INEOS announces location for new petrochemical investment
The €3 billion investment will be the biggest ever made by INEOS and is
The investment is a game changer for the chemical sectors and will bring huge benefits to
Sir Jim Ratcliffe, Founder
INEOS announced that Antwerp, Belgium will be the location for its multi-billion Euro project for an ethane gas cracker and world-scale PDH unit in Europe. The €3 billion investment is the largest investment in the European chemicals sector in 20 years and could be a game changer for the Belgium economy.
Sir Jim Ratcliffe, CEO
The new petrochemical complex will be co-located with INEOS’ existing sites in Europe making polymers and will be connected by pipeline to a number of INEOS ethylene and propylene derivative units in the region.
INEOS already has a major presence in Belgium, employing 2500 people across 9 manufacturing sites, with 6 of these located in Antwerp and 3 Research and Technology centers.
“The selection of Antwerp as a location for these new assets is a significant step forward for the development of this project. This decision builds upon our long-standing relationship with the Port of Antwerp, the City of Antwerp, and the governments of Flanders and Belgium," John McNally, CEO of the Project said.
“The addition of these world-scale assets, using cutting edge technologies that are also highly energy efficient, will give us a competitive and sustainable cost base. We believe this will significantly strengthen the whole of the ethylene and propylene derivative chains within INEOS and allows us to continue to support the growth and development of our customers for years to come," Rob Ingram, CEO INEOS Olefins & Polymers Europe. North said.
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