Report
Carbon Capture and Storage
Energy Policy
Hydrogen
Petrochemicals
Renewables
Transition
Wind
Belgium
Europe
INEOS Proposed Cracker Plant for Antwerp
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Key Findings
The Project ONE ethane cracker plant project faces weak profit margins, decreased demand from increased recycling and a strengthening of existing plants as companies invest in upgrades.
INEOS Group's proposed Project ONE ethane cracker plant in Antwerp, Belgium, is a risky venture in an already well-supplied market. If approved, the project would appear to be at odds with the European Union's aggressive long-term goals to decrease fossil fuels in plastics production and to curb single-use plastics.
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