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8. What is Project ONE’s added value for the region?
Antwerp, and by extension Flanders, will greatly benefit from the realization of Project ONE. The project will further strengthen the future of chemistry in the region and enrich the existing chemical cluster.
In addition, construction of the site will require millions of man-hours. Once Project ONE is operational, it will employ approximately 450 people (300 high-quality full-time jobs and 150 permanent contractor jobs on site) directly. Project ONE’s activities will also create employment indirectly: every job on the site will generate 5 additional jobs at producers, suppliers, maintenance services, engineering firms, and so on.
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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 – which threatened to make Europe dependent on these 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 become the most energy-efficient production site in Europe (compared to similar European plants), with a substantially smaller footprint. Project ONE will generate almost one and a half million tons of ethylene – an essential building block of the chemical industry. And it will do this with less than half of the CO2 emissions than the 10% best-performing steam crackers in Europe.
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6. Why is Project ONE important for Europe?
In the last 20 years, Europe’s share of the global chemical sector has been cut In half. Moreover, for several years now, the European chemical sector has been lagging behind in terms of new investments. Therefore, INEOS made the conscious decision to respond to the growing demand for chemical products by building a state-of-the-art site in Europe. Antwerp was chosen because of the historical connection with our birthplace.
Project ONE will use the latest production technologies which enables it to significantly reduce its impact on the environment and lower its carbon footprint as compared to the current ethylene production in Europe. This technological renewal is a major step towards a more sustainable chemical industry.
