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INEOS OLIGOMERS ANNOUNCES A TEN (10) PERCENT EXPANSION OF ITS GLOBAL POLYALPHAOLEFIN MANUFACTURING ASSETS.
Published on September 11th 2007INEOS Oligomers today announced that it had expanded its global production capacity for Polyalphaolefins (PAO) by ten (10) percent.
INEOS Oligomers today announced that it had expanded its global production capacity for Polyalphaolefins (PAO) by ten (10) percent. "This capacity addition represents the first phase of a previously announced capital investment program that will ultimately add over 50 thousand metric tons per year of PAO production capacity by 2010" stated Jeff Seed, Operations Director. INEOS Oligomers currently has PAO manufacturing facilities in LaPorte, TX and Feluy, Belgium.
"Our Durasyn® brand and range of PAO products are globally recognized and currently in strong demand. This expansion program emphasizes our commitment to PAO and provides security of supply to our lubricant customers with respect to their future PAO needs" said Joe Walton, Business Director. "This investment both demonstrates INEOS Oligomers' desire to grow the business and is further evidence of INEOS' drive to be a leader in the global chemical industry" added Bob Learman, CEO.
INEOS is a global a petrochemical company with close to $40 billion US in annual revenues. The INEOS Oligomers division makes and sells PAO, Linear Alpha Olefins (LAO), Polyisobutylene (PIB), Diisobutylene (DIB) and other specialty C4 and C5 olefin based products.
Further enquires about INEOS Oligomers and its businesses can be directed to:
Kevin Ratliff, LAO/PAO Market Manager - Americas
Tel: + 1 281 535 4261
E-Mail: Kevin.Ratliff@ineos.com
Jan Vermeersch, Commercial General Manager - Europe
Tel: + 44 (0) 774 763 1244
E-Mail: Jan.Vermeersch@ineos.com