Flemish Minister of Environment Zuhal Demir grants INEOS Olefins Belgium permit for Project ONE

Flemish Minister of Environment Zuhal Demir grants INEOS Olefins Belgium permit for Project ONE

Green light for construction of ethane cracker with lowest carbon footprint in Europe

Flemish Minister of Environment Zuhal Demir has granted the environmental permit to INEOS Olefins Belgium for Project One. This clears the way for the construction and operation of the most sustainable steam cracker in Europe. Preparatory works for the construction are anticipated to start this summer.

In developing this production site in Antwerp, INEOS Olefins Belgium will comply with the most stringent environmental regulations. The site will contribute to the renewal and sustainability of the chemical cluster in Flanders. The ethane cracker of Project ONE will have the lowest carbon footprint in Europe: three times lower than the average European steam cracker and less than half of that of the 10% best performers in Europe.

John McNally, CEO INEOS Project ONE, stated:

"I would like to thank the Minister for her decision. In doing so, Flanders is showing that it is supportive of sustainable investments and economic growth. We have set the bar high and submitted a solid and comprehensive permit. I am proud for our entire team that these efforts have been rewarded with a favorable decision. The urgency of tackling the climate problem is now clear to everyone. With Project ONE, we do not want to stand on the sidelines as an industrial player, but want to make a fundamental difference now. ​ By consistently opting for the best available technologies in our design, we are establishing a new environmental standard within our sector."

Investing in Europe

Project ONE will give a new impulse to the chemical cluster in Antwerp. By bringing technological renewal the company aims to strengthen the resilience of the European chemical industry in a global economy. Over the past twenty years investments of this magnitude (over 3 billion euros) have gone mainly to regions such as China, the United States and the Middle East. ​ INEOS Olefins Belgium is breaking with this trend, and has opted for Antwerp, the region with which it has developed a special relationship since the Group's very first activities were launched in the port of Antwerp. The investment will create 450 direct jobs and thousands of indirect jobs.

Ethylene with the lowest carbon footprint

Today, buyers of ethylene, one of the most widely used base chemicals, are reliant on existing and often outdated plants that use mostly naphtha, a derivative of crude oil, as feedstock. Project ONE, which uses ethane as feedstock, offers an alternative with a substantially lower carbon footprint. Compared to the average naphtha cracker, this amounts to a reduction of 2 million tonnes of CO2 emissions on an annual basis.

From the start closest to just zero

Project ONE is already making a fundamental difference from the start-up by making maximum use of the very best of today's technology. By reusing hydrogen from the cracking process, we are already able to meet 60 percent of the cracker's heat consumption with a zero-carbon energy source. Thanks to the highly integrated systems in the design, the coolness of the raw materials and the heat from the furnaces are optimally used to save energy. In addition, all externally-sourced power is contractually sourced from renewable offshore wind energy.

Thanks to these efforts, the plant will have the lowest carbon footprint of all crackers in Europe from day one. The plant is therefore well ahead in realizing a further reduction of emissions to net zero as soon as new technologies become industrially scalable.

Indeed, the plant design includes the necessary flexibility to integrate other technologies as soon as they become mature, such as carbon capture and storage and increasing the use of hydrogen as a low-carbon fuel to 100% as climate-friendly hydrogen becomes available. Electrification of the crackers will also be considered when the technology becomes industrially applicable.

Project One aims to become climate neutral within 10 years from the start-up of the cracker, using one or more of the above technologies. The target year for operation is 2026 as construction will take approximately 4 years.

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About Project ONE

Project ONE is an investment by INEOS Olefins Belgium in the Antwerp chemical sector for the construction of an ethane cracker. The investment amounts to over three billion euros, making it the largest investment in European chemistry in more than 20 years. The advanced plant will produce ethylene, one of the most widely used base chemicals worldwide and an essential building block for a wide range of products, including medical applications, textiles, computer and smartphone casings, household appliances, food packaging and cosmetics. It is also used in lightweight parts for cars and wind turbines, insulation material for the construction industry and pipes for the transportation of drinking water.

Project ONE will raise the bar for the chemical industry in Europe by deploying the best available technologies. In particular, it will break new ground in terms of energy efficiency and have a carbon footprint that is less than half of the 10% best steam crackers in Europe.

The target year for operation is 2026, as construction will take approximately 4 years. The investment will create 450 direct jobs and thousands of indirect jobs.

More info on : https://project-one.ineos.com

 

 

 

 

About INEOS Belgium

About INEOS (https://www.ineos.com/)

A global manufacturer, INEOS operates 194 sites across 29 countries, generates $61 billion annually and employs over 26,000 people. Complementing our core business, INEOS is making an impact across a range of elite sports and becoming increasingly known to consumers, with the launch of the Grenadier (our uncompromising 4x4) and INEOS Hygienics. 

INEOS' business produces the raw materials and energy used for everyday life. Its products make an indispensable contribution to society by providing the most sustainable options for a wide range of societal needs. For example, preservation of food and clean water; construction of wind turbines, solar panels, and other renewable technologies; for construction of lighter and more fuel-efficient vehicles and aircraft; for medical devices and applications; for clothing and apparel; and for insulation and other industrial and home applications.  

INEOS businesses have put in place the plans and actions needed to ensure that they lead the transition to a net zero economy by no later than 2050, whilst remaining profitable, and staying ahead of evolving regulations and legislation. As part of its greenhouse gas emission reduction strategy, there is widespread goal to move to a more circular economy, in which materials are re-used to their maximum extent.  

About Project ONE

Project ONE is an investment by INEOS in the Antwerp chemical sector for the construction of an ethane cracker. The multi-billion euro investment is the largest in European chemistry in more than 20 years. The advanced plant will produce ethylene, one of the most widely used base chemicals worldwide and an essential building block for a wide range of products, including medical applications, textiles, computer and smartphone casings, household appliances, food packaging and cosmetics. Ethylene is also used in lightweight parts for cars and wind turbines, insulation materials for the construction industry and pipes for transporting drinking water.

Project ONE will set the standard for the chemical industry in Europe by employing the best available techniques. In particular, it will break new ground in terms of energy efficiency and will have a carbon footprint that is less than half of the top 10% steam crackers in Europe.

The target year for operation is 2026 as construction will take approximately 4 years. The investment will create 450 direct jobs and thousands of indirect jobs.

More information on : https://project-one.ineos.com


INEOS Belgium
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