INEOS, a member company of Petrochemicals Europe, announced on 3 July that it would build an ethane steam cracker and a propane dehydrogenation unit in North West Europe. The steam cracker will be the first to be constructed in Europe in over 20 years.

The investment of €2.7 billion is the biggest capital investment ever made by INEOS and the largest made in the European chemical sector for a generation. The plants will benefit from the US shale gas boom.

For further information, please read the press release of INEOS.