Ineos

INEOS Capital Limited is a British multinational chemicals company headquartered and registered in London. As of 2021, it is the fourth largest chemical company in the world. Ineos is organised into about 20 standalone business units, each with its own board and operating almost entirely independently.

Ineos (British Multinational Chemicals Company)

Ineos (Empresa Química Multinacional Británica)

In 1992, Inspec was formed by Sir Jim Ratcliffe, previously a director of the U.S. private equity group Advent International, and by John Hollowood, for the purpose of executing a management buy-in of British Petroleum’s (BP) chemicals arm. Ineos is derived from INspec Ethylene Oxide and Specialities, a previous name of the business. It also incorporates one Latin and two Greek words. “Ineo” is Latin for a new beginning, “Eos” is the Greek goddess of dawn, and “neos” is Greek for something new and innovative. As well as being an acronym, Ineos states its name represents the “dawn of something new and innovative”.

Ineos (Britisches Multinationales Chemieunternehmen)

Ineos (Британская многонациональная химическая компания)

Voiture de Soutien de l'équipe Ineos Grenadiers World pendant la Vuelta 2022 — Support Car of the Ineos Grenadiers World Team during the Vuelta 2022

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Ineos (Entreprise Chimique Multinationale Britannique)

Ineos’s heritage is in a number of well-known blue chip chemical companies. These include Amoco, BASF, Bayer, Borealis, BP, Degussa, Dow Chemical Company, Enichem, Erdölchemie, Hoechst, ICI, Innovene, Lanxess, Monsanto, Norsk Hydro and Solvay. The company was formed in 1998 to implement a management buyout of the former BP petrochemicals assets in Antwerp, Belgium. In October 2005 Ineos agreed to purchase Innovene, BP’s olefins and derivatives and refining subsidiary, which had an estimated 2005 turnover of US$25 billion, for $9 billion. The deal, which was completed on 14 December 2005, roughly quadrupled Ineos’s turnover, which was previously around $8 billion. In 2007 Ineos formed a joint venture with Lanxess and created Ineos ABS, comprising Lanxess’s activities in acrylonitrile butadiene styrene production, located in Tarragona, Spain. Ineos paid €35 million in a first tranche. In March 2010 Ineos Healthcare terminated its drug development programme for commercial reasons.

اینیوس (شرکت مواد شیمیایی چند ملیتی بریتانیا)

이네오스 (영국 다국적 화학 회사)

In April 2020, during the Coronavirus outbreak, hand sanitiser was in short supply due to high demand. Ineos set up new plants to produce it using key ingredients the company had used to manufacture polymers, and provided it free to hospitals. Ineos Automotive Ltd. was formed in 2017 by Jim Ratcliffe in order to develop and manufacture an off-road utility vehicle, intended as a “spiritual successor” to the Land Rover Defender, under the codename Projekt Grenadier. In September 2019, it was initially announced that vehicle, officially named Ineos Grenadier, would be manufactured in two new factories in Estarreja, Portugal (chassis and body) and Bridgend, South Wales (final assembly), with powertrains supplied by BMW.