Ineos to Expand Massively in Europe
Ineos has announced plans to construct a world-scale PDH (Propane Dehydrogenation) unit in Europe. The plant will produce 750,000 t/a of propylene for Ineos units across the continent. A number of possible locations are currently being considered including a number of Ineos sites at Antwerp in Belgium.
The company also Intends to increase the ethylene capacity of its cracker facilities at Grangemouth in Scotland and Rafnes in Norway to over 1 million t each. With these cracker expansions, Ineos will have added up to 900,000 t of ethylene to its overall production capacity
Gerd Franken, CEO Ineos Olefins & Polymers North says: “These expansions and new builds will increase our self-sufficiency in all key olefin products and give further support to our derivative businesses and polymer plants in Europe. All our assets will benefit from our capability to import competitive raw materials from the US and the rest of the world."
Ineos currently produces nearly 4.5 million t of ethylene and propylene across Europe, but remains the largest buyer of ethylene and propylene in the region. In combination, these three major projects will significantly increase the quantities of propylene and ethylene produced by the company in Europe, and will support the continued growth and future profitability of Ineos’ ethylene and propylene derivative businesses.
Jim Ratcliffe, founder and CEO of Ineos, adds: "These projects represent the first substantial investments in the European chemicals industry for many years. It has only been made possible because of Ineos massive USD 2 billion investment in our Dragon Ships programme which allows us to import ethane and LPG from the US in huge quantities”.
INEOS Olefins & Polymers Europe
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