Ineos completes buyout of BP petrochemical businesses

Aromatics provides the building blocks for the global polyester industry, key to fibres, films and packaging.

Chemicals giant Ineos has bought part of BP’s business. Picture: PA

Manufacturing giant Ineos has completed a multibillion-pound purchase of petrochemical businesses from BP.

The company has bought BP’s global Aromatics and Acetyls arms for £3.66bn (€4.1bn).