Ineos Oxide has announced plans to invest €200 million into its European business, with €150 million for its Zwijndrecht site in Antwerp.
Projects include growing ethylene oxide storage and distribution, debottleneck its plants and increase the production of ethylene oxide derivatives from 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 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 Köln, Germany and Lavéra, France.
Additionally, an agreement has been reached with RWE to but the Inesco Combined Heat and Power Plant on the Ineos Zwijndrecht in Antwerp.
Graham Beesley, CEO of Ineos Oxide, says: 'We are marking Ineos' incredible global success at the place where it all began 20 years ago. To highlight our ongoing commitment to ethylene oxide, the first business to be bought by Ineos, we are announcing European investment of €200 million, with €150 million to be spent here at the Zwijndrecht site in Antwerp.'
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