Innovene LLC Information

Innovene was created as a wholly owned subsidiary of BP on April 1, 2005. BP may sell part of its stake in Innovene by way of an IPO later in 2005, subject to necessary approvals and market conditions. Innovene has more than $15bn of revenues, 15 million tonnes of petrochemical production volumes and $9bn in total assets. Innovene's major manufacturing sites include Grangemouth in Scotland, Lav,ra in France, K?ln in Germany and Lima, Chocolate Bayou and Green Lake in the US. SECCO, the joint venture between Innovene/BP, Sinopec and SPC in Shanghai and the largest petrochemical complex in China to date, became fully operational in March 2005. Innovene manufactures petrochemicals, including olefins (ethylene and propylene) and their derivatives such as polyethylene, polypropylene, acrylonitrile, linear alpha olefins, polyalphaolefins, and solvents. These chemicals are used to make a wide variety of plastic goods, including food and drink containers and wrappings, pipe work, automotive parts and mouldings. Innovene also manufactures gasoline, diesel and other refined products in the Grangemouth and Lavera refineries. The company's global headquarters are located in Chicago.