Insight
INEOS selects Antwerp for 3 billion Euro olefins investments
Report summary
INEOS has made a public announcement that it has selected Antwerp as the location for its 3 billion Euro olefins investments. The investment consists of a world-scale propane dehydrogenation plant (750ktpa) and world-scale ethane cracker (likely 1000-1250ktpa). INEOS is investing in the new production facilities in order to provide cost competitive monomers for its large existing derivative portfolio. The investments are expected to significantly reduce, but not eliminate INEOS’ current net buying positions for both ethylene and propylene. These investments are not only transformational for INEOS, but highly significant for the European petrochemical industry as a whole. This insight highlights why Antwerp is a logical choice for the olefins investment and the wider market considerations on the European ethylene market.
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