- In March 2022, INEOS entered into an agreement to acquire a 50% stake in Shanghai SECCO Petrochemical Company Limited, a subsidiary of China Petroleum & Chemical Corporation. SECCO operates a 200-hectare facility in the Shanghai Chemical Industry Park, with a production capacity of 4.2 MMT of petrochemicals, including benzene, ethylene, propylene, polyethylene, polypropylene, styrene, polystyrene, butadiene, and toluene. This acquisition is expected to strengthen INEOS' position in the Chinese benzene market, enhancing its access to key feedstocks and increasing production capacity industries
- In January 2021, Covestro received its first delivery of 2,000 tons of ISCC Plus-certified sustainable benzene, marking a significant step toward sustainable raw material sourcing in the benzene market. By utilizing this drop-in solution, Covestro is integrating alternative feedstocks into its production processes, enabling more eco-friendly manufacturing of insulation boards, automotive components, and cooling units. This development highlights the growing shift toward sustainable benzene sourcing, driving innovation and reducing the environmental footprint of benzene-based products
