- A €2.7 billion project will build an ethane cracker and PDH unit in Northern Europe.
- The project will benefit from US shale gas economics.
- Completion is expected within four years.
- The site location will likely be on the coast of North West Europe.
Investment Overview
INEOS has approved a €2.7 billion capital project to construct a world-scale ethane cracker and a PDH (Propane Dehydrogenation) unit in Northern Europe. These units will leverage the economic advantages of US shale gas.
Project Significance
This will be the first new cracker built in Europe in two decades and is set to be one of the most efficient and environmentally friendly plants of its kind globally. The project aims to enhance INEOS's self-sufficiency in key olefin products and support its derivatives business and polymer plants in Europe.
Timeline and Location
The exact location of the site will be determined soon, with a likely placement on the coast of North West Europe. A dedicated project team is currently evaluating options, and the project is expected to be completed within four years.
Strategic Context
This investment follows a previous decision by INEOS to increase the capacity of its existing crackers. The new project will further solidify the company's ability to import competitive raw materials from the USA and other global sources, ensuring the long-term viability of its European chemical plants.
