INEOS, world’s night largest chemical producer, based in London UK is spreading its leg in other sectors including gas& oil, fashion, apparels.
The company has strong hold in chemical business with a yearly sale of around $40bn having around 18500 employees across 22 countries. Recently INEOS has purchased majority stakes in 2 licences allowing it to explore in the North Sea where it believes to have huge oil and gas reserves. It has made a deal with Siccar Point Energy for this.
This licence will add to its already existing stakes in the southern North Sea, which it got under its wings when it took over Denmark’s DONG Energy in the beginning of the year.
This deal has made INEOS one of the top 10 IK manufacturers and the largest private producer.
Recently, it has acquired a motorcycle wear brand named Belstaff along with bought Swiss football club Lausanne-Sport.