Ineos to acquire LyondellBasell’s ethylene oxide and derivatives business

Ineos announces agreement with LyondellBasell to acquire its ethylene oxide and derivatives business, including Bayport, Texas Underwood Factory. The transaction includes a 420,000-tonne ethylene oxide plant, a 375,000-tonne glycol plant and a 165,000-tonne glycol ether plant, as well as all related third-party operations on site, and is valued at $700 million. Ethylene oxide plays an important role in the daily lives of millions of people. It…