Home » Business » Flemish Government to Approve 500 Million Guarantee for Ineos Ethane Cracker Project in Antwerp

Flemish Government to Approve 500 Million Guarantee for Ineos Ethane Cracker Project in Antwerp

The Flemish government wants to give the green light this morning to give Ineos an additional guarantee of 500 million. The chemical giant wants to build a new ethane cracker in the port of Antwerp, but its environmental permit was annulled this summer. Through a guarantee, Ineos can take out 400 million bridging loans from the banks to continue to bear the costs of the idle yard.

2023-09-15 08:02:33
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