Ineos France's production of 500,000 tons of ABS resin plant is delayed!

Recently, Ineos announced that the company will postpone the start-up date of its new 500,000-ton/year acrylonitrile-butadiene-styrene (ABS) resin plant in Wengers, France, to the second half of this year. According to sources, Ineos Styrolution initially planned to commission the plant in the first quarter of 2020, but it was later postponed due to technical problems in the plant. Although the construction project was completed on time in the first quarter of this year, there are still technical problems that need to be resolved, and production can only be started in the second half of this year.

The plant was announced by Ineos Styrolution in 2018 to increase ABS production capacity. In addition, Eni Group's chemical business Versalis is increasing the ABS production capacity of its plant in Mantua, Italy by 30,000 tons/year to 95,000 tons/year.

It is understood that Ineos is the world's leading chemical company and one of the world's largest manufacturing companies, with operations in 26 countries, with more than 180 factories and approximately 22,000 employees worldwide. In the past 20 years, Ineos has acquired many businesses from bp. The most notable is the acquisition of Innovene, a subsidiary of bp for US$9 billion in 2005. Innovene’s main business includes most of bp’s chemical plants and two refineries at that time. plant. At present, it has completed the acquisition of bp's global aromatics and acetyl business for US$5 billion, and has become one of the world's leading petrochemical companies.