Project One Wood Wins 100 Million Dollar+ Contract for Unique Olefin Complex in Europe
Ineos has awarded an EPCM contract to Wood for building Europe’s most innovative olefin complex – Project One. The project will deliver a sustainable and energy-efficient steam cracker with the lowest carbon footprint in the region.
Aberdeen/UK – Wood has secured a new contract with Ineos in excess of 100 million dollars to deliver engineering, procurement, and construction management services for Project One, a new state-of-the-art petrochemicals complex in Antwerp, Belgium, which will deliver an ethane cracker with the lowest carbon footprint in Europe.
Effective immediately, the four-year contract will be delivered by Wood’s Projects business unit. The scope is focused on the outside battery limit facilities for the ethane cracker and follows the successful completion of front-end engineering design for the facility. Wood’s integrated project management team will also continue to oversee the project, working closely with the Ineos project team.
Giuseppe Zuccaro, President of Process & Chemicals at Wood, said: “The chemicals sector, like all industries, is forging its own path to carbon neutrality. What Project One represents is the next era of ethylene production, a key component in most plastics. Through the combination of technology and an innovative technical design approach, it will be the most sustainable and energy-efficient steam cracker in Europe.
At its peak Wood is expected to employ around 300 people on the project across its execution centres in Reading and Milan, its global engineering centre in India, and at the site in Antwerp during construction.