05 December 2005 15:40 [Source: ICIS news]
LONDON (ICIS news)--Northwest Europe’s planned propylene pipeline network will be delayed until the end of the decade in an attempt to keep costs down, the head of the pipeline development company said on Monday,.
“We are re-assessing the timescale of the project”, Rudi Demeuse, managing director of the European Pipeline Development Corporation (EPDC) told ICIS news. “We were hoping to start in 2007 but are now looking at a delay of two to three years.”
Demeuse said that scheduling of completion of the network was aggressive from the start and as such had proved too expensive to pursue.
EPDC was focused now on detailed engineering for the project and on permitting, he said.
Permitting, which involves many local government authorities was proving to be a lengthy process, he added.
The propylene pipeline network was planned to run from Antwerp in Belgium through Pernis, Moerdijk and other locations in the Netherlands and finally into Germany. Cost estimates for the project have risen by more than 50% forcing the consortium to review the project.
The EPDC was set up by BASF, Celanese, Degussa, DSM, Innovene, Sabic Europe, Sasol and Shell.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|