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Ineos USA Manufacturing LLC vs Ineos USA LLC

Entity
INEOS USA LLC
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Braun, Uwe
10/4/2024 3:01 PM

Kokel, Nicolas 

I don't think this is the right company (name), respectively the name is not Ineos USA MANUFACTURING LLC. It probably is Ineos USA LLC.

For instance, the O&P US operations at Chocolate Bayou reference on the websites Ineos USA LLC.

Also the address is probably of an (COT) Agent, whatever that is.

Where do you have the company name from?

I haven't changed it yet, as I am looking for more confirmation, but it is important, we get this setup properly, together with the shareholding.

 


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Kokel, Nicolas
10/4/2024 7:21 PM

INEOS Holdings Ltd 2020 Annual Report

p. 24

The Company has the following investments in subsidiaries, associates and jointly controlled entities:
../.. (p. 26)
INEOS USA LLC
INEOS USA MANUFACTURING LLC

p. 33

Registered address appendix of subsidiaries, associates and jointly controlled entities:
INEOS USA Manufacturing LLC

Considering the number of US subsidiaries and entities, it is highly probably USA Manufacturing is owned by an intermediate.

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Kokel, Nicolas
10/4/2024 7:02 PM

INEOS USA Manufacturing LLC

INEOS USA Manufacturing LLC is a global manufacturer of chemical products such as petrochemicals, speciality chemicals and also oil products. It is made up of 15 different businesses, with a production network involving 60 manufacturing plants across 13 countries. INEOS maintains the philosophy of a simple and de-centralised organizational structure in order to motivate and encourage employees.

To my understandingbased on this description, all manufacturing plants in USA belong to USA Manufacturing LLC, which itself may be a direct or indirect subsidiary of Ineos USA LLC. 

 
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Kokel, Nicolas
10/4/2024 6:58 PM

As mentioned Ineos O&P is a business unit of Ineos, not necessarily a registered company. You can check it here: https://mycpa.cpa.state.tx.us/coa/coaSearchBtn
by typing in INEOS.

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Braun, Uwe
10/4/2024 3:41 PM

I haven't gotten to the bottom either. It seems to me, the actual company is Ineos USA LLC, owned by Ineos Group Holdings.

We need to link these operations to Ineos, and I suggest to just go ahead and apply Ineos USA LLC and write a caveat, that it needs to be confirmed.

Kokel, Nicolas 

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Kokel, Nicolas
10/4/2024 3:37 PM

INEOS USA is as much confusing as elsewhere.
In fact, there is a lot of confusion between business units and legal entities. 
For our purpose, we should consider legal entities, i.e. registered companies, but not business units.
Also many company names have changed.
In particular, manufacturing sites are owned by manufacturing companies of INOES instead of the business unit to which they belong.
Please have a look at what I have done in Europe with references to registered companies details.
For US listed company you can go here and type 'Ineos' (or 'Inovyn' as well).
USA LLC is probably the umbrella company in the US, and even this is not sure. The product companies (Ineos intermediates, olefins, polyethylene, etc...) are typically commercial companies selling the products; this is how they are named in Europe.
My best guess is that the US manufacturing sites belong to US Manufacturing LLC the same way that e.g. Belgian manufacturing sites are owned by Ines Manufacturing Belgium...



 

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Braun, Uwe
10/4/2024 4:22 PM

I have now changed the name to Ineos USA LLC and created the shareholding. This way, we have it in our Ineos Hierarchy. But some of the sites may be part of different US Entities, Ineos P&P USA.