INEOS to acquire LyondellBasell's EO and derivatives business for $700M

INEOS has agreed to acquire LyondellBasell's ethylene oxide and derivatives business, including the Bayport Underwood site in Texas, for $700 million. The deal includes a 420,000 t/yr EO plant, a 375,000 t/yr EG plant, and a 165,000 t/yr glycol ethers plant, with completion targeted for Q2 2024.

“INEOS has reached an agreement to acquire LyondellBasell’s ethylene oxide (EO) and derivatives business, including the Bayport Underwood site in Texas, for $700m, the companies said on Friday.”icis.com

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• icis.comINEOS to acquire LyondellBasell’s EO and derivatives businessNov 28, 2021

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