22 November 2005
INEOS ENTERPRISES DOUBLES BIODIESEL PRODUCTION AT
BALEYCOURT
INEOS Enterprises plans to double its biodiesel
production capacity at Baleycourt, Verdun (France) from 110,000
to 220,000 tonnes per year by 2008.
The new biodiesel facility, in the heart of France's
second largest vegetable oil producing region, will be served by
a new grain crushing and vegetable oil refining plant. This will
allow 400,000 tonnes of locally produced rapeseed to be transformed
into oil and then biodiesel.
The investment of over Euros 70 million will
be split between INEOS and its local partners.
This investment is in response to the French
government's commitment to increase significantly the proportion
of "green" fuels used over the coming years. In March
2005, the site obtained a quota to supply the French market with
40,000 tonnes pa, which it hopes to increase before the year-end
during the next round of quotas.
ENDS
Editor's Notes
- INEOS is a leading
global manufacturer of specialty and intermediate chemicals and
comprises 9 businesses each with a major chemical company heritage.
- The INEOS production
network spans 46 manufacturing facilities in 14 countries throughout
the world.
INEOS Enterprises is one of the companies in the INEOS family.
With the recently announced acquisition of Innovene, INEOS is
now the 4th largest independent petrochemicals company in the
world.
- INEOS Enterprises
is a portfolio of six leading businesses manufacturing chemicals
and electrochemical technology products in Northern Europe, with
sales of these products to customers around the world. The Company
is focused on the developing needs of customers and rapid growth
through investment in new products and manufacturing facilities
or by acquisition.
- INEOS Enterprises
has produced biodiesel at Baleycourt for more than 10 years. The
product is strategically important to the Company, underpinned
by an agreement to deliver higher volumes for the fuel industry
in France and Germany over the coming years.
- Also at Baleycourt,
INEOS Enterprises has a successful and growing Esters business,
which serves the plasticiser markets. The site also manufactures
the CERECLORTM range of chlorinated paraffins.
- INEOS Enterprises currently employs
around 450 people worldwide and has an annual turnover of around
Euros 200 million.
For further information please contact:
Mr Frederic Python
INEOS Enterprises
Email: frederic.python@ineoschlor.com
