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Ineos Seeks Mideast Presence and Bigger European Base

9:34 AM MDT | October 24, 2007 | Natasha Alperowicz

Ineos says it is interested in establishing a manufacturing presence in the Mideast and is looking at several possible investment opportunities in the region. The company is no longer pursuing the previously announced Ineos-Delta ethylene and derivatives project at Al Jubail, Saudi Arabia, however, “given current feedstock and capital cost constraints,” Tom Crotty, Ineos Olefins CEO, exclusively told CW recently. Crotty: ‘No Ineos-Delta project.’ Crotty declined to comment on CW’s exclusive report that Ineos is negotiating to join...

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