Ineos to increase EtAc production at manufacturing site in Hull, UK
Belgium-based Ineos Oxide is expanding its Hull manufacturing facility in the UK to boost production of ethyl acetate (EtAc) by 100,000t a year.
The additional capacity is expected to be available by the end of next year.
EtAc is used in pharmaceuticals, cosmetics, inks and flexible packaging.
The Hull plant is already operating at full capacity and its expansion will enable the company to continue to serve European customers.
It will support import of raw material and export of EtAc and will also benefit from easy logistical access to Europe and the markets worldwide.
Ineos Oxide founder and chairman Jim Ratcliffe said: "We believe in British manufacturing and will support it wherever we can.
"Our Hull plant is at capacity and this extra investment will enable us to significantly increase production that we will sell all over Europe and across the world."
The Hull site is also set to benefit from the company's $1bn decision to import US shale gas to Scotland.
A pipeline that links Ineos's petrochemicals plant at Grangemouth in Hull enables the site to use ethylene produced from imported US shale gas, as its primary raw material.
Separately, Ineos completed the previously announced acquisition of the entire stake in Inovyn from Solvay for €335m.
Inovyn was formed as a 50/50 joint venture by Ineos and Solvay in July last year.
Image: Ineos Oxide site at Saltend, Hull. Photo: courtesy of Ineos Oxide.