Ineos Buys MEG From BP Amoco.

Chemical Market Reporter, April, 1999 by MILMO, SEAN

INEOS, one of the largest producers of mono ethylene glycol (MEG) in Europe, is taking over EP Amoco Chemicals' antifreeze business, to which it already supplies raw materials. The acquisition will bring Ineos into the antifreeze market, in which consumption has been decreasing in recent years.

Improvements in car engine technology and changes in antifreeze formulations to reduce the frequency of refills, together with mild winters, have weakened demand. "We think there could beopportunities for growing the business because of the relatively high number of small players in the market and of the advantages of being a vertically integrated operation," says Karl Herman, general manager at Ineos' site at Antwerp. Ineos has been supplying BP Amoco with...

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