Ineos

Privately owned multinational chemicals company

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July 2024 Ineos Automotive announced the postponement of Fusilier production due to low demand and regulatory changes, delaying the previously planned manufacturing timeline.
May 1 2024 The Ontario Ministry of the Environment suspended Environmental Compliance Approval for Ineos Styrolutions' Sarnia, Ontario site due to excessive benzene emission levels, requiring the site to shut down operations until emissions can be reduced to acceptable levels.
February 23 2024 Ineos Fusilier was unveiled in images by the manufacturer at the Grenadier pub in London, presenting the new vehicle to the public.
December 1 2023 INEOS acquired Texas City Operations from Eastman Chemical Company, which includes a 600kt acetic acid plant and associated third-party activities.
November 2023 Petroineos announced plans to convert the Grangemouth refinery into an import terminal by 2025, citing global market pressures and changing fuel demand.
2022 Over 3 million children participated in The Daily Mile initiative across 86 countries worldwide, promoting children's health and physical activity.
2022 Original planned launch year for the Ineos Grenadier vehicle.
December 2022 Lynn Calder takes over as Chief Executive, succeeding Dirk Heilmann after his five-year tenure.
July 2021 Ineos invested £25m in HydrogenOne Capital Growth, a fund aiming to raise £250m and float on the London Stock Exchange, focusing on investments in 'green hydrogen' from renewable energy and 'blue hydrogen' extracted from fossil fuel gas.
January 2021 INEOS announced a £100M donation to establish the INEOS Oxford Institute for Antimicrobial Resistance (AMR) Research, aimed at addressing the global threat of drug-resistant infections.
December 2020 Announced final assembly would take place in Hambach, France, instead of South Wales, a decision that was criticized by Welsh Labour MP Chris Elmore as contradicting Brexit support.
September 2020 Ineos signed a 10-year deal to acquire offshore wind power from Engie's Northern wind farm, with undisclosed terms.
June 2020 Ineos signed a letter of intent to acquire BP's petrochemicals unit for $5 billion, which included 14 plants across Asia, Europe, and the U.S., with an annual production of 9.7 million metric tons in 2019.
May 2020 Petroineos sought a £500 million bailout from the UK government for the Grangemouth refinery due to declining oil sales, which was opposed by environmental groups.
April 2020 During the COVID-19 pandemic, Ineos set up new plants to produce hand sanitiser, providing it free to hospitals. The company had the capacity to produce a million bottles of hand sanitiser per month.
2019 In the wake of British MPs rejecting Theresa May's Brexit Deal, Ineos chose to fund a €3bn investment (£2.6bn) in petrochemical production in Antwerp, Belgium.
October 2019 INEOS supported Eliud Kipchoge in breaking the 2-hour marathon barrier, with Kipchoge completing the run in a time of 1:59.40.2.
September 2019 Announced initial manufacturing plans for the Ineos Grenadier, with plans to produce chassis and body in Estarreja, Portugal, and final assembly in Bridgend, South Wales, using BMW powertrains.
2018 Ineos applied for test core drilling for shale gas at Woodsetts, United Kingdom, which was met with local resident protests. The drilling plans for Woodsetts and Harthill were eventually approved by the Planning Inspectorate.
2018 Texas-based Frankens Energy purchased the former Ineos Bio Indian River Biorefinery located in Vero Beach, Florida.
2017 Ineos Automotive Ltd. was formed to develop and manufacture an off-road utility vehicle, the Grenadier, intended as a successor to the Land Rover Defender.
April 2017 Ineos reached an agreement to purchase the Forties pipeline system in the North Sea from BP for $250 million, including termini at Dalmeny and Kinneil, a site in Aberdeen, and the Forties Unity Platform.
February 2017 Sir Jim Ratcliffe becomes Chairman of Ineos Automotive, establishing leadership of the company.
2016 INEOS helped establish The Daily Mile Foundation in collaboration with former Headteacher Elaine Wyllie, creating a free initiative for primary schools to promote 15 minutes of daily physical activity for children.
March 2016 Ineos's Port of Runcorn ChlorVinyls facility was found guilty of releasing caustic soda into the Manchester Ship Canal and ordered to pay a fine of £166,650.
November 2014 Ineos announced plans to invest up to £640m in shale gas exploration in the UK, intending to use the gas as a raw material for its chemicals plants, including the Grangemouth facility near Falkirk.
October 2013 Ineos wrote down the value of the Grangemouth chemicals plant from 400 million pounds to zero during a conflict with the union. PetroChina reportedly became dissatisfied with their billion-dollar investment in the Grangemouth and Lavera refineries.
2011 Petroineos joint venture formed between Ineos and PetroChina, becoming Europe's leading independent crude oil refiner with a $15 billion turnover.
February 2011 Ineos Bio broke ground on the Vero Beach demonstration plant, which would use a gasification fermentation process to convert cellulosic waste materials into ethanol and generate up to 6 MW of electricity.

This contents of the box above is based on material from the Wikipedia articles Ineos Automotive, Ineos Fusilier & Ineos, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.

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