Asked Questions

  • 8. What is Project ONE’s added value for the region?

    Antwerp, and by extension Flanders, will greatly benefit from INEOS’ significant investment in Project ONE. The project will further strengthen the future of chemical manufacturing in the region and underpin the existing chemical cluster.

    In addition, construction of the site will require approximately 15 million man-hours. Once Project ONE is operational, it will employ approximately 450 people directly. Project ONE’s activities will also create employment indirectly: every direct  job on the site will generate ca five additional indirect jobs with third party suppliers, engineering and support services.

    It will renew technology at the heart of the European Chemicals sector, breathing new life into manufacturing, bringing jobs back to a closely regulated sector that will play an essential role in reducing greenhouse gas emissions across the continent.

  • 7. Why is this a game-changer for the chemical industry?

    All recent major chemical investments have been made in Asia, the Middle East or the United States – exacerbating the decline in the European manufacturing base and making Europe increasingly dependent on other parts of the world. Project ONE will make European chemistry more competitive and have a positive effect on employment and prosperity in Antwerp and Flanders.

    Using state-of-the-art technologies, Project ONE will be the most energy-efficient production site in Europe (compared to similar European plants), with a substantially smaller carbon  footprint. Project ONE will generate more than 2 million tonnes per year of ethylene and propylene (also referred to as olefins) – the building blocks of the chemical industry. And it will do this with less than half of the CO2 emissions than the average of the five best-performing olefins competitor plants in Europe (in terms of carbon footprint).

  • 6. Why is Project ONE important for Europe?

    In the last 20 years, there has been a steady and significant decline in Europe’s share of the global chemical sector to half what it was two decades  ago. Moreover, for several years, the European chemical sector has been lagging behind in terms of new investments which introduce new and more efficient technologies, with improved environmental performance. To arrest this decline and redress the balance of global chemical manufacture, INEOS made the conscious decision to respond to a growing demand for chemical products produced with best-in-class environmental profile  by building a state-of-the-art site in Europe.

    Project ONE will utilise the very latest production technologies which  will result in significant environmental benefits and a much lighter carbon ‘footprint’ than is currently the case for ethylene production in Europe. It is an important step towards our goal of delivering  a greener and more sustainable chemical sector.