INEOS announced that INEOS Olefins and Polymers USA has agreed to enter into an Agreement in Principle with Sasol in Together Chemicals North America LLC 4.04 to enter into an Agreement in Principle to acquire a 50% membership interest in Gemini HDPE LLC (Gemini). Membership interest. Gemini is a contract manufacturer of bimodal high density polyethylene (HDPE) products serving the rapidly growing pipe and film market. Gemini is owned by INEOS (INEOS) The INEOS Battleground Manufacturing Complex is located in La Porte, Texas. Subject to financing, the proposed acquisition is expected to close by the end of this year, with 100% integration of ownership and all marketing operations into INEOS to be completed by the end of this year. Michael Nagle, INEOS OP USA, commented: “We are delighted to have the opportunity to acquire half of Sasololl’s Gemini assets, with the aim of serving the growing global bimodal market and to position our business to meet the needs of INEOS’ demanding group of customers. As one of the world’s leading petrochemical companies, INEOS is a world-leading technology company with a variety of downstream polymer production facilities that will increase its global HDPE market share and enhance its ability to respond to the fast-growing global polymer market. End uses include food packaging, automotive, pharmaceutical packaging, thermoforming, pressure piping, blow molding, caps, seals and films.