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World News and Views :: Projects

Ineos Halts Wilhelmshaven Cracker Project

8:55 AM MDT | October 2, 2007 | Robert Westervelt

Ineos says it will suspend indefinitely work on a project to build a 750,000-m.t./year ethylene plant at the company’s Wilhelmshaven, Germany site. “Increasing capital costs of well over 30% in the last 12 months alone have made the project, in its current form, economically unviable,” Ineos says. The previously announced ethylene plant would have cracked ethane supplied from a gas separation unit to be constructed by Statoil and E.On Ruhrgas at Dornum, Germany, about 50 km from Wilhelmshaven. Ineos says that the decision to halt the project was...

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