Port of Antwerp in Belgium is investing 3 to 4 billion euros in a project to build an ethylene production facility with an annual capacity of 1.5 million tons
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This post was last edited by Desert Fish on 2022-5-16 at 14:56. The Spanish TR Engineering company has signed a contract with Ineos for a world-class ethylene project in Europe; the scope of the contract includes project management, design, procurement, construction management, and supervision services. The ethylene plant will be built at the port of Antwerp in Belgium, with an annual production capacity of 1.5 million tons; it is expected to be completed by 2026. It is reported that to build the ethylene plant at Antwerp Port, Ineos will invest 3 to 4 billion euros in this project, which will be the largest capital investment in Europe’s chemical industry in the past 20 years. Under the contract, TR Company will assemble a high-quality team; 450 process engineers and chemical engineers will be involved in the project in Madrid, while 225 specialists will be sent to the site in Antwerp and the TR module manufacturing center to oversee the construction. TR will actively promote the participation of Spanish companies in the implementation of these projects, just as it does with other ongoing projects. TR stated that the company views this project as a benchmark for its global engineering efforts.
The port of Antwerp in Belgium hosts Europe’s largest chemical industrial park.
The modular construction of the ethylene project is estimated to be largely in China.
That won’t happen; during the bidding phase for Dehnib, several locations within the United Nations were considered as bidding sites, and in the end TR was the winner. Belgium has specific requirements regarding the proportion of local workers that must be employed. The ethane cracking to produce ethylene module project has just been completed in China by Mobil.
TR Company will assemble a high-caliber team; 450 process engineers and chemical engineers will be involved in the project in Madrid, while 225 specialists will be sent to the site in Antwerp and the TR module manufacturing center to oversee the construction work.
This only discusses ethylene; it doesn’t cover the downstream processes, and it’s not clear whether ethylene is produced from ethane
So this investment does not include the downstream sector, and is the downstream sector handled by other investors? ? ? ?
For such a large project, the scope of the contract includes project management, design, procurement, construction management, and supervision services; 700 people is not a large number. Many domestic companies (including those that supply equipment and modules) are qualified suppliers for TR.
An investment of 3 to 4 billion euros is likely required for the entire ethylene project, including the downstream aspects.
In that case, it might be in China, after all, labor costs in Europe are too high and efficiency is low as well