INEOS Plans Massive European Expansion Programme
INEOS announced plans to construct a world-scale PDH unit in Europe (PDH - Propane Dehydrogenation: a process step in the production of propylene from propane) The plant will produce 750,000 tonnes per annum 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.
INEOS also Intends to increase the ethylene capacity of its cracker facilities at Grangemouth in Scotland and Rafnes in Norway to over 1 million tonnes each.
Gerd Franken, CEO INEOS Olefins & Polymers North says: “These are exciting times for INEOS as we plan to further increase the capacity of our crackers in Europe and at the same time to build an entirely new PDH plant. 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 tonnes 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 INEOS in Europe, and will support the continued growth and future profitability of INEOS’ ethylene and propylene derivative businesses.
Jim Ratcliffe 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 $2 billion investment in our Dragon Ships programme which allows us to import ethane and LPG from the US in huge quantities”.
Categories
Chemical substances
Countries
Companies
Latest news
BASF, SABIC, and Linde celebrate the start-up of the world's first large-scale electrically heated steam cracking furnace at Ludwigshafen demoplant, Germany
BASF SE, Ludwigshafen →Demonstration plant with 6 megawatts input of renewable electrical energy to test material behavior and process on an industrial scale. Joint development and construction of electric steam cracking...
Topsoe to supply technology for Cepsa's 2G biofuels plant in Palos de la Frontera, Spain
Cepsa and Bio-Oils’ new plant will begin production in 2026 and is expected to produce 500,000 tons of Sustainable Aviation Fuel (SAF) and renewable diesel annually. Topsoe will deliver its HydroFl...
BASF has successfully started operating its prototype metal refinery for battery recycling in Schwarzheide, Germany
Innovative technology extracts lithium, nickel, cobalt, manganese and copper from end-of-life lithium-ion batteries and battery production scrap. Plant represents further milestone in building Euro...
Mol inaugurates the largest green hydrogen plant of the region at the Danube Refinery in Százhalombatta, Hungary
MOL produces 1600 tonnes of green hydrogen per year using electricity from renewable sources. The plant will reduce carbon dioxide emissions of the Danube Refinery by 25 000 tonnes. With the introd...