Ineos has announced it has secured €3.5 billion in financing for its designated Project One, which is being realized at Lillo in the Port of Antwerp, Belgium, and now expected to go on stream in 2026.
Ineos has agreed a fourth joint venture with Sinopec that will see it take a 50% share in the Tianjin Nangang project, which is currently underway and due to go on stream at the end of 2023.
UK-steered petrochemicals giant Ineos has signed long-term charter agreements with Japan’s IINO Kaiun Kaisha line for delivery of two Very Large Ethane Carriers (VLECs) with a volume of 99,000 cbm, initially to supply liquefied natural gas (LNG) to Germany.
Chevron Phillips Chemical (CPChem) and QatarEnergy — formerly Qatar Petroleum — have taken a positive final investment decision on their proposed $8.5 billion joint ethylene/PE complex in the US. They have formed a joint venture called Golden Triangle Polymers, owned 51% by CPChem and 49% by QatarEnergy.
Ineos has tapped Technip Energies to supply proprietary equipment for the 1.45 million t/y ethane cracker the UK group’s Olefins arm is building at Lillo in the Port of Antwerp.
Lummus Technology has launched what it terms “a major enhancement” to its technology that allows ethane-based steam crackers to achieve zero CO2 emissions.
The 1 million t/y ethane cracker built by US-headquartered Bayport Polymers (also known as Baystar), a 50:50 joint venture of Borealis and TotalEnergies, has begun commercial scale production at Total’s refinery in Port Arthur, Texas.
US engineering contractor McDermott International has been awarded a follow-up contract for the ethane cracker complex being built by China National Chemical Engineering & Construction Corporation Seven (CC7) for the Baltic Chemical Plant (BCP) in the Russian Baltic seaport of Ust-Luga.
