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Ineos reports higher earnings buoyed by US  feedstock advantage

9:58 AM MDT | July 17, 2014 | Natasha Alperowicz

Ineos today reported unaudited second-quarter results with Ebitda rising 22% to €447 million ($604.5 million) compared with the year-earlier quarter and 11.5% up on the first quarter of this year. North American markets have continued to be strong, taking full benefit from their current feedstock advantage, the company says. Market conditions in Europe have shown further signs of improvement in the quarter. In contrast, markets in Asia have generally remained soft. Ineos’s O&P North America segment reported Ebitda of €236 million compared with...

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