INEOS Oxide has announced investment of €200 million into its oxide business, with €150m of this to be spent directly at its Zwijndrecht site, in Antwerp, Belgium.
Projects will increase ethylene oxide storage and distribution, debottleneck plants and increase the production of ethylene oxide (EO) derivatives for the European market.
A sixth alkoxylation unit in Antwerp is due to start up at the end of 2018, along with a 2000 t expansion of EO storage capacity at the site.
The company is also upgrading EO production at Lavéra, France to meet the growing EO needs in Europe.
INEOS also reached an agreement with RWE to buy the Inesco combined heat and power (CHP) plant on the INEOS Zwijndrecht site in Antwerp. The plant ensures a supply of steam as a feedstock to the INEOS plants on the site. The transaction is expected to close before the end of the year, subject to approvals from the relevant regulatory authorities.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/14092018/ineos-invests-200-million-in-its-european-oxide-assets/