Ineos takes full control of Styrolution


Chemicals conglomerate Ineos is exercising its option to take full control of Styrolution, its 50:50 styrenics joint venture with BASF. Ineos will pay €1.1 billion (£878 million) for BASF’s share in the business.

When the two companies set up Styrolution in 2011, it was always the intention that Ineos would eventually take over the whole operation and BASF would bow out of styrenics, as part of a strategy of realigning BASF’s product portfolio towards less cyclical products. While Styrolution will be wholly controlled by Ineos, it will retain its current operations within BASF’s plants in Ludwigshafen, Germany, and Antwerp in the Netherlands, which gain competitive advantages by being integrated into BASF’s ‘Verbund’ system of operations.


Related Content

Business roundup

5 January 2011 Business

news image

Industry news, January2011

Ineos raises axe over Grangemouth petrochemicals

14 October 2013 Business

news image

Facility set to close without pension reforms and government help to fund ethane shipping terminal

Most Read

Antimicrobial resistance will kill 300 million by 2050 without action

16 December 2014 News and Analysis

news image

UK report says resistance will cost global economy $100 trillion

Cutting edge chemistry in 2014

10 December 2014 Research

news image

We take a look back at the year's most interesting chemical science stories

Most Commented

Smart skin for prosthetic limbs senses heat and touch

12 December 2014 Research

news image

Ultra-thin plastic skin can bend and flex without affecting the skin's ability to detect stimuli

Chemistry behind the ‘blue man’ unlocked

1 November 2012 Research

news image

Biochemical model suggests that silver ions, not nanoparticles, cause a rare skin complaint