INEOS, the world’s leading private chemical company, has awarded Técnicas Reunidas a contract for the project management, engineering, procurement and construction management and supervision services for a world scale ethylene plant in Europe.
The facility, to be built in the Belgian port of Antwerp, will have a production capacity of 1.5 million tons per year. Start-up of the facility is expected in 2026.
Ethylene is a raw material needed for products that are used in wind power plants, solar panels, medical equipment (blood bags, sterile containers, magnetic resonance scanners, etc.), long-life construction materials, textile products and lightweight components for vehicles, among other applications.
INEOS will invest 3,000 – 4,000 million euros in this project. It will be the largest capital investment made by the European chemical sector in the last 20 years.
The advanced technology applied in its development will make it the most energy-efficient and environmentally sustainable facility of its kind in Europe.
For the development of the project, the company will mobilize a highly qualified team that will reach a peak of 450 professionals in Madrid, composed of process engineers and chemical engineers, among other specialties.
In addition, Técnicas Reunidas will mobilize a peak of 225 professionals for construction supervision to the Antwerp site and also to the center where the construction of the large-scale modules, designed by Técnicas Reunidas, will be carried out.
Técnicas Reunidas will promote, as it does in all its projects, the involvement of Spanish companies in their execution, confirming the dragging effect it exerts on the country’s industrial fabric.
This project is a milestone in the European chemical sector due to its size, its advanced technology and its contribution to the energy transition, Técnicas Reunidas appointment confirms the company as a center of excellence in engineering in the world, statement mentioned.