11.05.2022 • News
Tecnicas Reunidas Wins Ineos Cracker Project
Spain’s Tecnicas Reunidas has won a contract for Ineos’ ethylene cracker project in Antwerp, Belgium. The scope of work includes project management, engineering, procurement and construction management and supervision services. The value of the contract was not disclosed.
At peak time, Tecnicas will have 450 people in Madrid working on the project, which is dubbed Project One, plus another 225 at fabrication yards near the Antwerp site for the large-scale modules.
Ineos is investing between €3 billion and €4 billion in the facility, which will produce 1.5 million t/y of ethylene when it starts up in 2026. The chemicals group claims it is the largest capital investment made by the European chemical industry in the past 20 years.
Author: Elaine Burridge, Freelance Journalist
Photo by Evgeniy Surzhan on Unsplash
