INEOS completed the acquisition of the remaining 50% stake in Naphtachimie, Gexaro, Appryl and 3TC from Totalenergies.

INEOS, a chemical producer, completed the acquisition of the remaining 50% stake in Naphtachimie, Gexaro, Appryl and 3TC, a petrochemical assets located in Southern France, from Totalenergies, a French multinational integrated oil and gas company. Financial terms were not disclosed. "This is a major step forward for the INEOS French and South European businesses. The acquisition will allow us to fully integrate these assets and enhance the competitiveness of our offer. At the same time our goal is to continue to invest in them, including CO2 reduction to meet our Net Zero 2050 commitment," Xavi Cros, INEOS Olefins & Polymers CEO.