Ineos Completes Acquisition of Total Energies’ Petrochemical Assets

Business Deal Ineos Completes Acquisition of Total Energies’ Petrochemical Assets

02.04.2024 Source: Press release Ineos 1 min Reading Time

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The acquisition of Total Energies’ petrochemical assets at Lavera, France is a major step forward for the Ineos French and South European businesses. The deal includes one of Europe’s largest steam crackers with an annual capacity of 720,000 tonnes of ethylene, an aromatics business with an annual capacity of 270,000 tonnes and a polypropylene business with an annual capacity of 300,000 tonnes.

Ineos has completed the acquisition of Total Energies’ 50 % share of Naphtachimie, Appryl, Gexaro and 3TC.
(Source: Pixabay)

London/UK – Ineos has completed the acquisition of Total Energies’ 50 % share of Naphtachimie (720 ktpa steam cracker), Appryl (300 ktpa polypropylene business), Gexaro (270 ktpa aromatics business) and 3TC (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 Total Energies’ 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 Total Energies 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."

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