INEOS secures €3.5 billion financing for Project ONE
- Project ONE is the largest investment in the European chemical sector for a generation.
- The new cracker located in Antwerp will have the lowest carbon footprint of all European crackers, five times better than the worst in Europe and two times better than the best.
- The plant is designed to use low carbon hydrogen. As soon as enough becomes available, the cracker will have a zero carbon footprint.
- Jason Meers, CFO INEOS Project ONE says: “This is an incredibly important moment for INEOS. Our ethane cracker will set new environmental standards for Europe as well as help revitalize the whole of the European chemical industry.”