Wood has secured a new contract with INEOS for its landmark project to build a propane dehydrogenation (PDH) and the first ethane gas cracker in Europe for 20 years.
Wood has been appointed program management partner for the duration of the project and will oversee the execution of the new petrochemicals complex, situated in Antwerp, Belgium.
Effective immediately, the contract will be delivered by the company’s multi-disciplinary capital projects team based in Reading, UK and at the site in Antwerp.
Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia & Australia, comments: “We are delighted to support INEOS as part of an integrated project management partnership to deliver this strategically important development for the European petrochemicals industry.
“We will bring our renowned project management capability in delivering large-scale capital projects and extensive track record of providing engineering, procurement and construction services globally, to this contract.
“This award adds to our downstream portfolio in the region and highlights our commitment to growing our petrochemicals business by utilising our wealth of engineering and
operational expertise to help customers design, build, run and improve refining and chemical plants.”
About Wood
Wood is a global leader in the delivery of project, engineering and technical services to energy and industrial markets. We operate in more than 60 countries, employing around 55,000 people, with revenues of over $11 billion. We provide performance-driven solutions throughout the asset life-cycle, from concept to decommissioning across a broad range of industrial markets including the upstream, midstream and downstream oil & gas, chemicals, environment and infrastructure, power & process, clean energy, mining and general industrial sectors.
About INEOS
INEOS is a leading manufacturer of petrochemicals, specialty chemicals and oil products. It has 34 businesses, with a production network spanning 171 manufacturing facilities in 24 countries. From paints to plastics, textiles to technology, medicines to mobile phones - chemicals manufactured by INEOS enhance almost every aspect of modern life. INEOS had sales in 2018 of around $60bn and EBITDA close to €6bn. Its products make a significant contribution to saving life, improving health and enhancing standards of living for people around the world.