Ineos to buy TotalEnergies out of French petchem JVs

Ineos is to buy TotalEnergies’ stakes in several 50/50 petrochemical joint ventures the two companies currently operate at Lavera, southern France, with assets including a 720,000 mt/ year steam cracker plus polypropylene (PP) and aromatics plants. The value of the transaction has not been disclosed, with completion expected around the end of 2023, subject to consultation and regulatory approval, Ineos…