NUSCALE TO EXPLORE SMR DEPLOYMENT IN JORDAN
NuScale Power announced that it has signed a memorandum of understanding (MOU) with the Jordan Atomic Energy Commission (JAEC), to evaluate NuScale’s...Read More+
Ineos, Europe’s largest petrochemicals company, announces Antwerp as the location for its new ground breaking 3 billion Euro petrochemical investment.
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.
Sir Jim Ratcliffe, Founder and Chairman of INEOS says: “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.”
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.
Sir Jim Ratcliffe, CEO and Chairman of INEOS said: “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.”
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. (Source and image: Ineos)
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