Ineos has finalized Belgian port of Antwerp as the location for a previously announced Eur3 billion ($3.43 billion) investment in two new petrochemical plants. UK-based Ineos announced plans last July to construct a propane dehydrogenation unit and an ethane cracker in Northwest Europe. he PDH unit will produce polymer-grade propylene, which will feed the company's polypropylene units, as well as other downstream propylene derivative businesses.The PDH unit alone will have a total capacity of 75,000 mt/ year and is planned to be commissioned in 2023, the company said previously. In addition, the complex will be connected by pipeline to a number of Ineos' ethylene and propylene derivative plants in the region.
