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Ineos Technologies wins first South-American polyolefins license agreement

By Gerald Ondrey |

Ineos Technologies Ltd. (Jersey, U.K.; www.ineostechnologies.com) has signed two Ineos polyethylene (PE) technology licenses with newly formed Polimérica S.A., a joint venture between Pequiven and Braskem. These plants will form part of Polimérica’s cracker and derivatives complex in José, Venezuela.  Start-up of the complex is planned for 2013.   Peter Williams, Ineos Technologies CEO, says, “Ineos’ world-class polyethylene technologies will provide Polimérica with the right mix of high performance products required for their markets.  We are excited about embarking on this new and important relationship with them.  These licenses are also a significant milestone for Ineos as they represent our first licenses in South America.”   The first of the two new facilities will be a 430,000 metric tons per year (m.t./yr) gas-phase PE plant using Ineos’ Innovene PEg swing gas-phase technology to produce linear low density polyethylene (LLDPE) and high density polyethylene (HDPE).  The other will be a 400,000-m.t./yr slurry PE plant using Ineos’ Innovene PEs slurry technology for the production of HDPE.
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