As part of project one, INEOS is building a steam ethane cracker that will have the lowest carbon footprint in Europe.
CONSTRUCTION of the most environmentally-sustainable cracker in Europe has been given the go-ahead – and INEOS is now poised to start work on it. The granting of an environmental permit by The Province of Antwerp cleared the way for INEOS to build its state-of-the-art ethane cracker on the bank of the River Scheldt at Lillo in Belgium.
- 2x More efficient than the best european cracker
- 3x More efficient than the average european cracker
- 5x More efficient than the worst european cracker
“The urgency of tackling the climate problem is now clear to everyone,” said John McNally, CEO of Project ONE.
“We do not want to stand on the sidelines as an industrial player. We want to make a fundamental difference as of today.”
The cracker will be built using the very best of today’s technology.
But it will also be designed so that it can take advantage of technologies that don’t even exist yet.
Construction is due to start in 2023 and could take up to four years.
Once work starts, INEOS will have to comply with some of the strictest environmental regulations in the world.
But the knock-on effect of the Project ONE cracker, which will have the lowest carbon footprint in Europe, will be felt throughout the region.
“It will set the standard for all steam crackers,” said Jonas Byns, lead process engineer in the cracker team of Project ONE.
The cracker will generate about one and a half million tonnes of ethylene – an essential chemical used in everything from cosmetics, textiles, computers, smartphones, household appliances to food packaging and medical applications.
But it will produce it with less than half the CO2 emissions compared to the current 10% of the best European crackers.
“If we compare the Project ONE ethane cracker with all other European crackers within the European Emission Trading System (ETS), we literally see the standard shifting,” said Jonas.
“The benchmark is determined by the 10% best-performing production sites. Once our ethane cracker is operational, it will affect the benchmark.”
He said that would either encourage others to make additional, sustainable investments or face hefty emission fines.
As it stands, Project ONE remains the largest investment in the European chemical sector in more than 20 years.
But INEOS hopes its €3 billion investment will help to strengthen the resilience of the European chemical sector in a global economy.
“Over the past 20 years, investments of this magnitude have gone primarily to regions such as China, the United States and the Middle East,” said John.
“INEOS wants to break that trend.”
The investment in the new plant in Antwerp – birthplace of INEOS more than 20 years ago – is expected to create 450 direct jobs and thousands of indirect jobs.
‘It will set the standard for all steam crackers’ - Jonas Byns, lead process engineer in the cracker team of Project ONE