- Project ONE in Antwerp is the largest European chemical investment in 25 years.
- Construction of the ethylene cracker is prioritized, with the propylene plant delayed.
- The ethane cracker will use the best available technologies and renewable energy.
- The new cracker will have less than half the CO2 emissions of similar plants in Europe.
Project ONE Overview
INEOS confirmed its commitment to Project ONE in Antwerp, marking the largest investment in European chemistry in the past 25 years. The project involves the construction of an ethylene production cracker and a propylene plant.
Rescheduling Construction
The company has rescheduled the construction timeline, prioritizing the ethylene cracker while delaying the propylene plant to a later stage. This adjustment aims to optimize the project's efficiency and impact.
Technological Advancements
The ethane cracker will incorporate the best available technologies, ensuring the highest efficiency in raw material and energy use. It will also feature a CO2 emission rate less than half of the best-performing similar plants in Europe.
Environmental Impact
Designed to maximize the use of hydrogen as a fuel and operate with 100% renewable energy, the new cracker will significantly reduce the CO2 footprint compared to current ethylene imports from other regions.
