LONDON — INEOS Acetyls has started a feasibility study into a world-scale acetic acid and derivatives plant on the Gulf Coast. The company reports that it is currently reviewing several locations for the facility.
David Brooks, CEO INEOS Acetyls, said “The Gulf Coast is a location well known to the INEOS group where we already have a significant presence. With its abundance of competitively priced feedstocks, the area offers a competitive advantage to support the continued global growth and customer demand for Acetyl products.”
The final decision on the investment is expected before the end of 2023. The project will be underpinned by INEOS proprietary technology and will take advantage of the latest carbon efficient processes.
INEOS also announced that as part of a strategic review, it will not proceed at present with the previously announced VAM plant in the UK. The company pointed to the volatile and uncompetitive energy costs outlook as a reason for the decision.
Learn more at www.ineos.com.