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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
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Mitsui's pheno chemicals complex in Singapore.
Credit: Ineos
Ineos is acquiring this phenol complex in Singapore.

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.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

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