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Ineos CEO Jim Ratcliffe: 'Does Europe still want a chemical sector?'

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Project One - Ethane Cracker Project
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Braun, Uwe
7/29/2023 9:12 AM

Interview in Belgium Paper De Tijd (use Browser to translate into English)

Jim Ratcliffe: [...]The permit was taken away from us because we would emit too much nitrogen. Let me dwell on that for a moment. The chemical cluster in Antwerp accounts for 10,000 tonnes of nitrogen annually. Project One is 167 tons per year, almost zero. [...]

Ineos CEO Jim Ratcliffe: 'Does Europe still want a chemical sector?' | The Times (tijd.be)

Quite a surprising development in Antwerp, with possible consequences for investment decisions in Europe.


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Braun, Uwe
7/31/2023 9:03 PM

INEOS wants to persevere 

Project One website:

“GRIT” IS INGRAINED IN THE DNA OF INEOS.

It stands for perseverance and combativeness. Not giving up, even when the going gets tough. Also known in cycling as ‘grinta’.

Ineos is determined to get more legal clarity and acceleration of the approval of the nitrogen decree through the legal channels.