INEOS to acquire Eastman Texas City site for $500 million

INEOS has reached an agreement to purchase the Eastman Texas City site, including a 600,000 tpy acetic acid plant and associated third-party activities, for approximately $500 million.

“INEOS has announced it has reached an agreement with Eastman Chemical Company to purchase the Eastman Texas City site, including the 600,000 t acetic acid plant and all associated third party activities on the site, for approximately US$500 million.”hydrocarbonengineering.com

• 2 sources
• hydrocarbonengineering.comINEOS announces acquisition of Eastman Texas City Site | Hydrocarbon EngineeringPoppy ClementsSep 28, 2023
• everchem.comQ3 Chemical M&A: Everchem Made The List - Everchem Specialty ChemicalsOct 9, 2023

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