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INEOS to invest Euro 200 mn in oxide business
Industry News- Oct 01,18
INEOS Oxide will investment Euro 200 million into its business, with Euro 150 million of this to be spent directly at its Zwijndrecht site, in Antwerp. This latest round of investment demonstrates INEOS Oxide’s commitment to its European business
INEOS Oxide will investment Euro 200 million into its business, with Euro 150 million of this to be spent directly at its Zwijndrecht site, in Antwerp. This latest round of investment demonstrates INEOS Oxide’s commitment to its European business. Projects will grow Ethylene Oxide storage and distribution, debottleneck its plants and increase the production of Ethylene Oxide derivatives for the European Market.
A sixth alkoxylation unit in Antwerp is due to start up at the end of 2018, along with a 2,000 tonne expansion of ethylene oxide (EO) storage capacity at the site. The company is also upgrading EO production at Lavéra, France to support the growing EO needs in Europe. This phase of investment will improve reliability, efficiency and availability of its business in Antwerp (Belgium) as well as sites in Koln (Germany) and Lavera (France).
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