EC 295-762-6
chemXplore tracks 1 project producing hydrocarbons, C5-8, of which one is active.
Of the active ones, 1 new construction.
First of two final heavy modules reached Antwerp after months trapped in the Strait of Hormuz; second expected shortly as installation and commissioning enter peak phase.
Warns China is dumping excess chemical capacity into Europe, calls for faster trade safeguards and ETS Investment Booster support for Project ONE (€5bn) low‑carbon ethylene.
€4.5bn for a new Antwerp ethylene cracker cutting CO2 by two‑thirds vs EU average; no Innovation Fund support. If ETS Booster won’t back it, Europe risks losing large-scale petrochemical investment.
Hydrocarbon reserves stable; oil and gas production up. Oil transport steady; refining and polypropylene output increased.
The partnership focuses on hydrocarbons exploration, tech innovation, and crude trading, aiming to enhance international portfolios and foster educational ties.
A significant oil find in the North Sea, with up to 134 million barrels, advances ORLEN's 2035 Strategy. Advanced drilling tech and geo-steering enhanced exploration success.
Sir Jim Ratcliffe urges the EU to address high energy costs, carbon taxes, and lack of renewal in the chemical sector to prevent further offshoring and industrial decline.
The environmental permit approval enables the construction of Europe's most sustainable ethane cracker, significantly reducing carbon emissions and supporting the renewal of the chemical cluster in Flanders.
The new Antwerp cracker will have the lowest carbon footprint in Europe, use low carbon hydrogen, and create 450 jobs. Supported by 21 banks, the €3.5B financing includes €1.5B uncovered debt.
Symbolic sheet piling marks start of works for a €4bn ethane cracker in Antwerp; construction will last four years with commissioning targeted for 2026.
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