Jim Ratcliffe still controls the chemicals firm he founded in 1998
(Picture: AFP via Getty Images)UK billionaire Sir Jim Ratcliffe’s company Ineos is buying a fellow chemicals firm in Singapore for $330 million, in a move that takes one of its main businesses into the Asian market.
Ineos Phenol will buy Mitsui Phenols Singapore from Mitsui Chemicals of Japan, adding over one million tonnes of production capacity to the group for compounds used to make materials used to make plastics, synthetic fibres such as nylon and solvents.
