Investment projects
Port of Antwerp: Chemical cluster to be strengthened
The planned production facility at the existing Kallo site near Antwerp is set to become one of the largest PDH factories in the world. Propane hydrogenation plants convert propane into propylene. Propylene, in turn, can be used to produce polypropylene, a multi-purpose plastic used in the automotive industry, among others. Less than a month ago, Sea-Mol, a joint venture between Mol Chemical Tankers and Sea-Invest, also announced that it had chosen the port of Antwerp for the construction of a storage tank terminal with an investment volume of 300 to 400 million euros.
Jacques Vandermeiren, CEO of Antwerp Port Authority, believes that these location decisions will strengthen the port: "Following the recent announcement by Sea-Mol, the decision by Borealis, one of the leading players, confirms once again that we, as Europe's largest chemical cluster, are a strong attraction for international investors. This mega-investment will further strengthen our position and thus make a significant contribution to the sustainable future of our port." Port bailiff Marc van Peel adds: "For decades, our port has played a leading role in the petrochemical industry thanks to its innovative strength and local expertise. This new investment once again emphatically confirms and consolidates this long-standing importance."
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