02-10-2018
INEOS signs agreement for new worldscale PDH unit in Europe
INEOS has today announced the next step of its ambitious plans to construct a world-scale Propane Dehydrogenation unit, together with the first Gas Cracker to be built in Europe for more than 20 years.
After careful consideration, INEOS has selected McDermott’s Lummus CATOFIN® Technology as the operating technology for its planned PDH unit and a License Agreement has now been signed. In parallel, an agreement has been signed with Clariant for the long-term supply of catalyst for the unit.
“In June of this year, INEOS confirmed its plans to build a world-scale Gas Cracker and PDH unit here in Europe,” said Gerd Franken, Chairman of INEOS Olefins & Polymers Europe. “Selection of the PDH technology is an important next step in the development of this mega-project.”
John McNally, CEO of INEOS Project ONE said, “We are pleased to have concluded agreements with both McDermott and with Clariant and look forward to working closely with both partners in the coming months, as we move our PDH project on to the next phase.”
The PDH unit will have a nameplate capacity of 750ktpa of polymer grade propylene and is planned to be commissioned in 2023. Propylene from the asset will feed INEOS’ polypropylene units, as well as a number of other downstream propylene derivative businesses.
“Our plan to build a new Gas Cracker and new PDH unit is a major step-forward for the European petrochemical industry,” said Rob Ingram, CEO of INEOS Olefins & Polymers Europe North. “These new units will be the most cost-competitive in Europe. The ethylene and propylene produced will increase our self-sufficiency in these key products and creates a platform for future growth of our derivative businesses. This is a very visible commitment to our customers in Europe.”
The location for both the Gas Cracker and the PDH unit will be announced later in the year.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024
-
Radix partners with Cleopatra Enterprise to enhance project controls and turnaround management
Radix, a global technology solutions company, announced the signing of a partnership agreement with Cleopatra Enterprise, a leading project cost management software company. ...
16-04-2024
-
Rhône Energies in talks to buy Fos-sur-Mer refinery
Rhône Energies, a consortium of Entara LLC and Trafigura Pte Ltd, has entered into exclusive negotiations to acquire the Fos-sur-Mer refinery and the Toulouse and Villette ...
14-04-2024
-
Cenovus Energy to invest in Toledo and Lima refineries
Canada's Cenovus Energy said it will spend more than $1.5 billion on its 160,000 b/d Toledo and 185,000 b/d Lima refineries in Ohio over the next five years and expand ...
11-04-2024
-
Black & Veatch to proceed for FLNG project in Canada
Black & Veatch’s proven PRICO® liquefaction technology solidifies preferred status in the FLNG market. Global liquefied natural gas (LNG) infrastructure solutions ...
11-04-2024