INEOS Secures Loan to Save $3.7 Billion Cracker Project

GALWAY, IRELAND--October 5, 2023--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--U.K. chemical giant INEOS Limited (London, England) has secured a bridging loan of 400 million euro (US$424 million) to help save its troubled 3.5 billion-euro (US$3.7 billion) low-carbon ethane cracker project in Antwerp, Belgium.

Within this article: Details loan to keep $3.5 billion Belgian project going, permit issues, opposition, scale of project, products, timeline