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Petrochemicals
Ineos to buy Mitsui phenol complex
by Alexander H. Tullo
September 1, 2022
| A version of this story appeared in
Volume 100, Issue 31
Ineos Phenol is buying Mitsui Chemicals’ phenol complex on Jurong Island, Singapore, for $330 million. The facility has overall capacity of about 1 million metric tons per year for cumene, phenol, acetone, α-methylstyrene, and bisphenol A. It generates annual sales of over $750 million. Ineos Phenol says it is the world’s largest producer of phenol and acetone; it operates plants in Germany, Belgium, and the US.
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