MOSCOW (MRC) -- INEOS Enterprises has today completed the acquisition of ASHTA Chemicals Inc, from Bigshire Mexico S. de R.L. de C.V. The deal, consists of a 100ktpa Potassium Hydroxide (KOH)/65 kte Chlorine plant, said the company.
ASHTA Chemicals will now be known as INEOS KOH and will be part of the INEOS Enterprises business. INEOS KOH will continue to manufacture and market chlorine and a range of potassium-based chemicals to a variety of end use markets including liquid fertilizers, runway de-icers, food ingredients, pharmaceuticals, and agricultural applications.
The business employs around 110 people at the site in Ashtabula, Ohio, close to the INEOS Pigments operations, from where it operates a recently commissioned membrane cell technology chlor-alkali unit.
Commenting on the agreement, Ashley Reed, CEO INEOS Enterprises said “I am pleased to have now completed the acquisition of ASHTA Chemicals, which is an excellent strategic fit for the long-term local supply and use of chlorine at INEOS Pigments. In addition, ASHTA will bring a well-established and respected North American potassium hydroxide business into the INEOS Enterprises portfolio.”
We remind, INEOS Europe AG and Pacific Gas (Hong Kong) Holdings Co., Ltd, have signed long-term time charter agreements for four 99,000 cbm (cubic metre) VLECs (Very Large Ethane Carriers). The deal will bring INEOS’ ethane fleet to 16 vessels, with eight VLEC and eight Dragon class ethane carriers. With these agreements, INEOS will have a total of six VLECs under time charter with Pacific Gas.