02 October 2011 16:29 [Source: ICIS news]
BERLIN (ICIS)--INEOS will complete its 1m tonne/year ethylene terminal in Antwerp, Belgium, at the start of 2012 and it should be in commercial operation by the middle of the year, Tom Crotty, a board member of the Switzerland-headquartered petrochemical company, said on Sunday.
Speaking on the sidelines of the 45th European Petrochemical Association (EPCA) meeting, Crotty said that construction of the import terminal was well advanced. It will feed the company’s ethylene oxide consumption at Zwijndrecht, Antwerp, and also link into Europe’s ARG pipeline, which joins the Atlantic coast with inland ethylene producers and consumers.
INEOS is a major importer of ethylene in Europe, with an annual requirement of close to 1.5m tonnes/year. The new terminal will allow the company to tap into deep sea ethylene supplies and will meet the bulk of its import requirement. “It’s almost our virtual cracker," Crotty said.
The question of possible third-party access to the terminal and its storage facilities is “to be debated”, Crotty added.
For more on ethylene visit ICIS chemical intelligence
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|
Asian Chemical Connections