MOSCOW (MRC) -- Ineos has announced plans to construct a world-scale PDH (Propane Dehydrogenation) unit in Europe, as per the company's press release.
The plant will produce 750,000 tonnes per annum of propylene for Ineos units across the continent.
A number of possible locations are currently being considered including a number of Ineos sites at Antwerp in Belgium.
Ineos currently produces nearly 4.5 million tonnes of ethylene and propylene across Europe, but remains the largest buyer of ethylene and propylene in the region.
As MRC informed before, in April 2016, Ineos Europe and Rex Energy Corp. said that they had concluded a new natural gas liquids (NGLs) sale and purchase agreement covering ethane, propane and butane. The NGLs will be transported through the Mariner East infrastructure and exported by sea to Ineos's European cracker complexes. Transportation of ethane supplies commenced in April 2016 while propane and butane supplies will start with the completion of Mariner East 2 pipeline in 2017.
Ineos Group Limited is a privately owned multinational chemicals company consisting of 15 standalone business units, headquartered in Rolle, Switzerland and with its registered office in Lyndhurst, United Kingdom. It is the fourth largest chemicals company in the world measured by revenues (after BASF, Dow Chemical and LyondellBasell) and the largest privately owned company in the United Kingdom.
MRC