The €3 billion investment will be the biggest ever made by INEOS and is first cracker to be built in Europe in 20 years.
The investment is a game changer for the chemical sectors and will bring huge benefits to the Belgium and wider European economies.
Sir Jim Ratcliffe, Founder and Chairman of INEOS says: “Our investment in a gas cracker and world-scale PDH unit is the largest of its kind in Europe for more than a generation and is an important development for the European petrochemical industry. We believe this investment will reverse years of decline in the sector.”INEOS has today announced that Antwerp, Belgium will be the location for its multi-billion Euro project for an ethane gas cracker and world-scale PDH unit in Europe. The €3 billion investment is the largest investment in the European chemicals sector in 20 years and could be a game changer for the Belgium economy. Read more