Billionaire Ratcliffe plots sale of Ineos Hygienics arm

Billionaire Ratcliffe plots sale of Ineos Hygienics arm
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Billionaire Ratcliffe plots sale of Ineos Hygienics arm
Published: Feb, 04 2025 11:17

Summary at a Glance

"INEOS Hygienics is the official supplier of hand sanitation products to international sporting teams including Mercedes-AMG Petronas F1 Team, Tottenham Hotspur FC, INEOS Grenadiers and INEOS TEAM UK, helping to ensure that teams can continue to compete safely and with confidence.".

Ineos did not respond to a number of emailed requests to its media relations department but says on its website: "As Europe's largest producer of high-purity synthetic ethanol, INEOS was in a unique position to respond to the global shortage of hand sanitiser when the pandemic struck in March 2020.

Sky News has learnt that the billionaire petrochemicals tycoon has instructed advisers to launch an auction of Ineos Hygienics, which was created during the pandemic, establishing six factories within ten days to address a global shortage of sanitising products.

Interpath's role in managing the sale of Ineos Hygienics is unsurprising given its increasingly close ties to Sir Jim.

"Manoeuvring quickly to establish six new factories across the UK, US and Europe in just ten days, the company has distributed millions of bottles of hospital grade hand sanitiser to thousands of NHS, medical institutions and front-line health care workers around the world, for free.

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