INEOS Phenol confirms Chinese Government authorities re-approve investment plans for a 400 kte facility
“We are pleased with the confidence shown by China’s Governmental authorities in INEOS' technology, business plan, and reputation”, said Leen Heemskerk, CEO of INEOS Phenol. “The re-approval supports our effort to be a major producer in the Asian market and confirms that the Chinese market is supportive of phenol/acetone manufacturing facility of this capacity and scale.”
As previously announced, INEOS Phenol is focused on strengthening their China investment by seeking stronger raw material integration and potential Chinese partnerships.
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