Ineos Awards Wood Contract for Belgium Cracker Project
INEOS has awarded Wood a contract for its landmark project to build a propane dehydrogenation (PDH) unit and ethane cracker at Antwerp, Belgium, Wood reported Monday.
Under the contract, Wood will act as program management partner for the duration of the project and oversee the execution of the new petrochemicals complex, the company stated. Wood added that the contract will be delivered effectively immediately by the company’s multidisciplinary capital projects team in Reading, U.K. and onsite in Antwerp.
“We are delighted to support INEOS as part of an integrated project management partnership to deliver this strategically important development for the European petrochemicals industry,” Dave Stewart, CEO of Wood’s Asset Solutions unit in Europe, Africa, Asia and Australia, commented. “We will bring our renowned project management capability in delivering large-scale capital projects and extensive track record of providing engineering, procurement and construction services globally, to this contract.”
According to a Jan. 14, 2019, announcement from INEOS, the 3 billion-euro Antwerp facility represents the largest investment the company has ever made and will be Europe’s first new cracker in two decades. INEOS has also stated the complex could be a “game-changer” for Belgium’s economy and reverse a years-long decline in Europe’s petrochemicals sector.
“This award adds to our downstream portfolio in the region and highlights our commitment to growing our petrochemicals business by utilizing our wealth of engineering and operational expertise to help customers design, build, run and improve refining and chemical plants,” concluded Stewart.
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