INEOS Technologies signs license agreements for its polyethylene technologies for proposed ASCENT petrochemical complex currently evaluated by Odebrecht and Braskem in West Virginia, US

Rolle, Switzerland, 7-10-2014 — /EuropaWire/ — INEOS Technologies announced today that it has entered into license agreements for its Innovene S and Innovene G polyethylene technologies to be used by the proposed ASCENT (Appalachian Shale Cracker Enterprise) petrochemical complex currently being evaluated by Odebrecht and Braskem in West Virginia, United States.

The Innovene G and Innovene S plants produce a full range of linear low density and high density polyethylene with multiple catalysts, serving polyethylene customers with innovative and consistent products.

Peter Williams, CEO of INEOS Technologies, said: “The selection of the Innovene G and Innovene S technologies for this landmark project in the United States is another milestone in the strategic technology partnership between the two companies.  We are looking forward to working with the ASCENT team to deliver a successful world scale polyethylene complex in the Appalachian Region.”

INEOS has also signed polyethylene licensing agreements for Innovene S plants with Braskem-IDESA, which is building the Etileno XXI petrochemical complex in Mexico that is expected to be commissioned in 2015.

ENDS

For further information please contact :

Pete Grant, INEOS Technologies  Telephone + 41 (0) 21 627 7085 Email: peter.grant@ineos.com

Notes to Editors

INEOS Technologies is a leading developer and licensor of technologies for the global petrochemicals industry. It offers the broadest range of petrochemical technologies on the market today and also supplies catalysts, additives and coatings that our customers require to obtain the best possible performance from their investments.

INEOS Technologies’ complete portfolio of leading licensed technologies includes:

• Innovene PP – gas phase technology for the production of polypropylene
• Innovene S – slurry technology for the production of mono and bi-modal HDPE
• Innovene G -swing gas phase technology for the production of LLDPE and HDPE
• BICHLOR – membrane electrolyser technology for chlor alkali production
• Vinyls – technology for the production of EDC, VCM and PVC
• Nitriles – technology for the production of Acrylonitrile and Maleic Anhydride
• Polystyrene – general purpose, high impact and expandable PS technologies