Mitsui Chemicals’ Mitsui Phenols Singapore has been taken over by Ineos Phenol as its assets are in line with the company’s existing asset portfolio. The deal also provides integration opportunities with Ineos’ manufacturing sites in Germany, Belgium and the U.S.
With this deal, Ineos Phenol will add more than 1 million tonnes of production capacity annually to its existing chemical business. This includes cumene (410 ktpa), phenol (310 ktpa), acetone (185 ktpa), alpha-methylstyrene (20 ktpa) and bisphenol A (150 ktpa).