# 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.

- Type: Acquisition
- Announced: 2021-11-28
- Where: Bayport Underwood, Texas, United States
- Value: $700.0M
- Status: announced
- Capacity: 420,000 t/yr EO, 375,000 t/yr EG, 165,000 t/yr glycol ethers
- Products: ethylene oxide, ethylene glycols, glycol ethers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LyondellBasell](https://endata.com/companies/1444.md) (target)
- [INEOS](https://endata.com/companies/9807.md) (acquirer)

## Sources

- [icis.com](https://www.icis.com/explore/resources/news/2023/12/08/10952169/ineos-to-acquire-lyondellbasell-s-eo-and-derivatives-business/), 2021-11-28: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.