, along which the trucks leave for their destination, with a broom truck, to prevent pellets from ending up in the Scheldt via the sewage system. The fact that hardly any pellets are found is encouraging. However, this buffer remains important to close the loopholes."</em></p> <p><strong>Each link in the chain counts</strong></p> <p>Given the complex logistics chain, it is very important to make the different actors aware of the importance of prevention measures. Operation Clean Sweep, an initiative of the European plastics federation PlasticsEurope, unites sector companies and logistics partners to adopt a common approach in combating the loss of plastic pellets. INEOS has been a member from the very beginning since its launch in Belgium in 2017 and is paying close attention to sensitising its own employees and logistics partners to the programme at its production sites.</p> <p>Annick De Ridder, elderman of the port:<br /><em>"Already in October 2017, the Port of Antwerp was the very first port in Europe to sign up to the 'Operation Clean Sweep' programme, an initiative of the European plastics federation PlasticsEurope. Industry, logistics companies and the transport sector are all taking the lead in taking action together with the Port Authority to prevent plastic pellets from ending up in the environment. Plastics have an important place in our port, but no one wants to see pellets ending up in dock water or nature. I therefore applaud manufacturers such as INEOS for continuing to invest in additional measures to achieve zero tolerance."</em></p> <p>Saskia Walraedt, director essenscia PolyMatters :<br /><em>"Operation Clean Sweep is much more than 'sweeping in front of your own door'. Every link in the chain bears a responsibility. The cooperation set up in the port area is a unique platform for exchanging good practices and is driven by PlasticsEurope Belgium, essenscia, the Port Authority, Alfaport Voka and transport federation Febetra. The goal is clear. All noses are in the same direction: no plastic pellets in nature. With this investment, INEOS underlines the common commitment to strive together for zero pellet loss."</em></p></description> <pubDate>Tue, 12 Oct 2021 10:53:00 Z</pubDate> <media:thumbnail xmlns:media="https://www.ineos.com/rsspage/specification">https://www.ineos.com/globalassets/ineos-group/sites/ineos-belgium/belgium/afblaasstraat_remitrans.png</media:thumbnail> </item> </channel> </rss>