14 Feb 2023 --- Ineos has secured €3.5 billion (US$3.7 billion) in funding for its Project One ethane cracker in the Port of Antwerp, Belgium. The financing follows a tide of environmental opposition against the facility, which is accused of threatening local environmental and human health and putting investors at serious financial risk. Ineos’ Project One will be the biggest industrial chemical investment in Europe in the past 20 years and, according to the company, make the EU competitive again with regions like Asia and the US, where development has driven ahead.
