INEOS completes acquisition of French petrochem assets from TotalEnergies
Petrochemical

INEOS completes acquisition of French petrochem assets from TotalEnergies

These businesses have until today been joint ventures between the two companies

  • By ICN Bureau | April 01, 2024

INEOS has completed its acquisition of TotalEnergies’ petrochem assets in Lavera, France.

INEOS has now acquired Naphtachimie, Gexaro and Appryl, which were 50:50 Joint Ventures between INEOS and TotalEnergies in Southern France.

INEOS has today completed the acquisition of TotalEnergies’ 50% share of Naphtachimie (720 ktpa steam cracker), Appryl (300 ktpa polypropylene business), Gexaro (270 ktpa aromatics business) and 3TC1 (naphtha storage) announced on July 5th.

These businesses have until today been joint ventures between the two companies. A number of other infrastructure assets have also been acquired including part of TotalEnergies ethylene pipeline network in France.

INEOS will now fully integrate the Naphthachimie, Gexaro and Appryl petrochemical businesses, assets and infrastructure into INEOS Olefins & Polymers South at Lavera in Southern France. Gexaro which is located on the Lavera refinery site will continue to be operated by Petroineos.  

Xavi Cros, CEO of INEOS Olefins & Polymers South adds, "We are pleased that we have today completed the acquisition of TotalEnergies petrochemical assets at Lavera. This is a major step forward for the INEOS French and South European businesses. We will now fully integrate these assets and enhance the competitiveness of our offer."

Register Now to Attend Agrochem Summit 2024 on Friday, December 13th, 2024 at The Park, New Delhi

Upcoming E-conferences

Agrochem Summit 2024

December 13, 2024

PetroChem Summit 2024

December 18, 2024

Other Related stories

Startups

Chemical

Energy

Digitization