- INEOS completed the purchase of LyondellBasell's Ethylene Oxide & Derivatives business on 1st May 2024.
- The Bayport, Texas facility includes high-purity ethylene oxide production.
- The transaction followed planned maintenance and regulatory approvals.
Transaction Completion
On 1st May 2024, INEOS Oxide finalized the acquisition of LyondellBasell's Ethylene Oxide & Derivatives (EO&D) business, including production facilities in Bayport, Texas.
Strategic Expansion
This acquisition marks a significant step for INEOS, expanding its EO&D operations into the U.S., the world's largest market, and complementing its existing facility in Plaquemine, Louisiana.
Bayport Facility
The Bayport EO&D business is known for producing high-purity ethylene oxide and derivatives, benefiting from cost-advantaged feedstocks and strong logistics networks.
Future Growth
The Bayport site offers available land for INEOS's growth aspirations, providing an ideal location for developing third-party business and integrating into the existing EO&D platform.
Regulatory and Maintenance
The transaction's closing followed the completion of planned maintenance at the Bayport facility and the satisfaction of regulatory and customary closing conditions.
