INEOS chooses Antwerp

Monday 28 01 2019

Largest investment in the European chemical industry in 20 years

INEOS announces mega-investment in Port of Antwerp

INEOS, one of the largest chemical concerns in the world, has chosen the port of Antwerp as the location for a mega-investment worth 3 billion euros. The investment which will create 400 new jobs is the largest in the European chemical industry in the past two decades.

By securing this large-scale investment project Flanders confirms its position as a leading chemical region, while the port of Antwerp reinforces its role as the largest chemical cluster in Europe.

Largest investment in the European chemical industry in 20 yearsEarlier this year INEOS announced that it was planning a large-scale investment as part of the further expansion of its chemical plants. Various European locations were shortlisted, but ultimately the British chemical group opted for Antwerp. INEOS plans to build a brand-new propane dehydrogenation (PDH) plant and an ethane cracker in Antwerp, which will respectively convert propane into propylene and ethane into ethylene. These two substances are essential raw materials for other chemical products that find their way into many other sectors such as car manufacturing, building construction, clothing, cosmetics and personal grooming products, electronics and packaging materials.

Read the full press releaseĀ