plans to construct a world-scale PDH
(propane dehydrogenation) unit in Europe which will produce 750,000 tonnes per annum of propylene
units across the continent. A number of possible locations are currently being considered including a number of Ineos
sites at Antwerp in Belgium.
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, said, “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.”
In combination, these three major projects will significantly increase the quantities of propylene
produced by Ineos
in Europe, and will support the continued growth and future profitability of Ineos’ ethylene
Jim Ratcliffe added, “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.”