Ineos plans three propylene and ethylene expansion programe in Europe to increase self-sufficiency in all key olefin products_by chemwinfo

12 June 2017

ABOUT INEOS

DETAILS

• INEOS is looking at sites across Europe
  including Antwerp in Belgium
  for its new world scale 750,000 tonne PDH plant
  
  
• INEOS is planning to increase
  the capacity of its crackers
  at Grangemouth in Scotland and Rafnes in Norway
  to over 1 million tonnes each.
  
  
• With these cracker expansions,
  INEOS will have added
  up to 900,000 tonnes of ethylene
  to its overall production capacity
  
  
• “These are three major new projects”,
   says Jim Ratcliffe,
   founder and chairman of INEOS.
   “Collectively, it’s the equivalent of
    building a new world scale cracker in Europe”. 

INEOS has today announced plans to construct

a world-scale PDH (Propane Dehydrogenation) unit in Europe.

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 Rafnesin Norway

to over 1 million tonnes each.

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.

Gerd Franken,

CEO INEOS Olefins & Polymers North

“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.”

Jim Ratcliffe

Founder and Chairman of INEOS

“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”.

READ MORE

Media contacts

Richard Longden (INEOS)                    

0041 21 627 7063 or 0041 7996 26123

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