INEOS to sell sulphur dioxide business to Ecovyst

INEOS Enterprises has agreed to sell INEOS Calabrian, its ultra-pure sulphur dioxide and derivatives business, to Ecovyst. INEOS Calabrian operates manufacturing sites in Port Neches, Texas, USA and Timmins, Ontario, Canada. Completion of the sale is expected by the end of June 2026, subject to regulatory approvals.

Commenting on the sale, Ashley Reed, Chairman of INEOS Enterprises, said: “INEOS Calabrian has been part of INEOS Enterprises for the past ten years, during which time it has delivered significant improvements in safety, operational performance and financial results. This transaction, valued at $190 million, reflects our disciplined approach to portfolio management – acquiring businesses, improving them at pace, and realising value. Calabrian is a strong, well-positioned semi-speciality chemicals business. However, it is not a core fit within INEOS’s long-term portfolio. Ecovyst is well placed to take the business forward and support its next phase of growth.”