The Ineos group will build “the largest butane tank in Europe” in the Belgian port city of Antwerp.
The company announced on December 9 that it has signed an agreement with OTAGT, an oil company, to build 135,000 cubic meters of fully-cold storage and is expected to start production in 2019.
Ineos said the fully-cooled container will allow it to import butane from VLGC operators in the United States and around the world. This is a raw material for the production of butadiene.
The company will supply “competitive raw materials” to its factories in Cologne, Germany, as well as the opportunity to trade butane in Europe.
OTAGT, located on the left bank of the Sheffield River, is one of the largest independent terminals in northwestern Europe for storing, producing and distributing liquefied petroleum gas and petrochemical gases.
The project is part of Ineos investment in a resilient supply chain for European plants.
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