10 December 2004 17:03 [Source: ICIS news]
LONDON (CNI)--Plans to build new worldscale ethanolamine (EOA) and alkoxylation plants at its Antwerp, Belgium chemicals complex were announced on Friday by Ineos Oxide.
A 160 000 tonne/year EOA plant is due onstream in early 2007 and an alkoxylation unit of at least 50 000 tonne/year will be commissioned around the same time, Ineos Oxide chief executive Bill Reid told CNI.
He said a relatively small but quantified capacity addition would also be made to the 420 000 tonne/year ethylene oxide (EO) plant at Antwerp.
Reid described the investment at Antwerp, which he declined to quantify, as an important step forward in establishing Ineos Oxide as one the of the world's largest producers of EO and derivatives.
"These investments have been under consideration for some time as we have approached maximum plant occupancies both at Antwerp and our EOA facility at Placquemine, Lousiana," Reid explained. "Timing is now right to implement these initiatives, permitting us to support the growth plans of our customers."
Reid said global demand for ethanolamine was now around 1.3m tonne/year and growing at between 5% and 10% a year.
The market is very, very tight and there is no new capacity about to come onstream, he added. "There needs to be 60, 70 or 80 kilotonne of new EOA just to keep pace with growth."
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