INEOS Technologies wins the first Innovene S Polyethylene Technology License for the Russian Market
INEOS Technologies has licensed its Innovene™ S Process for the manufacture of High-density polyethylene (HDPE) and Linear Low-density Polyethylene (LLDPE) to the JSC Angarsk Polymer Plant of ROSNEFT in Angarsk, Russia. The 345,000 tonne per annum plant will produce a full range of Ziegler and chrome monomodal and bimodal products.
Sales of product from Angarsk into Asia will enter a market made familiar to Innovene S products by the successful start up of three INEOS Technologies' licenses in China earlier this year. This is the first time that INEOS has licensed this process in Russia.
Peter Williams, CEO of INEOS Technologies, commented: "We are very pleased to have been selected as the licensing partner on this project by one of the Russia’s premier Oil & Gas companies. We look forward to working with ROSNEFT to deliver a first class manufacturing asset based on our leading Slurry PE technology".
The companies have now begun the engineering phase of the project.
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