New mega Investment in Port of Antwerp

New mega Investment in Port of Antwerp

New mega Investment in Port of Antwerp

The Austrian petrochemical company Borealis has announced that it is to build a new production plant on its existing site in Kallo, in the Antwerp port area. The propane dehydrogenation (PDH) plant will use the very latest technology in terms of sustainable production and energy efficiency. With this initiative, the port of Antwerp confirms and reinforces its role as the largest chemical cluster in Europe, emphasised a release.

Borealis has decided to build this new plant at its existing production site in Kallo. The mega investment will make the site one of the largest PDH plants in the world. The plant will make use of a recyclable, chromium-free catalyst which will reduce energy consumption, waste production and CO2 emissions. The investment is supported by the Flemish government which has granted € 4 million in strategic ecological support to the project.

Less than one month ago, Sea-Mol, a joint venture of MOL Chemical Tankers and Sea-Invest, had announced that it had chosen Antwerp for construction of a tank storage terminal representing an investment of € 300 to 400 million.

“After the recent announcement by Sea-Mol, this decision by a leading player such as Borealis once more confirms that we, as the largest chemical cluster in Europe, have a strong attraction for international investors,” said the Port Authority CEO, Mr Jacques Vandermeiren.

source : eximin

Manjula

leave a comment

Create Account



Log In Your Account