Ineos plans €150 mln investment in European assets

19-Jan-07

To strengthen its market positions in products where we have a long-term competitive advantage, Ineos Polyolefins has outlined a detailed plans for a three-year €150 mlm investment in its European assets, that includes: Expansion of PP capacity at its facilities in Geel, Belgium, and Grangemouth, Scotland. At Geel, the Innovene P gas phase PP unit will undergo a 220,000 tpa expansion, taking the unit's capacity to 500,000 tpa. At the Grangemouth complex, the company will raise the 220,000 tpa liquid pool PP unit to 280,000 tpa. Ineos plans closure of its HDPE unit at Grangemouth by the end of 2007, if there is no improvement in the market climate. At its Lillo site in Belgium, Ineos will invest in its HDPE production. The capacity of its bi-modal slurry phase unit will shoot up from 200,000tpa to 630,000tpa by 2009.