INEOS 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.

The JSC Angarsk Polymer Plant will be ideally positioned to deliver specialty and commodity Polyethylene (PE) products for the Russian and Chinese markets using INEOS Technologies’ Slurry PE Technology.

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".

"This award by ROSNEFT recognises the value that our technology offers our licensees and their customers with outstanding process economics, operation robustness and product quality”.

The JSC Angarsk Polymer Plant will provide a broad product range including Bimodal Pressure Pipe ensuring a competitive advantage for ROSNEFT customers both in domestic and global markets.

The companies have now begun the engineering phase of the project.