Cracker to be sited at Antwerp
Ineos secures €3.5bn for green cracker project
Ethane cracker plant at port of Antwerp to use hydrogen generated as a byproduct of its own ethylene production
Chemicals company Ineos has secured loans totalling €3.5bn ($3.7bn) to help fund the construction and operation of its ‘Project One’ low-carbon ethane cracker at the port of Antwerp in Belgium. In total, 21 commercial banks, including ABN Amro, Barclays, ING and Deutsche Bank have lent to the project, which Ineos says will be Europe’s most sustainable cracker and the continent’s largest chemical sector investment for a generation. Ineos has put the total cost at €4bn. Construction of the project started in December, and commissioning is scheduled for 2026. “Project One is a game-changer for Europe,” says Jason Meers, CFO of the project. “It will bring new opportunities to the chemical cluste
Also in this section
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
8 April 2025
STRATOS project in Texas granted Class IV permits despite deep uncertainty over Trump administration’s readiness to support carbon management tech
8 April 2025
Gulf Energy to provide AIQ with exclusive access to its proprietary datasets and industry-leading documents. ENERGYai is already trained on petabytes of operational data from ADNOC, and this agreement will provide the solution with access to even greater quantities of relevant, high-quality industry information
4 April 2025
Crucial talks at the IMO focus on a two-tier emissions trading scheme combined with a marine fuel standard
