DACH Region to See More than $4 Billion in Petrochemical Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--Europe's DACH region (Germany, Austria and Switzerland) is expected to see US$4.4 billion invested across 351 projects in its petrochemical market, ranging from repairs to capacity expansions, unit additions and grassroot projects. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a full list of detailed project reports.

These include 16 grassroot projects worth US$1.48 billion; 21 unit additions worth US$1.72 billion and 35 plant/unit expansions worth US$345 million.

UPM Biochemicals, a subsidiary of UPM Group, is planning a major investment of US$700 million for a bio-chemicals complex in Leuna, Germany, where it plans to produce bio-monoethylene and bio-monopropylene glycol from wood.

In order to reduce greenhouse gas emissions, INEOS Group AG (London, England) is set to invest US$765 million in a 100-megawatt green hydrogen project at its existing chemical complex in Cologne, Germany, which would accelerate Germany's effort to reach its net-zero goal by 2045.

Click on the image at right for a map of petrochemical projects in Europe's DACH region (Germany, Austria and Switzerland).

Subscribers to Industrial Info's GMI Project Database can click here for a list of detailed reports for projects mentioned in this article, and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).