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European petrochemical industry optimistic as major players announce new plans

19/06/2017
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The European petrochemical industry appears to be flushed with optimism as major players including INEOS, Borealis and Dow announce new plans to increase capacity across the continent.
The European Petrochemical industry is set to expand thanks to new plans from chemical majors
The details

INEOS 
INEOS plans an increase in capacity at its ethylene crackers in Grangemouth, Scotland, and Rafnes, Norway of as much as 900,000 metric-tons-per-year. Additionally, INEOS is planning the construction a new propylene plant capable of producing 750,000 metric-tons-per-year of propylene based on propane dehydrogenation technology.

Gerd Franken, CEO INEOS Olefins & Polymers North, has commented on these expansion plans: “These are exciting times for INEOS as we plan to further increase the capacity of our crackers in Europe and at the same time to build an entirely new PDH plant. These expansions and new builds will increase our self-sufficiency in all key olefin products and give further support to our derivative businesses and polymer plants in Europe.”

Borealis 
Borealis is currently undertaking a feasibility study for a propane dehydrogenation plant to be located in Kallo, Belgium. A decision on this plant is expected imminently.

Dow 
Dow has also joined the race to expand its European petrochemical capacity, announcing last month that it will build a 450,000 metric-ton-per-year polyolefins plant to serve Europe’s high-pressure pipe market.
Dow, INEOS and Borealis have announced plans to increase capacity and build new plants across Europe
Reasons for optimism

A new report from Cefic, Europe’s largest chemical industry group, points to brightening prospects for the European petrochemical industry. Last month saw European chemical production reach its highest level for eight years. The industry is also seeing rising demand from the construction sector and other industries, with chemical prices above the previous year’s level for the first time in four years.

Industry commentators have pointed to low-cost ethane sourced from US shale deposits as being an important factor in much of the planned expansion in European capacity.

A growing industry and a growing workforce

As the capacity of the European petrochemical industry grows, the need for an expert petrochemical workforce will also grow. This is where Fircroft can help. We’ve been supplying engineering professionals to the biggest names in the Petrochemical & Chemical industry since 1970. 

Speak to us today, to find out how we can help your business unleash the true potential of your workforce.
 
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European petrochemical industry optimistic as major players announce new plans - Time to read 2 min
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