14 January 2019
DETAILS
The €3 billion investment
will be the biggest ever made by INEOS
and is first cracker to be built in Europe
in 20 years.
The investment is a game changer
for the chemical sectors and will bring huge benefits
to the Belgium and wider European economies.
INEOS has today 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.
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 centres.
Sir Jim Ratcliffe,
Founder and Chairman of INEOS
“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 sector.”
John McNally,
CEO of the Project
“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.”
Rob Ingram,
CEO INEOS Olefins & Polymers Europe. North
“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.”
READ MORE
Media contacts
Richard Longden (INEOS) 0041 21 627 7063 or 0041 7996 26123
Mark Killick (Media Zoo) 020 7384 6980 or 07836 634449
Andrew McLachlan (Media Zoo) 020 7384 6980 or 07931 377162
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