Ineos supply raw materials BP’s VAM plant in Saltend, UK

Ineos to supply raw materials for BP’s VAM plant in Saltend, UK

5:06 AM, 20th December 2012
Ineos to supply raw materials for BP’s VAM plant in Saltend, UK

SALTEND, UK: Ineos announced a new supply agreement with BP for one of the essential raw materials of the vinyl acetate monomer (VAM) plant located at their joint operations at Saltend, Hull, UK.  The agreement secures the supply of acetic acid and services and participates in maintaining the competitiveness of the VAM plant worldwide. Ineos employs around 50 people across its activities at the site.

The agreement also reinforces the competitiveness of the Hull site as an attractive platform for Chemicals Manufacturing in Europe. The Chemicals Park at Saltend has undergone a major transformation over the past decade for more than £500 million investment from companies located there.

“I am very pleased that Ineos and BP have been able to reach an agreement to supply essential raw materials to this important business, at the Saltend Chemicals Park. I believe this agreement is mutually beneficial to both companies and maintains our competitive advantage in Europe and around the world,” said Ashley Reed, CEO, Ineos Enterprises.

© WOC News 

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