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Petrochemicals

Ineos to acquire Flint Hills chemical plant

by Michael McCoy
September 28, 2018 | APPEARED IN VOLUME 96, ISSUE 39

 

09639-buscon11-flint.jpg
Credit: Ineos
The main asset of the business being sold is this plant in Joliet, Ill.

Ineos Enterprises has signed a deal to acquire Flint Hills Resources’ intermediates business, which produces purified isophthalic acid, trimellitic anhydride, and maleic anhydride in Joliet, Ill. “Ineos has a track record of acquiring businesses that are no longer core to their previous owners,” Ineos Enterprises CEO Ashley Reed says. Flint Hills, a subsidiary of Koch Industries, acquired the business from BP in 2004.

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