#IneosVthePeople: The relatively unknown chemicals giant from the world of plastic
Ineos who? That was more or less my response too when I first heard of Ineos. And yet in 2019 Ineos was once again among the global top 5 chemical companies (in terms of sales, which totalled €27 billion). Ineos is also the top European producer of ethylene, the basic feedstock in today’s petrochemical industry and an essential component in the production of plastic. Andy Gheorghiu reports Fracking4plastics on tour. Since 2016 Ineos plays – by its own account – a key pioneering role in the European chemical industry. The company is doing this by focusing heavily on fracked gas as a feedstock for its plastic production. At a time when there is an urgent need to drastically reduce both the use of fossil fuels and the production and consumption of plastic, Ineos is deliberately basing its investment policy upon business models that belong to the past. This has made the company a key target of the anti-fracking and anti-plastic movements in recent years. A brief history Ineos was founded in Antwerp in 1998 by … Continue reading #IneosVthePeople: The relatively unknown chemicals giant from the world of plastic
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