Ineos

Ineos Group Limited is a British multinational chemicals company headquartered and registered in London. it is the fourth largest chemical company in the world. Ineos is organised into about 20 standalone business units, each with its own board and operating almost entirely independently, although founder Sir Jim Ratcliffe and his associates sit on their boards occasionally. Name Ineos is derived from INspec Ethylene Oxide and Specialities, a previous name of the business. It also incorporates one Latin and two Greek words. "Ineo" is Latin for a new beginning, "Eos" is the Greek goddess of dawn, and "neos" is Greek for something new and innovative. As well as being an acronym, Ineos states its name represents the "dawn of something new and innovative". History In 1992, Inspec was formed by Sir Jim Ratcliffe, previously a director of the U.S. private equity group Advent International, and by John Hollowood, for the purpose of executing a management buy-in of British Petroleum's (BP) chemicals arm.