INEOS has chosen the port of Antwerp, Belgium as the location for a mega-investment of €3 billion representing 400 new jobs.
The capital outlay is the largest in the European chemical industry in the past two decades.
Earlier this year INEOS announced that it planned a large-scale investment for further expansion of its chemical production facilities. Various European locations were considered, but ultimately the British chemical group opted for Antwerp.
INEOS plans to build a brand-new propane dehydrogenisation (PDH) plant and an ethane cracker unit in Antwerp. These will respectively convert propane into propylene and ethylene as the raw materials for chemical products that find their way into many industries including car manufacturing, building construction, clothing, cosmetics and personal grooming products, pharmaceuticals, electronics and packaging materials.
The plants will be built on the existing INEOS site in Lillo in the port area and on neighbouring grounds. For this purpose INEOS will take over unused parts of concessions held by neighbouring companies. In this way the new plants will be connected by pipeline to various INEOS ethylene and propylene derivative units elsewhere in Europe.