Page 24 - Plastics News October 2019

COMPANY NEWS

INEOS breaks ground at its world scale Cumene investment at Marl,
Germany

NEOS Phenol has broken ground at its world scale competitiveness of our industry.” Dr Jörg Harren, Site
Icumene investment in Marl Germany. The new state of Manager of the Marl Chemical Park, was convinced of the
the art 750,000 tonnes unit is scheduled to be completed strength of the production network in the Chemical Park,
LQ ,WV ORFDWLRQ ZLOO KHOS RSWLPLVH WKH HIÀFLHQF\ RI "Our plant is not only emblematic of the chemical network
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Marl harbour waterway connection.The ceremony was
attended by Economy Minister Andreas Pinkwart and local BPCL to commission major
politicians, as well as customers and business partners of project
INEOS. INEOS Phenol is the world’s largest producer of
phenol and acetone and the largest consumer of cumene
as an essential raw material. The construction of the plant ochi Refinery-Bharat
will support customer’s ambitions and secure the supply KPetroleum Corporation
of raw material to the INEOS phenol and acetone plants Limited (BPCL) is all set
located in Gladbeck and Antwerp for decades to come. to commission its premier
At the ceremony, Andy Currie, Director of INEOS Capital petrochemical venture
said, “INEOS Phenol has been a strong contributor to the called Propylene Derivatives
INEOS Group for nearly 20 years. The investment here, at Petrochemical Project
Marl in a world scale cumene unit will help underpin the (PDPP), which was set up
continued success of this business for many more years at a cost of Rs 5,246 crore.
Upon the commissioning of
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which are being imported in large quantities at a
huge cost to the national exchequer. The project will
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like acrylates, acrylic acid and oxo-alcohol. It will
considerably lessen the import of such products, and
the expected saving per year is approximately Rs 4,500
crore, Prasad Panicker, executive director, KRL, said.
WR FRPH µ +DQV &DVLHU &(2 RI ,1(26 3KHQRO VDLG ´:H Three major units and associated utilities have been
are very pleased to be making this important feedstock “mechanically completed”. A sequence of activities
investment in our European business. It shows a clear has to be carried out to bring the facilities on stream.
commitment by INEOS to its business, customers and $V SDUW RI 3'33 .RFKL 5HÀQHU\ LV LQVWDOOLQJ PRGHUQ
VXSSOLHUV 2XU FXVWRPHUV VKRXOG EH FRQÀGHQW WKDW ZH DUH eco-friendly processes and systems. The waste water
investing in our business to meet their long-term business generated in the process will be treated initially at
needs.” Minister Pinkwart said, “The chemical industry 3'33 DQG URXWHG WR WKH UHÀQHU\·V HIÁXHQW WUHDWPHQW
is the driver of innovation, it provides essential basics IDFLOLW\ IRU ÀQDO WUHDWPHQW DQG GLVSRVDO UHF\FOH =HUR
and is imperative for coping with tasks ahead. This new OLTXLG HIÁXHQW GLVFKDUJH IURP WKH 3'33 FRPSOH[ LV
SODQW ZLOO EH D ÀQH H[DPSOH RI WKH LQGXVWU\ V LQQRYDWLYH envisaged, Mr. Panicker said. On the future of fossil
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sign for the unique ‘Verbund’ structure of our chemical produce BS-VI fuels from April. The acrylic acid unit is
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makes an important contribution to the attractiveness of RI NLOR WRQQHV SHU DQQXP .73$ DQG LV WKH ÀUVW RI
chemistry in the northern Ruhr area and to the increasing its kind in India.

Plastics News October 2019 24