Wood wins deal to support Ineos’ £2.6bn Antwerp chemicals complex

Wood has announced a deal to support construction of Ineos’ £2.6billion chemicals complex in Antwerp.

The Aberdeen-headquartered firm has been appointed as program management partner for the site, the first of its kind in Europe for 20 years.

Starting immediately, Wood will oversee the execution of the new petrochemicals project.

The value of the deal has not been disclosed.

Ineos announced in January its plans to invest £2.6billion in two plants at the port of Antwerp.

The firm’s CEO, billionaire Jim Ratcliffe, said it will reverse years of decline in the European chemicals sector.

Wood will carry out the contract via project teams based in Reading and Antwerp.

Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia & Australia, said: “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.

“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.”

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