Ineos Nova and SEEA Plan JV for EPS Plant

Ineos Nova and SEEA Polymers signed a letter of intent to form a 50-50 joint venture to build and operate an expandable polystyrene (EPS) plant at SEEA’s Medgidia, Romania site. The proposed facility will have an EPS production capacity of 100,000 m.t./year per year and is expected to start operations by late 2009. Romania’s EPS consumption is projected to grow by more than 10% per year, and the plant’s proximity to the Black Sea will enable the plant to have low-cost logistics, the companies say. “We expect this plant to manufacture a...

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