INEOS Oxide Antwerp investment in deep sea Ethylene Terminal
INEOS Oxide has today confirmed its plans to build and operate a new one million tonne per annum Ethylene Terminal, to be constructed at its Zwijndrecht facilities in Belgium. Operation of the new deep-sea terminal, which is expected to start in 2012, will significantly change the shape of the ethylene market in Europe.
Once completed, the new INEOS Terminal will be connected directly to INEOS’ ethylene consuming facilities in the Antwerp Rotterdam Area and into Europe via the ARG ethylene pipeline (formerly Aethylen-Rohrleitungs-Gesellschaft pipeline) linking Antwerp to Cologne and the Ruhr industrial areas.
“The INEOS Group is the largest consumer of ethylene in Europe and I am pleased to confirm this significant investment at our Antwerp facility,” said Hans Casier CEO INEOS Oxide. “The new terminal secures the competitiveness of our site and underlines the importance of our production facilities in Antwerp, located at the heart of the largest Petrochemical area of Europe.
“Additionally by connecting INEOS Olefins & Polymers Europe and the INEOS Oligomers LAO/PAO facility in Belgium to the new terminal, INEOS will be able to efficiently balance its ethylene requirements over its facilities in Europe.
“It is also clear the new INEOS Ethylene Terminal will re-shape the ethylene market in Europe, opening up a new gateway to world markets”, he concluded.
Related parks
Categories
Investments
Chemical substances
Countries
Companies
Latest news
Clariant's MegaMax™ 900 catalyst: Powerful start at European Energy's e-methanol plant
European Energy successfully started up their e-methanol plant in Kasso, Denmark, using Clariant’s MegaMax 900 catalyst. The Power-to-X plant is one of the world’s first and currently largest comme...
Kazakhstan’s largest petrochemical project: first piles driven for polyethylene plant in Atyrau
The construction of the plant, which has a capacity of 1.25 million tons of polyethylene per year and an investment of approximately 7 billion US dollars, is expected to be completed by 2028, with ...
Vynova Alkoxides GmbH awards first basic engineering contract for new alcoholates plant at the Lülsdorf site in Germany.
Vynova starts the construction of a new alcoholates plant at the Chemiepark Lülsdorf. A contract for basic engineering has been awarded to an external engineering company for finalising the basic d...
Norway: TotalEnergies and partners launch the 2nd phase of Northern Lights CCS project
Northern Lights will increase its CO2 storage capacity to more than 5 Mt per year. Northern Lights signed a commercial agreement with Stockholm Exergi for transport and storage of 900 kt CO2/y, fro...