# INEOS completes acquisition of Eastman Texas City acetic acid plant

INEOS has completed the acquisition of the Eastman Texas City site, including a 600,000-tpy acetic acid plant and all associated third party activities, from Eastman Chemical Company.

- Type: Acquisition
- Announced: 2023-12-01
- Where: Texas City, Texas, United States
- Value: $700.0M
- Status: completed
- Capacity: 600,000 tpy
- Products: acetic acid
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LyondellBasell](https://endata.com/companies/1444.md) (partner)
- [LyondellBasell](https://endata.com/companies/1444.md) (target)
- [Eastman Chemical](https://endata.com/companies/7789.md) (target)
- [INEOS](https://endata.com/companies/9807.md) (acquirer)

## Sources

- [hydrocarbonprocessing.com](https://www.hydrocarbonprocessing.com/news/2023/12/ineos-completes-the-acquisition-of-the-eastman-texas-city-site/), 2023-12-01: "We are delighted to have completed this strategic acquisition which will help drive our global ambition for our Acetyls business."
- [ineos.com](https://www.ineos.com/news/ineos-announces-the-acquisition-of-the-lyondellbasell-ethylene-oxide-and-derivatives-business-and-production-facility-at-bayport-texas-for-usd700-million/), 2023-12-08: "INEOS has today announced an agreement with LyondellBasell to buy its Ethylene Oxide and Derivatives business including the Bayport Underwood site, Texas, for $700 million."
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/ineos-completes-acquisition-of-eastmans-acetic-acid-plant-in-texas/), 2023-12-11: "We are delighted to have completed this strategic acquisition which will help drive our global ambition for our acetyls business."
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/ineos-to-purchjase-lyondellbasells-ethylene-oxide-business/), 2023-12-20: "We are pleased to announce this strategic acquisition."

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