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 Commented

Chlorinated compounds form in tea and coffee

24 November 2015 Research

news image

Treated water reacts with organics to form disinfection byproducts

Brazilian mine disaster releases dangerous metals

21 November 2015 News and Analysis

news image

Irreversible negative human health and environmental effects could result from Brazilian mine’s dam collapse