European Ethylene Market Sees New Investments, an Industrial Info Market Brief
European Ethylene Market Sees New Investments, an Industrial Info Market Brief
The European ethylene market is in the limelight following a number of new investments announced by some market players. INEOS announced plans for new projects in northern Europe; the location will be revealed in the coming days at a value of 2.7 billion euros, comprising an ethane-based cracker and a propane dehydrogenation (PDH) plant. There are grassroot options and possible expansions of existing facilities being considered.
INEOS has approved an ethylene capacity increase at its Grangemouth Plant in Scotland. A new furnace will be fed by ethane and is expected to start commercial production in late 2020 or early 2021.
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