Ineos chooses Belgium €3 billion European project

Ineos chooses Belgium for €3 billion European project

6:42 AM, 16th January 2019
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ANTWERP, EUROPE: Ineos has 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.

“Our investment in a gas cracker and world-scale PDH unit is the largest of its kind in Europe for more than a generation and is an important development for the European petrochemical industry. We believe this investment will reverse years of decline in the European chemicals sector,” said Sir Jim Ratcliffe, CEO and Chairman of Ineos.

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.

“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,” said John McNally, CEO of the Project.

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