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CORPORATE, POLLUTION
Project Number
240227
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Jim Ratcliffe’s plant in Antwerp faces new legal challenge 22 Feb/ UK gives £600m backing 29 Feb
The UK government is providing a €700m (£600m) guarantee for the billionaire Jim Ratcliffe to build the biggest petrochemical plant in Europe in 30 years that will turbocharge plastic production.
The huge petrochemical plant has been described as a “carbon bomb” by campaigners. Being constructed in the Belgian city of Antwerp by Ratcliffe’s company Ineos, it will bring plastic production to Europe on a scale not seen before, just as countries are trying to negotiate a binding global treaty to tackle the growing problem of plastic pollution.
Proposed Project One cracking plant is ‘hugely destructive’, says Client Earth
The creation of the biggest petrochemical plant in Europe in 30 years faces a new legal challenge by a group of NGOs arguing that the true impact of the development on people, nature and the climate has not been considered.
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