02 December 2011 15:26 [Source: ICIS news]
LONDON (ICIS)--INEOS Oxide has nominated three sites on the US Gulf coast as possible locations for its planned 500,000 tonne/year ethylene oxide (EO) and derivatives capacity investment, INEOS said on Friday.
The Switzerland-registered chemicals major also said that operation of its new deep-sea ethylene terminal at its Zwijndrecht facilities in Belgium is expected to start in 2012, as planned.
INEOS said that it would choose between Plaquemine, Louisiana, Battleground, La Porte in Texas and Chocolate Bayou, also in Texas, in a detailed study for the EO, glycol (EG) and derivatives plants.
“It is a market we know well, where INEOS Group already has a well-placed manufacturing presence that is capable of taking full advantage of competitively priced feedstock,” he added.
"We are very excited about the project, which will be of a world scale size of at least 500,000 tonnes/year of EO with appropriately sized glycol and derivative units,” Casier said.
“The Battleground, Chocolate Bayou and Plaquemine sites have proved to be front runners in the screening study carried out so far. We envisage making a decision on the final location early next year and proceeding with detailed engineering. Start up of the new complex is foreseen at the end of 2014."
INEOS is a major importer of ethylene in Europe, with an annual requirement of close to 1.5m tonnes/year. The new ethylene terminal in Belgium will allow the company to tap into deep sea ethylene supplies and will meet the bulk of that requirement.
($1 = €0.74)
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