Solvay-Ineos PVC deal passes European approval


The European commission has approved a large-scale joint venture between the polyvinyl chloride (PVC) businesses of speciality chemicals manufacturers Solvay and Ineos. The approval is conditional on the companies selling off various plants to maintain competition in the European market.

The companies first set out their plan to join forces in May 2013. Since then, they have been negotiating with the commission to satisfy the regulator that the resulting ‘world-class PVC producer’ would not have excessive control over the local supplies of PVC and associated products like sodium hypochlorite bleach. The companies say that the combination will enable them to compete better globally and be more sustainable.

To fulfil the commission’s competition requirements, Ineos will have to sell off plants in Tessenderlo, Belgium; Mazingarbe, France; Beek, the Netherlands; Wilhelmshaven, Germany; and Runcorn, UK. These plants variously produce PVC resin and related products including chlorine, ethylene dichloride (EDC) and vinyl chloride monomer (VCM). Whoever buys these plants will effectively get a fully integrated PVC business, but will also need to enter a further joint venture with Ineos–Solvay to produce chlorine at the Runcorn site.


Related Content

Solvay expands surfactants business with Chemlogics buyout

9 October 2013 Business

news image

$1.3bn deal brings firm into booming US oil and gas drilling market

All hail shale

7 January 2014 Business

news image

Chemical industry roundup 2013

Most Read

Bubble wrap could send lab costs packing

23 July 2014 Research

news image

Potential bubbles up across wide range of uses as storage and test vessels, especially for poor countries

Coffee cup confusion

20 July 2014 Research

news image

Scientists call for better labelling after research highlights inconsistencies in the chemical composition of a cup of coffee

Most Commented

Bubble wrap could send lab costs packing

23 July 2014 Research

news image

Potential bubbles up across wide range of uses as storage and test vessels, especially for poor countries

Relativity behind mercury's liquidity

21 June 2013 Research

news image

First evidence that relativistic effects are indeed responsible for mercury's low melting point