- Feasibility study for a US Gulf Coast acetic acid plant is underway.
- FID expected by end of 2023.
- Project will use proprietary technology and carbon-efficient processes.
- UK VAM plant project canceled due to volatile energy costs.
Feasibility Study for US Gulf Coast Plant
INEOS Acetyls has initiated a feasibility study for a world-scale acetic acid plant and associated derivatives on the US Gulf Coast. The company is currently evaluating several high-quality locations for the project.
Strategic Location Benefits
The US Gulf Coast is a strategic location for INEOS due to its existing significant presence in the area. The region offers competitively priced feedstocks, providing a competitive advantage to support global growth and customer demand for acetyl products.
Project Timeline and Technology
The Final Investment Decision (FID) for the project is expected before the end of 2023. The plant will utilize INEOS's proprietary technology and incorporate the latest carbon-efficient processes.
UK VAM Plant Cancellation
As part of its strategic review, INEOS has decided not to proceed with the previously announced VAM plant in the UK. This decision is due to the volatile and uncompetitive energy cost outlook in the region.
