INEOS


Also found in: Wikipedia.
AcronymDefinition
INEOSAN Nesmeyanov Institute of Organoelement Compounds (Russia)
References in periodicals archive ?
Key Terms of Bonds: Ineos Finance plc is one of Ineos' fully-owned financing companies.
Ineos, which is controlled by British billionaire Jim Ratcliffe, said the move will propel it into a top-10 company and the biggest private group operating in the North Sea.
Ruthless Ratcliffe said the business was a "natural fit" for Ineos, who earlier this month struck a deal with BP to buy the Forties pipeline, which brings ashore 40 per cent of UK North Sea oil.
Under the terms of the agreement INEOS will pay BP a consideration of up to $250 million for the business, comprising a cash payment of $125 million on completion and an earn-out arrangement over seven years that totals up to $125 million.
On November 17, 2014, INEOS completed the purchase of BASF's 50 percent share--making Styrolution a wholly owned, standalone company within INEOS.
INEOS Americas reportedly operates a phenol plant in Mobile, Ala.
Via this transaction, Ineos will take over a natural gas-fired combined heat and power (CHP) plant located at Grangemouth in Scotland.
INEOS is one of very few companies able to use shale gas as both a fuel and a feedstock Gary Haywood, CEO of INEOS Upstream, said: "This is a logical next step for INEOS and we are very excited about it.
The addition of this solvents business broadens the INEOS Enterprises portfolio and presents new opportunities for integration into some of our existing upstream sites in Germany," said Ashley Reed, CEO INEOS Enterprises.
A bitter war of words flared between Ineos and the Unite union, which described the closure as "catastrophic".
Mr Deans, party chairman, was suspended by Ineos then reinstated.
The warning was issued by Ineos chairman Jim Ratcliffe in a letter sent last week to a senior Downing Street civil servant.