Economy The British chemical group Ineos is about 2.7 billion euro to invest in two new factories in the port of Antwerp. That writes The Time today. There are still discussions with the Antwerp Port authority about the rearrangement of a few concessiegronden, but the main hurdles.
According to the newspaper it is the largest investment in the European chemical industry in twenty years and the largest ever for the company. They would be about 500 jobs.
Read also the Sixth record in a row for the port of Antwerp Cracker
The spearhead of the investment on the Antwerp right bank is the construction of a cracker, which ethaangas turnover in ethylene, a major basic raw material for the chemical industry. It is twenty years ago that there was a cracker on the European mainland was built. At the same location, there could also be a propane-dehydrogenatiefabriek (PDH), in which propane is converted into propylene, a key raw material for the plastics industry.
Port of Rotterdam
Ineos was also in talks with the port of Rotterdam for Antwerp have chosen, because of its location, writes The Time. The majority of the production of the two new plants is intended for the chemical companies in Antwerp.
The construction of the plants may take four to five years.
