# 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.

- Type: Acquisition
- Announced: 2023-09-28
- Where: Texas City, Texas, United States
- Value: $500.0M
- Status: announced
- Capacity: 600,000 tpy acetic acid
- Products: acetic acid, vinyl acetate monomer
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Eastman Chemical](https://endata.com/companies/7789.md) (partner)
- [Eastman Chemical](https://endata.com/companies/7789.md) (target)
- [INEOS](https://endata.com/companies/9807.md) (acquirer)

## Sources

- [hydrocarbonengineering.com](https://www.hydrocarbonengineering.com/petrochemicals/28092023/ineos-announces-acquisition-of-eastman-texas-city-site/), 2023-09-28: "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."
- [everchem.com](https://everchem.com/q3-chemical-ma-everchem-made-the-list/), 2023-10-09: "Eastman | Ineos | Texas City TX site (acetic acid) – $490v | 3rd Quarter 2023"

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